TheStreet upgraded shares of Castle Brands (NYSEAMERICAN:ROX) from a d+ rating to a c- rating in a research note released on Tuesday.

Several other research firms also recently weighed in on ROX. Barrington Research raised their price target on Castle Brands from $1.80 to $2.00 and gave the stock an outperform rating in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded Castle Brands from a hold rating to a sell rating in a research report on Friday, October 6th.

Castle Brands (ROX) opened at $1.19 on Tuesday. Castle Brands has a 1 year low of $0.65 and a 1 year high of $2.22.

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Castle Brands by 256.6% during the second quarter. Bank of New York Mellon Corp now owns 241,969 shares of the company’s stock worth $416,000 after purchasing an additional 174,113 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new stake in shares of Castle Brands during the second quarter worth $256,000. Vanguard Group Inc. boosted its holdings in shares of Castle Brands by 30.1% during the second quarter. Vanguard Group Inc. now owns 3,841,633 shares of the company’s stock worth $6,608,000 after purchasing an additional 889,189 shares during the last quarter. Teachers Advisors LLC acquired a new stake in shares of Castle Brands during the second quarter worth $266,000. Finally, TIAA CREF Investment Management LLC acquired a new stake in shares of Castle Brands during the second 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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