Tilray Brands, Inc. (NASDAQ:TLRY – Get Free Report) was down 4.2% during mid-day trading on Friday. The stock traded as low as $2.48 and last traded at $2.53. Approximately 4,775,734 shares changed hands during trading, an increase of 13% from the average session volume of 4,226,599 shares. The stock had previously closed at $2.64.
Trending Headlines about Tilray Brands
Here are the key news stories impacting Tilray Brands this week:
- Positive Sentiment: Tilray completed the consolidation of its U.S. brewing operations from 10 facilities to six and is pursuing additional savings in manufacturing, logistics, warehousing and procurement. Management expects approximately $20 million in annualized cost savings by fiscal 2028 and reaffirmed fiscal 2027 adjusted EBITDA guidance of $68 million to $75 million. Tilray Brands Announces Next Phase of Beverage Transformation
- Positive Sentiment: The planned Carlsberg U.S. partnership, beginning January 1, 2027, is expected to add beverage volume through Tilray’s existing production and distribution network. Tilray is targeting one million cases in first-year sales, while Jefferies raised its price target to $13 from $12 and cited potential higher-return growth. Tilray’s beverage business poised for volume growth as Carlsberg deal date nears
- Positive Sentiment: Options activity was unusually elevated, with traders purchasing 16,801 call options—83% above average call volume. This may indicate increased speculative interest or bullish positioning, although it does not guarantee sustained buying in the shares.
- Neutral Sentiment: Tilray subsidiary Breckenridge Distillery launched a limited-edition bourbon with the University of Denver. The product supports hockey scholarships, but its likely financial impact on Tilray is limited. Breckenridge Distillery and University of Denver Athletics Release Limited-Edition Whiskey
- Neutral Sentiment: A comparison of Canopy Growth and Tilray highlights the companies’ quarterly revenue scale and consistency, but the available report details do not identify a specific new change to Tilray’s outlook. Canopy Growth vs. Tilray Brands: Quarterly Revenue Scale and Consistency in Cannabis
Analysts Set New Price Targets
A number of research firms have weighed in on TLRY. Zacks Research lowered shares of Tilray Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 29th. Wall Street Zen downgraded Tilray Brands from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. TD dropped their price objective on Tilray Brands from $4.70 to $4.50 and set a “buy” rating on the stock in a research note on Monday, October 5th. TD Cowen decreased their target price on Tilray Brands from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, July 14th. Finally, TD Securities raised Tilray Brands to a “strong-buy” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.90.
Check Out Our Latest Stock Analysis on TLRY
Tilray Brands Trading Down 4.2%
The company has a market cap of $373.90 million, a price-to-earnings ratio of -1.81 and a beta of 1.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.11 and a current ratio of 1.88. The business’s 50 day moving average price is $3.83 and its 200-day moving average price is $5.54.
Tilray Brands (NASDAQ:TLRY – Get Free Report) last released its quarterly earnings data on Thursday, October 8th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.16. The company had revenue of $257.15 million for the quarter, compared to analyst estimates of $266.26 million. Tilray Brands had a negative return on equity of 10.39% and a negative net margin of 16.91%. On average, research analysts forecast that Tilray Brands, Inc. will post -0.52 EPS for the current year.
Insider Buying and Selling
In related news, CFO Carl Merton acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average price of $4.62 per share, with a total value of $46,200.00. Following the acquisition, the chief financial officer directly owned 139,753 shares in the company, valued at $645,658.86. The trade was a 7.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders have bought 15,000 shares of company stock worth $69,225. 1.60% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Tilray Brands
Several hedge funds and other institutional investors have recently made changes to their positions in TLRY. BlackRock Inc. bought a new stake in Tilray Brands during the 2nd quarter worth about $2,073,000. Legal & General Group Plc bought a new stake in shares of Tilray Brands in the 2nd quarter valued at $381,000. Ieq Capital LLC bought a new stake in shares of Tilray Brands in the second quarter worth about $146,000. Deutsche Bank AG bought a new position in Tilray Brands in the second quarter valued at approximately $44,000. Finally, State of Wyoming bought a new stake in Tilray Brands in the 2nd quarter valued at $171,000. 9.35% of the stock is owned by institutional investors and hedge funds.
About Tilray Brands
Tilray Brands, Inc is a global consumer packaged goods company operating across the cannabis, beverage alcohol, wellness and distribution sectors. Its cannabis business includes adult-use and medical cannabis products such as dried flower, pre-rolls, vapes, concentrates, edibles and beverages, marketed under brands including Good Supply, RIFF and Broken Coast.
The company also owns and operates beverage alcohol businesses, including SweetWater Brewing Company, Montauk Brewing Company, Alpine Beer Company, Green Flash Brewing Co and Blue Point Brewing Company.
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