Castle Brands Inc (NYSE:ROX) had its target price hoisted by Barrington Research from $1.80 to $2.00 in a research note released on Tuesday morning, MarketBeat Ratings reports. Barrington Research currently has an outperform rating on the stock.

Separately, Zacks Investment Research lowered Castle Brands from a hold rating to a sell rating in a research note on Tuesday, July 18th.

Shares of Castle Brands (ROX) opened at 1.37 on Tuesday. The firm has a 50 day moving average price of $1.40 and a 200 day moving average price of $1.65. Castle Brands has a 12-month low of $0.65 and a 12-month high of $2.22. The stock’s market cap is $225.10 million.

Castle Brands (NYSE:ROX) last released its quarterly earnings data on Wednesday, August 9th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $20.85 million during the quarter, compared to the consensus estimate of $18.18 million. Castle Brands had a negative return on equity of 201.80% and a negative net margin of 4.15%. On average, equities analysts expect that Castle Brands will post $0.01 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in ROX. Bank of New York Mellon Corp boosted its stake in Castle Brands by 28.4% during the first quarter. Bank of New York Mellon Corp now owns 67,856 shares of the company’s stock valued at $106,000 after buying an additional 15,007 shares during the last quarter. KCG Holdings Inc. boosted its stake in Castle Brands by 521.1% during the first quarter. KCG Holdings Inc. now owns 179,607 shares of the company’s stock valued at $278,000 after buying an additional 150,688 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Castle Brands by 245.9% during the first quarter. Goldman Sachs Group Inc. now owns 390,787 shares of the company’s stock valued at $606,000 after buying an additional 277,822 shares during the last quarter. Schwab Charles Investment Management Inc. bought a new position in Castle Brands during the second quarter valued at approximately $256,000. Finally, Rhumbline Advisers bought a new position in Castle Brands during the second quarter valued at approximately $141,000.

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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