DavidsTea Inc. (NASDAQ:DTEA)’s share price fell 0.2% on Friday . The company traded as low as $13.76 and last traded at $13.84, with a volume of 56,406 shares changing hands. The stock had previously closed at $13.87.

A number of research firms have recently weighed in on DTEA. BMO Capital Markets raised shares of DavidsTea from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $13.00 to $16.00 in a research report on Thursday. Zacks Investment Research lowered shares of DavidsTea from a “hold” rating to a “sell” rating in a research report on Thursday, June 9th.

The company has a 50-day moving average of $12.46 and a 200 day moving average of $11.39. The company’s market capitalization is $339.18 million.

DavidsTea (NASDAQ:DTEA) last released its earnings results on Wednesday, June 8th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The company had revenue of $44.50 million for the quarter. The business’s revenue was up 24.3% on a year-over-year basis. On average, equities research analysts expect that DavidsTea Inc. will post $0.53 EPS for the current fiscal year.

Other institutional investors have bought and sold shares of the company. I.G. Investment Management LTD. raised its position in DavidsTea by 1.1% in the fourth quarter. I.G. Investment Management LTD. now owns 146,200 shares of the company’s stock valued at $1,811,000 after buying an additional 1,600 shares during the period. Janus Capital Management raised its position in DavidsTea by 64.6% in the third quarter. Janus Capital Management now owns 299,949 shares of the company’s stock valued at $4,697,000 after buying an additional 117,699 shares during the period. CI Investments Inc. raised its position in DavidsTea by 11.8% in the fourth quarter. CI Investments Inc. now owns 390,000 shares of the company’s stock valued at $4,832,000 after buying an additional 41,300 shares during the period. Finally, Jennison Associates LLC raised its position in DavidsTea by 1.6% in the fourth quarter. Jennison Associates LLC now owns 880,679 shares of the company’s stock valued at $10,912,000 after buying an additional 13,712 shares during the period.

DavidsTea Inc is a beverage company, which offers various selection of loose-leaf teas, pre-packaged teas, tea sachets, and tea-related gifts and accessories. The Company operates through two segments: Canada and the United States. The Company is engaged in the retail of tea and related tea-products.

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