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

Roth Capital began coverage on shares of Castle Brands (NYSEAMERICAN:ROX) in a report released on Thursday, Marketbeat.com reports. The brokerage issued a buy rating and a $2.60 price target on the stock.

Other research analysts also recently issued reports about the company. TheStreet raised Castle Brands from a d+ rating to a c- rating in a research note on Tuesday, November 28th. Zacks Investment Research raised Castle Brands from a sell rating to a hold rating in a research note on Wednesday, December 6th.

Castle Brands (NYSEAMERICAN ROX) opened at $1.11 on Thursday. Castle Brands has a 52 week low of $0.72 and a 52 week high of $2.22.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Castle Brands by 30.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,841,633 shares of the company’s stock worth $6,608,000 after buying an additional 889,189 shares during the period. Northern Trust Corp raised its stake 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 buying an additional 811,570 shares during the period. State Street Corp acquired a new position in Castle Brands during the 2nd quarter worth approximately $1,669,000. Bank of New York Mellon Corp raised its stake 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 buying an additional 174,113 shares during the period. Finally, TIAA CREF Investment Management LLC acquired a new position in Castle Brands during the 2nd quarter worth approximately $401,000.

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About Castle Brands

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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