River Road Asset Management LLC Raises Stake in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

River Road Asset Management LLC grew its position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA - Free Report) by 6.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,312,046 shares of the company's stock after acquiring an additional 190,498 shares during the quarter. River Road Asset Management LLC owned 2.25% of Duckhorn Portfolio worth $19,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in Duckhorn Portfolio by 41.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 131,587 shares of the company's stock worth $765,000 after acquiring an additional 38,854 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Duckhorn Portfolio during the 3rd quarter worth $31,000. Ballentine Partners LLC bought a new stake in shares of Duckhorn Portfolio during the 3rd quarter worth $89,000. nVerses Capital LLC raised its stake in shares of Duckhorn Portfolio by 458.6% during the 3rd quarter. nVerses Capital LLC now owns 16,200 shares of the company's stock worth $94,000 after purchasing an additional 13,300 shares during the period. Finally, ZWJ Investment Counsel Inc. bought a new stake in shares of Duckhorn Portfolio during the 3rd quarter worth $88,000.

Duckhorn Portfolio Price Performance

NAPA stock traded up $0.04 during mid-day trading on Tuesday, reaching $11.02. 1,900,107 shares of the company traded hands, compared to its average volume of 1,435,624. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.05 and a quick ratio of 1.33. The company has a market capitalization of $1.62 billion, a P/E ratio of 23.45, a P/E/G ratio of 9.45 and a beta of 0.02. The Duckhorn Portfolio, Inc. has a 52-week low of $5.38 and a 52-week high of $11.08. The company has a fifty day moving average price of $8.02 and a 200-day moving average price of $7.66.

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

Analyst Upgrades and Downgrades

NAPA has been the topic of a number of recent analyst reports. Royal Bank of Canada cut Duckhorn Portfolio from an "outperform" rating to a "sector perform" rating and lifted their target price for the stock from $11.00 to $11.10 in a research note on Friday, October 11th. Barclays lifted their target price on Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $10.30.

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.