Allspring Global Investments Holdings LLC Acquires 282,025 Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Allspring Global Investments Holdings LLC grew its holdings in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPAGet Rating) by 50.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 839,842 shares of the company’s stock after buying an additional 282,025 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.73% of Duckhorn Portfolio worth $12,118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in Duckhorn Portfolio by 31.6% in the 1st quarter. JPMorgan Chase & Co. now owns 38,511 shares of the company’s stock valued at $700,000 after buying an additional 9,252 shares during the last quarter. Raymond James & Associates grew its position in shares of Duckhorn Portfolio by 2.5% during the 1st quarter. Raymond James & Associates now owns 25,384 shares of the company’s stock worth $462,000 after purchasing an additional 626 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Duckhorn Portfolio by 9.9% during the 1st quarter. Bank of New York Mellon Corp now owns 151,571 shares of the company’s stock worth $2,757,000 after purchasing an additional 13,629 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Duckhorn Portfolio by 27.4% during the 1st quarter. HighTower Advisors LLC now owns 11,824 shares of the company’s stock worth $213,000 after acquiring an additional 2,545 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Duckhorn Portfolio by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 21,275 shares of the company’s stock worth $387,000 after acquiring an additional 7,586 shares in the last quarter. 97.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on NAPA shares. Credit Suisse Group dropped their price objective on shares of Duckhorn Portfolio from $26.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, September 22nd. Evercore ISI dropped their price target on shares of Duckhorn Portfolio to $20.00 in a research note on Tuesday, September 20th. Jefferies Financial Group dropped their price target on shares of Duckhorn Portfolio from $23.00 to $21.00 in a research note on Thursday, September 29th. Wedbush initiated coverage on shares of Duckhorn Portfolio in a research note on Monday, October 10th. They set an “outperform” rating and a $18.00 price target for the company. Finally, Bank of America reaffirmed a “buy” rating and set a $18.00 price target (down previously from $24.00) on shares of Duckhorn Portfolio in a research note on Thursday, September 22nd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Duckhorn Portfolio has an average rating of “Moderate Buy” and an average target price of $19.78.

Duckhorn Portfolio Trading Up 0.1 %

NYSE:NAPA opened at $16.10 on Friday. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 4.73 and a beta of 0.18. The firm has a fifty day simple moving average of $15.95 and a two-hundred day simple moving average of $16.77. The Duckhorn Portfolio, Inc. has a 12 month low of $12.64 and a 12 month high of $22.29. The company has a current ratio of 2.88, a quick ratio of 0.59 and a debt-to-equity ratio of 0.22.

Duckhorn Portfolio Company Profile

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The Duckhorn Portfolio, Inc produces and sells wines in North America. It offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Goldeneye, Paraduxx, Migration, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. The company sells wines to distributors, and directly to retail accounts and consumers.

See Also

Institutional Ownership by Quarter for Duckhorn Portfolio (NYSE:NAPA)

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