MQS Management LLC Invests $178,000 in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

MQS Management LLC bought a new position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 30,658 shares of the company’s stock, valued at approximately $178,000.

Several other hedge funds have also modified their holdings of NAPA. DekaBank Deutsche Girozentrale purchased a new position in Duckhorn Portfolio in the 3rd quarter valued at about $31,000. Barnett & Company Inc. purchased a new position in Duckhorn Portfolio in the 3rd quarter valued at about $73,000. Simon Quick Advisors LLC purchased a new position in Duckhorn Portfolio in the 2nd quarter valued at about $85,000. ZWJ Investment Counsel Inc. purchased a new position in Duckhorn Portfolio in the 3rd quarter valued at about $88,000. Finally, Ballentine Partners LLC purchased a new position in Duckhorn Portfolio in the 3rd quarter valued at about $89,000.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Royal Bank of Canada lowered shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $11.00 to $11.10 in a research note 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 note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.85.

Duckhorn Portfolio Stock Down 0.1 %

NAPA stock opened at $11.02 on Friday. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 9.49 and a beta of 0.02. The company has a current ratio of 8.05, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. The Duckhorn Portfolio, Inc. has a 12 month low of $5.38 and a 12 month high of $11.07. The firm has a 50-day moving average of $8.88 and a two-hundred day moving average of $7.84.

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

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.