Credit Suisse Group assumed coverage on shares of The Duckhorn Portfolio (NYSE:NAPA) in a research note issued to investors on Monday morning, Benzinga reports. The brokerage issued an outperform rating and a $21.00 price objective on the stock.
Several other research analysts also recently weighed in on the company. Bank of America initiated coverage on The Duckhorn Portfolio in a research note on Monday. They set a buy rating and a $21.00 target price for the company. JPMorgan Chase & Co. began coverage on The Duckhorn Portfolio in a research report on Monday. They set an overweight rating and a $20.00 price target for the company. Jefferies Financial Group began coverage on The Duckhorn Portfolio in a research report on Monday. They set a buy rating and a $22.00 price target for the company. Royal Bank of Canada began coverage on The Duckhorn Portfolio in a research report on Monday. They set a sector perform rating and a $19.00 price target for the company. Finally, Barclays began coverage on The Duckhorn Portfolio in a research report on Monday. They set an equal weight rating and a $18.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The Duckhorn Portfolio currently has an average rating of Buy and an average target price of $20.78.
Shares of NAPA stock opened at $17.89 on Monday. The Duckhorn Portfolio has a 1-year low of $16.40 and a 1-year high of $20.73.
In other The Duckhorn Portfolio news, major shareholder Mallard Holdco, Llc sold 9,666,667 shares of The Duckhorn Portfolio stock in a transaction that occurred on Monday, March 22nd. The stock was sold at an average price of $14.06, for a total value of $135,913,338.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
An institutional investor recently bought a new position in The Duckhorn Portfolio stock. Retirement Systems of Alabama acquired a new stake in The Duckhorn Portfolio, Inc. (NYSE:NAPA) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 375,000 shares of the company’s stock, valued at approximately $6,293,000. Retirement Systems of Alabama owned 0.33% of The Duckhorn Portfolio as of its most recent SEC filing.
The Duckhorn Portfolio Company Profile
The Duckhorn Portfolio, Inc produces and sells wines in North America. It offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Canvasback, Greenwing, and Postmark. The company sells its products directly to California retailers and restaurants; and to distributors and agents located in other states throughout the United States, as well as to export distributors that sell internationally.
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