Zimmer Partners LP Makes New Investment in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Zimmer Partners LP acquired a new stake in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 75,000 shares of the company’s stock, valued at approximately $1,259,000. Zimmer Partners LP owned about 0.07% of The Duckhorn Portfolio as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in NAPA. Retirement Systems of Alabama acquired a new position in shares of The Duckhorn Portfolio during the first quarter valued at about $6,293,000. BlackRock Inc. acquired a new position in shares of The Duckhorn Portfolio during the first quarter valued at about $11,604,000. AdvisorShares Investments LLC acquired a new position in shares of The Duckhorn Portfolio during the first quarter valued at about $252,000. Teacher Retirement System of Texas acquired a new position in shares of The Duckhorn Portfolio during the first quarter valued at about $8,390,000. Finally, UBS Group AG acquired a new position in shares of The Duckhorn Portfolio during the first quarter valued at about $48,000. 15.24% of the stock is owned by institutional investors and hedge funds.

The Duckhorn Portfolio stock traded up $0.30 during trading hours on Thursday, hitting $22.34. 980 shares of the stock were exchanged, compared to its average volume of 482,604. The company has a current ratio of 5.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.32. The Duckhorn Portfolio, Inc. has a 12 month low of $16.16 and a 12 month high of $24.55. The stock has a 50-day moving average of $20.64.

The Duckhorn Portfolio (NYSE:NAPA) last issued its quarterly earnings data on Sunday, June 6th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.10. The firm had revenue of $90.43 million for the quarter, compared to the consensus estimate of $76.09 million. As a group, equities research analysts predict that The Duckhorn Portfolio, Inc. will post 0.43 EPS for the current year.

A number of brokerages have recently commented on NAPA. Jefferies Financial Group assumed coverage on shares of The Duckhorn Portfolio in a research report on Monday, April 12th. They set a “buy” rating and a $22.00 price objective for the company. Bank of America assumed coverage on shares of The Duckhorn Portfolio in a research report on Monday, April 12th. They issued a “buy” rating and a $21.00 price target for the company. Evercore ISI assumed coverage on shares of The Duckhorn Portfolio in a research report on Monday, April 12th. They issued an “outperform” rating and a $22.00 price target for the company. Credit Suisse Group increased their price target on shares of The Duckhorn Portfolio from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 8th. Finally, Zacks Investment Research lowered shares of The Duckhorn Portfolio from a “buy” rating to a “hold” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $21.80.

The Duckhorn Portfolio 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.

Recommended Story: What is a Leveraged Buyout (LBO)?

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

Receive News & Ratings for The Duckhorn Portfolio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Duckhorn Portfolio and related companies with MarketBeat.com's FREE daily email newsletter.