Castle Brands (ROX) Now Covered by Analysts at Roth Capital

Research analysts at Roth Capital began coverage on shares of Castle Brands (NYSEAMERICAN:ROX) in a report issued on Thursday, MarketBeat reports. The firm set a “buy” rating and a $2.60 price target on the stock. Roth Capital’s target price would indicate a potential upside of 132.14% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Castle Brands from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. TheStreet raised shares of Castle Brands from a “d+” rating to a “c-” rating in a report on Tuesday, November 28th.

Castle Brands (NYSEAMERICAN ROX) traded up $0.01 during trading hours on Thursday, hitting $1.12. 326,844 shares of the stock were exchanged, compared to its average volume of 363,397. Castle Brands has a 52 week low of $0.72 and a 52 week high of $2.22.

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Castle Brands by 30.1% in the second quarter. Vanguard Group Inc. now owns 3,841,633 shares of the company’s stock valued at $6,608,000 after purchasing an additional 889,189 shares in the last quarter. Northern Trust Corp grew its holdings in Castle Brands by 501.7% during the 2nd quarter. Northern Trust Corp now owns 973,335 shares of the company’s stock worth $1,674,000 after acquiring an additional 811,570 shares during the period. State Street Corp acquired a new stake in Castle Brands during the 2nd quarter worth $1,669,000. Bank of New York Mellon Corp grew its holdings in Castle Brands by 256.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 241,969 shares of the company’s stock worth $416,000 after acquiring an additional 174,113 shares during the period. Finally, TIAA CREF Investment Management LLC acquired a new stake in Castle Brands during the 2nd quarter worth $401,000.

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Castle Brands Company Profile

Castle Brands Inc develops and markets premium and super premium brands in the beverage alcohol categories. The Company is engaged in the sale of premium beverage alcohol. Its beverage alcohol categories include rum, whiskey, liqueurs, vodka and tequila. Its brands include Gosling’s rum, Gosling’s Stormy Ginger Beer, Gosling’s Dark ‘n Stormy ready-to-drink cocktail, Jefferson’s bourbon, Jefferson’s Reserve, Jefferson’s Ocean Aged at Sea, Jefferson’s Wine Finish Collection, Jefferson’s The Manhattan: Barrel Finished Cocktail, Jefferson’s Chef’s Collaboration, Jefferson’s Wood Experiment, Jefferson’s Presidential Select, Jefferson’s Rye whiskey, Pallini liqueurs, Clontarf Irish whiskey, Knappogue Castle Whiskey, Brady’s Irish Cream, Boru vodka, Tierras tequila, Celtic Honey liqueur and Gozio amaretto.

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