The Duckhorn Portfolio (NYSE:NAPA) Trading Down 2.5%

The Duckhorn Portfolio, Inc. (NYSE:NAPA)’s stock price dropped 2.5% on Wednesday . The company traded as low as $17.90 and last traded at $17.90. Approximately 4,186 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 799,080 shares. The stock had previously closed at $18.35.

NAPA has been the topic of a number of research analyst reports. Royal Bank of Canada initiated coverage on shares of The Duckhorn Portfolio in a report on Monday. They issued a “sector perform” rating and a $19.00 price target on the stock. JPMorgan Chase & Co. started coverage on The Duckhorn Portfolio in a research note on Monday. They issued an “overweight” rating and a $20.00 price objective on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on The Duckhorn Portfolio in a research note on Monday. They issued a “buy” rating and a $22.00 price objective on the stock. Barclays started coverage on The Duckhorn Portfolio in a research note on Monday. They issued an “equal weight” rating and a $18.00 price objective on the stock. Finally, Jefferies Financial Group started coverage on The Duckhorn Portfolio in a research note on Monday. They issued a “buy” rating and a $22.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The Duckhorn Portfolio presently has an average rating of “Buy” and an average price target of $20.78.

In related news, major shareholder Mallard Holdco, Llc sold 9,666,667 shares of the company’s stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $14.06, for a total value of $135,913,338.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

A hedge fund recently bought a new stake in The Duckhorn Portfolio stock. Retirement Systems of Alabama bought a new position in The Duckhorn Portfolio, Inc. (NYSE:NAPA) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 375,000 shares of the company’s stock, valued at approximately $6,293,000. Retirement Systems of Alabama owned approximately 0.33% of The Duckhorn Portfolio at the end of the most recent reporting period.

About The Duckhorn Portfolio (NYSE:NAPA)

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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