Capstone Investment Advisors LLC Buys New Stake in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Capstone Investment Advisors LLC purchased a new stake in The Duckhorn Portfolio, Inc. (NYSE:NAPA) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 126,714 shares of the company’s stock, valued at approximately $736,000. Capstone Investment Advisors LLC owned approximately 0.09% of Duckhorn Portfolio as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in shares of Duckhorn Portfolio by 16.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,675 shares of the company’s stock worth $154,000 after purchasing an additional 3,129 shares during the last quarter. Sei Investments Co. increased its position in shares of Duckhorn Portfolio by 7.6% during the second quarter. Sei Investments Co. now owns 54,093 shares of the company’s stock worth $384,000 after acquiring an additional 3,829 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Duckhorn Portfolio by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,216 shares of the company’s stock worth $142,000 after acquiring an additional 4,170 shares during the period. American International Group Inc. boosted its stake in Duckhorn Portfolio by 20.5% in the 1st quarter. American International Group Inc. now owns 26,298 shares of the company’s stock worth $245,000 after purchasing an additional 4,467 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new position in Duckhorn Portfolio during the 3rd quarter worth about $31,000.

Duckhorn Portfolio Price Performance

Shares of NAPA opened at $10.98 on Friday. The company’s 50-day moving average is $9.71 and its 200-day moving average is $8.00. 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 firm has a market capitalization of $1.62 billion, a PE ratio of 23.36, a PEG ratio of 9.46 and a beta of 0.02. The Duckhorn Portfolio, Inc. has a fifty-two week low of $5.38 and a fifty-two week high of $11.10.

Duckhorn Portfolio (NYSE:NAPA) last released its quarterly earnings results on Monday, October 7th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $104.76 million. During the same period in the prior year, the firm earned $0.14 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Equities analysts forecast that The Duckhorn Portfolio, Inc. will post 0.6 EPS for the current year.

Analyst Ratings Changes

NAPA has been the topic of a number of recent research reports. Barclays lifted their price objective on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Royal Bank of Canada downgraded shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $11.00 to $11.10 in a research note on Friday, October 11th. One research 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.com, Duckhorn Portfolio presently has an average rating of “Hold” and an average price target of $9.85.

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.