Duckhorn Portfolio slides after Bank of America warns on premium wine slowdown [Seeking Alpha]
The Duckhorn Portfolio, Inc. (NAPA)
Company Research
Source: Seeking Alpha
Analyst Peter Galbo and team see downside to second-half sale estimates for NAPA given that retail sales levels for premium wine (+$15 per bottle) continue to decelerate and NAPA faces difficult comparisons in during the second half, particularly in with the Decoy and Duckhorn products. The firm also believes that a takeover appears less likely given that Brown-Forman ( BF.A BF.B ) owns 21.5% of shares and does not have interest in long-term ownership of wine. BofA lowered its sales estimate for 2024 by 0.5% and cuts its sales estimate for 2025 by 2.3%. The price target multiple of 7.5X the 2025 EV/EBITDA yields a new price objective on NAP of $8. Galbo noted that historically, public wine entities have traded at low multiples given variability in crop and poor returns on capital. Shares of Duckhorn Portfolio ( NAPA ) were down in premarket action to $8.59. Recommended For You Recommended For You About NAPA Stock Related Stocks Trending Analysis Trending News
Show less
Read more
Impact Snapshot
Event Time:
NAPA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NAPA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NAPA alerts
High impacting The Duckhorn Portfolio, Inc. news events
Weekly update
A roundup of the hottest topics
NAPA
News
- Wine group The Duckhorn Portfolio finds positivity on Wall Street amid share slide [Yahoo! Finance]Yahoo! Finance
- The Duckhorn Portfolio, Inc. (NYSE: NAPA) had its price target lowered by analysts at Wedbush from $11.00 to $10.00. They now have an "outperform" rating on the stock.MarketBeat
- The Duckhorn Portfolio Appoints Interim CEO and Industry Veteran Deirdre Mahlan as President and Chief Executive Officer [Yahoo! Finance]Yahoo! Finance
- The Duckhorn Portfolio Appoints Interim CEO and Industry Veteran Deirdre Mahlan as President and Chief Executive OfficerBusiness Wire
- The Duckhorn Portfolio Closes Acquisition of Sonoma-Cutrer VineyardsBusiness Wire
NAPA
Earnings
- 3/7/24 - Beat
NAPA
Sec Filings
- 5/1/24 - Form 4
- 5/1/24 - Form 3
- 5/1/24 - Form 3
- NAPA's page on the SEC website