Ballentine Partners LLC Makes New Investment in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Ballentine Partners LLC purchased a new position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) during the third quarter, HoldingsChannel.com reports. The fund purchased 15,320 shares of the company’s stock, valued at approximately $89,000.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Duckhorn Portfolio by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,274,221 shares of the company’s stock worth $49,103,000 after acquiring an additional 190,083 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Duckhorn Portfolio by 2.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,831,391 shares of the company’s stock worth $27,203,000 after acquiring an additional 98,038 shares in the last quarter. Westwood Holdings Group Inc. increased its position in shares of Duckhorn Portfolio by 4.0% in the second quarter. Westwood Holdings Group Inc. now owns 3,663,304 shares of the company’s stock worth $26,009,000 after acquiring an additional 140,113 shares in the last quarter. Kennedy Capital Management LLC increased its position in shares of Duckhorn Portfolio by 41.2% in the first quarter. Kennedy Capital Management LLC now owns 457,681 shares of the company’s stock worth $4,261,000 after acquiring an additional 133,579 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of Duckhorn Portfolio by 5.2% in the second quarter. First Eagle Investment Management LLC now owns 377,472 shares of the company’s stock worth $2,680,000 after acquiring an additional 18,500 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NAPA shares. Royal Bank of Canada lowered shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $11.00 to $11.10 in a research report on Friday, October 11th. Barclays increased their price objective on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.30.

Duckhorn Portfolio Price Performance

NAPA opened at $10.98 on Thursday. The company has a fifty day simple moving average of $7.76 and a 200 day simple moving average of $7.61. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 9.44 and a beta of 0.21. The Duckhorn Portfolio, Inc. has a twelve month low of $5.38 and a twelve month high of $11.08. The company has a current ratio of 8.05, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24.

Duckhorn Portfolio (NYSE:NAPA) last announced its quarterly earnings data on Monday, October 7th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. The company had revenue of $107.40 million during the quarter, compared to analyst estimates of $104.76 million. Duckhorn Portfolio had a net margin of 13.81% and a return on equity of 6.24%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS. Equities research analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 EPS for the current fiscal year.

Duckhorn Portfolio Profile

The Duckhorn Portfolio, Inc produces and sells wines in North America. The company offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Goldeneye, Paraduxx, Migration, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. It sells wines to distributors, and directly to retail accounts and consumers.