Atom Investors LP Invests $2.33 Million in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Atom Investors LP bought a new stake in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) during the third quarter, Holdings Channel.com reports. The fund bought 400,556 shares of the company’s stock, valued at approximately $2,327,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NAPA. DekaBank Deutsche Girozentrale purchased a new position in shares of Duckhorn Portfolio during the 3rd quarter valued at approximately $31,000. Barnett & Company Inc. purchased a new position in Duckhorn Portfolio during the third quarter valued at $73,000. Simon Quick Advisors LLC acquired a new stake in shares of Duckhorn Portfolio in the second quarter valued at about $85,000. Intech Investment Management LLC acquired a new stake in shares of Duckhorn Portfolio in the third quarter valued at about $86,000. Finally, ZWJ Investment Counsel Inc. purchased a new stake in shares of Duckhorn Portfolio during the third quarter worth about $88,000.

Wall Street Analyst Weigh In

NAPA has been the topic of a number of research reports. 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 target price on 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Duckhorn Portfolio has a consensus rating of “Hold” and a consensus price target of $9.85.

Duckhorn Portfolio Stock Performance

NAPA opened at $11.01 on Tuesday. The Duckhorn Portfolio, Inc. has a twelve month low of $5.38 and a twelve month high of $11.10. The firm has a market capitalization of $1.62 billion, a PE ratio of 23.43, a PEG ratio of 9.48 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 firm’s 50-day moving average price is $9.92 and its 200 day moving average price is $8.04.

Duckhorn Portfolio (NYSE:NAPA) last issued its earnings results on Monday, October 7th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. The business had revenue of $107.40 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. As a group, sell-side analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 EPS for the current fiscal year.

Duckhorn Portfolio Company 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.