The Duckhorn Portfolio (NYSE:NAPA) Now Covered by Analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell


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Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on shares of The Duckhorn Portfolio (NYSE:NAPA) in a report released on Monday morning, Price Targets.com reports. The firm issued a buy rating and a $22.00 target price on the stock.

Several other research analysts have also recently weighed in on the stock. Credit Suisse Group began coverage on shares of The Duckhorn Portfolio in a report on Monday. They issued an outperform rating and a $21.00 price target for the company. Royal Bank of Canada began coverage on shares of The Duckhorn Portfolio in a report on Monday. They issued a sector perform rating and a $19.00 price target for the company. Bank of America started coverage on shares of The Duckhorn Portfolio in a report on Monday. They issued a buy rating and a $21.00 price target for the company. Finally, Barclays started coverage on shares of The Duckhorn Portfolio in a research report on Monday. They issued an equal weight rating and a $18.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The Duckhorn Portfolio has a consensus rating of Buy and an average price target of $20.78.

Shares of 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 business’s stock in a transaction dated 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 legal filing with the SEC, which is available through this link.

A hedge fund recently bought a new stake in The Duckhorn Portfolio stock. Retirement Systems of Alabama acquired a new stake in The Duckhorn Portfolio, Inc. (NYSE:NAPA) during the first quarter, according to its most recent 13F filing with the 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 filing with the SEC.

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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