Barrington Research set a $2.00 target price on Castle Brands (NYSEAMERICAN:ROX) in a research report report published on Tuesday morning. The firm currently has a buy rating on the stock.

Castle Brands stock opened at $0.99 on Tuesday. Castle Brands has a twelve month low of $0.90 and a twelve month high of $1.47.

Castle Brands (NYSEAMERICAN:ROX) last posted its earnings results on Thursday, August 9th. The company reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.01). Castle Brands had a return on equity of 55.84% and a net margin of 2.76%. The business had revenue of $23.10 million during the quarter, compared to the consensus estimate of $22.48 million.

Several institutional investors have recently bought and sold shares of ROX. Creative Planning bought a new stake in shares of Castle Brands in the 2nd quarter worth about $136,000. Deutsche Bank AG boosted its stake in shares of Castle Brands by 125.6% during the 4th quarter. Deutsche Bank AG now owns 195,596 shares of the company’s stock worth $237,000 after purchasing an additional 108,907 shares during the period. Millennium Management LLC boosted its stake in shares of Castle Brands by 4.6% during the 1st quarter. Millennium Management LLC now owns 1,230,000 shares of the company’s stock worth $1,525,000 after purchasing an additional 54,400 shares during the period. Hartline Investment Corp boosted its stake in shares of Castle Brands by 2.6% during the 2nd quarter. Hartline Investment Corp now owns 3,090,860 shares of the company’s stock worth $3,678,000 after purchasing an additional 78,233 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of Castle Brands by 19.8% during the 2nd quarter. BlackRock Inc. now owns 4,717,957 shares of the company’s stock worth $5,614,000 after purchasing an additional 778,334 shares during the period.

About Castle Brands

Castle Brands Inc, together with its subsidiaries, develops, markets, imports, and sells beverage alcohol and non-alcoholic beverage products in the United States, Canada, Europe, and Asia. The company offers premium and super premium rums, whiskey, liqueurs, vodka, tequila, wine, amaretto, and other spirits, as well as ginger beer and ready-to-drink cocktails.

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