Duckhorn Portfolio (NYSE:NAPA) Downgraded by Jefferies Financial Group to Hold

Duckhorn Portfolio (NYSE:NAPA - Get Free Report) was downgraded by equities research analysts at Jefferies Financial Group from a "buy" rating to a "hold" rating in a research note issued on Friday, MarketBeat Ratings reports. They presently have a $11.00 target price on the stock. Jefferies Financial Group's target price would indicate a potential downside of 0.54% from the stock's current price.

A number of other brokerages also recently weighed in on NAPA. Barclays increased their price objective 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. Royal Bank of Canada cut Duckhorn Portfolio from an "outperform" rating to a "sector perform" rating and increased their price target for the company from $11.00 to $11.10 in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $10.01.

Duckhorn Portfolio Stock Up 0.2 %

Shares of NYSE NAPA traded up $0.02 during midday trading on Friday, hitting $11.06. The stock had a trading volume of 2,527,313 shares, compared to its average volume of 1,443,649. The company has a market cap of $1.63 billion, a P/E ratio of 23.49, a PEG ratio of 9.51 and a beta of 0.03. The company has a quick ratio of 1.33, a current ratio of 8.05 and a debt-to-equity ratio of 0.24. The business's 50 day moving average is $10.35 and its 200-day moving average is $8.12. Duckhorn Portfolio has a 52 week low of $5.38 and a 52 week high of $11.10.

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

Institutional Trading of Duckhorn Portfolio

Several hedge funds have recently bought and sold shares of NAPA. DekaBank Deutsche Girozentrale purchased a new stake in shares of Duckhorn Portfolio in the third quarter worth $31,000. Barnett & Company Inc. bought a new position in Duckhorn Portfolio in the 3rd quarter worth $73,000. CTC Alternative Strategies Ltd. purchased a new stake in Duckhorn Portfolio in the 3rd quarter worth $74,000. Simon Quick Advisors LLC bought a new stake in Duckhorn Portfolio during the second quarter valued at about $85,000. Finally, Intech Investment Management LLC purchased a new position in shares of Duckhorn Portfolio in the third quarter valued at about $86,000.

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.