Credit Suisse Group assumed coverage on shares of The Duckhorn Portfolio (NYSE:NAPA) in a research note published on Monday morning, Price Targets.com reports. The brokerage issued an outperform rating and a $21.00 price objective on the stock.
NYSE:NAPA opened at $17.85 on Monday. The Duckhorn Portfolio has a 1 year low of $16.40 and a 1 year high of $20.73.
In other news, major shareholder Mallard Holdco, Llc sold 9,666,667 shares of The Duckhorn Portfolio stock in a transaction that occurred on 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 Securities & Exchange Commission, which is accessible through the SEC website.
The Duckhorn Portfolio Company 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.
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