The Duckhorn Portfolio (NYSE:NAPA) Research Coverage Started at Credit Suisse Group

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Credit Suisse Group assumed coverage on shares of The Duckhorn Portfolio (NYSE:NAPA) in a research note published on Monday morning, Price 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.

An institutional investor recently bought a new position in The Duckhorn Portfolio stock. Retirement Systems of Alabama bought a new position in The Duckhorn Portfolio, Inc. (NYSE:NAPA) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 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.

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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Analyst Recommendations for The Duckhorn Portfolio (NYSE:NAPA)

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