MQS Management LLC Makes New Investment in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

MQS Management LLC bought a new position in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,658 shares of the company’s stock, valued at approximately $178,000.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Duckhorn Portfolio by 3.7% during the first quarter. Vanguard Group Inc. now owns 5,274,221 shares of the company’s stock worth $49,103,000 after buying an additional 190,083 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Duckhorn Portfolio by 2.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,831,391 shares of the company’s stock worth $27,203,000 after purchasing an additional 98,038 shares in the last quarter. Westwood Holdings Group Inc. increased its position in shares of Duckhorn Portfolio by 4.0% during the second quarter. Westwood Holdings Group Inc. now owns 3,663,304 shares of the company’s stock worth $26,009,000 after purchasing an additional 140,113 shares in the last quarter. River Road Asset Management LLC increased its position in shares of Duckhorn Portfolio by 6.1% during the third quarter. River Road Asset Management LLC now owns 3,312,046 shares of the company’s stock worth $19,243,000 after purchasing an additional 190,498 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its position in shares of Duckhorn Portfolio by 41.2% during the first quarter. Kennedy Capital Management LLC now owns 457,681 shares of the company’s stock worth $4,261,000 after purchasing an additional 133,579 shares in the last quarter.

Duckhorn Portfolio Price Performance

NYSE:NAPA opened at $11.02 on Friday. The Duckhorn Portfolio, Inc. has a one year low of $5.38 and a one year high of $11.07. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 8.05. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 9.49 and a beta of 0.02. The firm’s fifty day moving average is $8.88 and its two-hundred day moving average is $7.84.

Duckhorn Portfolio (NYSE:NAPA) last posted its quarterly 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. Duckhorn Portfolio had a net margin of 13.81% and a return on equity of 6.24%. The company had revenue of $107.40 million for the quarter, compared to analyst estimates of $104.76 million. During the same period in the prior year, the company earned $0.14 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Research analysts expect that The Duckhorn Portfolio, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

NAPA has been the topic of a number of recent analyst reports. Royal Bank of Canada downgraded Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $11.00 to $11.10 in a research report on Friday, October 11th. Barclays upped 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.