Barnett & Company Inc. Buys Shares of 12,500 The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Barnett & Company Inc. purchased a new position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,500 shares of the company’s stock, valued at approximately $73,000.

Several other institutional investors also recently modified their holdings of the stock. Aigen Investment Management LP bought a new position in shares of Duckhorn Portfolio during the third quarter valued at $185,000. GSA Capital Partners LLP bought a new stake in Duckhorn Portfolio during the third quarter valued at $620,000. Entropy Technologies LP grew its stake in Duckhorn Portfolio by 117.0% during the third quarter. Entropy Technologies LP now owns 27,449 shares of the company’s stock worth $159,000 after purchasing an additional 14,800 shares during the period. River Road Asset Management LLC increased its stake in shares of Duckhorn Portfolio by 6.1% in the 3rd quarter. River Road Asset Management LLC now owns 3,312,046 shares of the company’s stock valued at $19,243,000 after acquiring an additional 190,498 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Duckhorn Portfolio by 41.9% during the third quarter. Janney Montgomery Scott LLC now owns 131,587 shares of the company’s stock valued at $765,000 after purchasing an additional 38,854 shares during the period.

Duckhorn Portfolio Stock Performance

Shares of NYSE NAPA traded up $0.01 during midday trading on Tuesday, reaching $10.98. The company’s stock had a trading volume of 120,247 shares, compared to its average volume of 1,422,697. The stock has a market capitalization of $1.62 billion, a P/E ratio of 23.34, a PEG ratio of 9.51 and a beta of 0.02. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.05 and a quick ratio of 1.33. The firm has a 50 day moving average price of $8.48 and a 200-day moving average price of $7.76. The Duckhorn Portfolio, Inc. has a 12-month low of $5.38 and a 12-month high of $11.06.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NAPA. Royal Bank of Canada cut Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $11.00 to $11.10 in a report on Friday, October 11th. Barclays raised their price target on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Duckhorn Portfolio presently has a consensus rating of “Hold” and an average target price of $10.30.

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.