Duckhorn Portfolio (NYSE:NAPA) Shares Gap Up to $8.29

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) gapped up before the market opened on Wednesday . The stock had previously closed at $8.29, but opened at $8.85. Duckhorn Portfolio shares last traded at $8.27, with a volume of 595,222 shares.

Wall Street Analysts Forecast Growth

NAPA has been the subject of several research reports. Bank of America downgraded Duckhorn Portfolio from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $11.00 to $8.00 in a research note on Tuesday, February 13th. TheStreet upgraded Duckhorn Portfolio from a “d” rating to a “c” rating in a research note on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $13.56.

Duckhorn Portfolio Trading Down 0.2 %

The stock has a market cap of $954.44 million, a PE ratio of 14.55, a PEG ratio of 7.19 and a beta of 0.25. The company has a current ratio of 6.85, a quick ratio of 1.13 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $9.08 and a two-hundred day simple moving average of $9.56.

Duckhorn Portfolio (NYSE:NAPA) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The company had revenue of $103.05 million for the quarter, compared to analysts’ expectations of $106.38 million. Duckhorn Portfolio had a return on equity of 7.27% and a net margin of 16.62%. During the same period last year, the firm posted $0.17 EPS. As a group, equities analysts expect that The Duckhorn Portfolio, Inc. will post 0.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Duckhorn Portfolio news, insider Deirdre Mahlan sold 29,681 shares of Duckhorn Portfolio stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $9.23, for a total value of $273,955.63. Following the transaction, the insider now directly owns 104,590 shares of the company’s stock, valued at approximately $965,365.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Duckhorn Portfolio news, insider Deirdre Mahlan sold 29,681 shares of Duckhorn Portfolio stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $9.23, for a total value of $273,955.63. Following the transaction, the insider now directly owns 104,590 shares of the company’s stock, valued at approximately $965,365.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sean B.A. Sullivan sold 25,000 shares of Duckhorn Portfolio stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $8.99, for a total value of $224,750.00. Following the completion of the sale, the insider now owns 125,326 shares in the company, valued at $1,126,680.74. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Duckhorn Portfolio

A number of large investors have recently made changes to their positions in NAPA. Goldman Sachs Group Inc. grew its position in shares of Duckhorn Portfolio by 658.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,592,582 shares of the company’s stock worth $33,626,000 after buying an additional 2,250,778 shares during the last quarter. FMR LLC grew its position in shares of Duckhorn Portfolio by 215.2% in the 3rd quarter. FMR LLC now owns 2,458,073 shares of the company’s stock worth $25,220,000 after buying an additional 1,678,271 shares during the last quarter. FIL Ltd grew its position in shares of Duckhorn Portfolio by 231.3% in the 4th quarter. FIL Ltd now owns 2,277,397 shares of the company’s stock worth $22,432,000 after buying an additional 1,590,000 shares during the last quarter. Westwood Holdings Group Inc. grew its position in shares of Duckhorn Portfolio by 32.5% in the 4th quarter. Westwood Holdings Group Inc. now owns 3,368,871 shares of the company’s stock worth $33,183,000 after buying an additional 825,730 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Duckhorn Portfolio by 411.5% in the 4th quarter. Millennium Management LLC now owns 924,542 shares of the company’s stock worth $15,320,000 after buying an additional 743,780 shares during the last quarter.

About Duckhorn Portfolio

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.