Duckhorn Portfolio (NYSE:NAPA) Rating Lowered to Sector Perform at Royal Bank of Canada

Duckhorn Portfolio (NYSE:NAPA) was downgraded by equities researchers at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a note issued to investors on Friday, MarketBeat Ratings reports. They currently have a $11.10 target price on the stock, up from their prior target price of $11.00. Royal Bank of Canada’s price objective points to a potential upside of 1.46% from the stock’s previous close.

Separately, Barclays boosted 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.30.

Duckhorn Portfolio Price Performance

Duckhorn Portfolio stock opened at $10.94 on Friday. Duckhorn Portfolio has a 52 week low of $5.38 and a 52 week high of $11.08. The firm has a market cap of $1.61 billion, a P/E ratio of 23.28, a P/E/G ratio of 9.43 and a beta of 0.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 8.05. The business’s fifty day moving average is $6.63 and its two-hundred day moving average is $7.43.

Duckhorn Portfolio (NYSE:NAPA) last issued its quarterly earnings data on Monday, October 7th. The company reported $0.14 EPS for the quarter, topping 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 firm had revenue of $107.40 million for the quarter, compared to analyst estimates of $104.76 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The company’s revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that Duckhorn Portfolio will post 0.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Simon Quick Advisors LLC bought a new stake in Duckhorn Portfolio in the second quarter valued at about $85,000. Canada Pension Plan Investment Board bought a new stake in shares of Duckhorn Portfolio in the 2nd quarter valued at about $101,000. Bayesian Capital Management LP acquired a new stake in shares of Duckhorn Portfolio in the 1st quarter valued at approximately $133,000. BOKF NA acquired a new stake in shares of Duckhorn Portfolio in the 2nd quarter valued at approximately $133,000. Finally, Bleakley Financial Group LLC bought a new position in Duckhorn Portfolio during the 1st quarter worth approximately $136,000.

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.