Paloma Partners Management Co Makes New Investment in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Paloma Partners Management Co acquired a new position in The Duckhorn Portfolio, Inc. (NYSE:NAPA) in the third quarter, HoldingsChannel reports. The firm acquired 16,435 shares of the company’s stock, valued at approximately $95,000.

A number of other institutional investors also recently made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new stake in Duckhorn Portfolio in the third quarter worth $31,000. Simon Quick Advisors LLC bought a new stake in shares of Duckhorn Portfolio in the 2nd quarter valued at about $85,000. Barnett & Company Inc. purchased a new stake in Duckhorn Portfolio during the 3rd quarter valued at about $73,000. Canada Pension Plan Investment Board purchased a new stake in Duckhorn Portfolio during the 2nd quarter valued at about $101,000. Finally, Intech Investment Management LLC bought a new position in Duckhorn Portfolio during the 3rd quarter worth approximately $86,000.

Duckhorn Portfolio Price Performance

NAPA opened at $11.06 on Friday. The Duckhorn Portfolio, Inc. has a 12-month low of $5.38 and a 12-month high of $11.10. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 26.33, a price-to-earnings-growth ratio of 9.51 and a beta of 0.03. 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 stock has a fifty day simple moving average of $10.45 and a two-hundred day simple moving average of $8.15.

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

Analyst Ratings Changes

Several analysts have weighed in on NAPA shares. Barclays increased their price objective on Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Jefferies Financial Group cut shares of Duckhorn Portfolio from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a research report on Friday. Finally, Royal Bank of Canada cut shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $11.00 to $11.10 in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Duckhorn Portfolio presently has a consensus rating of “Hold” and an average price target of $10.01.

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.