The Duckhorn Portfolio (NYSE:NAPA) Earns Buy Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of The Duckhorn Portfolio (NYSE:NAPA) in a research note issued to investors on Monday, Price Targets.com reports. The firm issued a buy rating and a $22.00 price objective on the stock.

Other analysts have also issued reports about the stock. Barclays assumed coverage on shares of The Duckhorn Portfolio in a research report on Monday. They issued an equal weight rating and a $18.00 price target on the stock. Royal Bank of Canada assumed coverage on shares of The Duckhorn Portfolio in a research report on Monday. They issued a sector perform rating and a $19.00 price target on the stock. Evercore ISI assumed coverage on shares of The Duckhorn Portfolio in a research report on Monday. They issued an outperform rating and a $22.00 price target on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on shares of The Duckhorn Portfolio in a research report on Monday. They issued a buy rating and a $22.00 price target on the stock. Finally, Bank of America began coverage on shares of The Duckhorn Portfolio in a research report on Monday. They set a buy rating and a $21.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The Duckhorn Portfolio currently has a consensus rating of Buy and an average price target of $20.78.

NYSE NAPA opened at $17.85 on Monday. The Duckhorn Portfolio has a 52-week low of $16.40 and a 52-week high of $20.73.

In related news, major shareholder Mallard Holdco, Llc sold 9,666,667 shares of The Duckhorn Portfolio stock in a transaction dated Monday, March 22nd. The shares were sold at an average price of $14.06, for a total transaction of $135,913,338.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A hedge fund recently bought a new stake in The Duckhorn Portfolio stock. Retirement Systems of Alabama purchased a new stake in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 375,000 shares of the company’s stock, valued at approximately $6,293,000. Retirement Systems of Alabama owned about 0.33% of The Duckhorn Portfolio as of its most recent SEC filing.

About The Duckhorn Portfolio

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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Analyst Recommendations for The Duckhorn Portfolio (NYSE:NAPA)

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