Tilray Brands (NASDAQ:TLRY) Shares Down 1.9% – Time to Sell?

Tilray Brands, Inc. (NASDAQ:TLRY) dropped 1.9% during mid-day trading on Thursday. The company traded as low as $2.62 and last traded at $2.64. 4,148,703 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 4,223,505 shares. The stock had previously closed at $2.69.

Tilray Brands News Summary

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

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Zacks Research cut shares of Tilray Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 29th. TD Cowen reduced their price target on Tilray Brands from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, July 14th. TD Securities upgraded Tilray Brands to a “strong-buy” rating in a research note on Friday, July 31st. Weiss Ratings cut Tilray Brands from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 23rd. Finally, ATB Cormark Capital Markets dropped their price objective on Tilray Brands from $8.00 to $6.00 and set a “hold” rating for the company in a report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Tilray Brands presently has an average rating of “Hold” and an average price target of $5.90.

Tilray Brands Stock Down 4.2%

The firm’s fifty day moving average is $3.79 and its 200-day moving average is $5.51. The company has a market capitalization of $373.91 million, a P/E 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.

Tilray Brands (NASDAQ:TLRY) last announced its quarterly earnings results on Thursday, October 8th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.16. Tilray Brands had a negative return on equity of 10.39% and a negative net margin of 16.91%. The company had revenue of $257.15 million during the quarter, compared to analysts’ expectations of $266.26 million. As a group, equities research analysts predict that Tilray Brands, Inc. will post -0.52 EPS for the current year.

Insider Buying and Selling at Tilray Brands

In related news, CFO Carl Merton acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was acquired at an average cost of $4.62 per share, for a total transaction of $46,200.00. Following the completion of the acquisition, the chief financial officer directly owned 139,753 shares of the company’s stock, valued at approximately $645,658.86. This trade represents a 7.71% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have acquired a total of 15,000 shares of company stock valued at $69,225 over the last quarter. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Tilray Brands in the second quarter valued at approximately $2,073,000. Centaurus Financial Inc. purchased a new stake in shares of Tilray Brands during the 2nd quarter valued at $58,000. Hsbc Holdings PLC bought a new stake in shares of Tilray Brands in the 2nd quarter worth approximately $182,000. Ieq Capital LLC bought a new stake in Tilray Brands in the 2nd quarter valued at about $146,000. Finally, State of Wyoming purchased a new stake in Tilray Brands during the second quarter valued at about $171,000. Institutional investors own 9.35% of the company’s stock.

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.