Tilray Brands (NASDAQ:TLRY) Stock Price Down 2.9% – Should You Sell?

Tilray Brands, Inc. (NASDAQ:TLRY)’s stock price traded down 2.9% during mid-day trading on Wednesday. The company traded as low as $2.62 and last traded at $2.69. Approximately 4,337,976 shares traded hands during trading, an increase of 3% from the average session volume of 4,208,672 shares. The stock had previously closed at $2.77.

Key Tilray Brands News

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 analysts recently weighed in on TLRY shares. TD Cowen reduced their price objective on Tilray Brands from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, July 14th. ATB Cormark Capital Markets decreased 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. Canaccord Genuity Group cut their target price on Tilray Brands from $4.50 to $4.00 and set a “hold” rating on the stock in a report on Friday, October 9th. Wall Street Zen downgraded Tilray Brands from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Finally, TD reduced their price target on Tilray Brands from $4.70 to $4.50 and set a “buy” rating on the stock in a research report on Monday, October 5th. One 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Tilray Brands has an average rating of “Hold” and an average target price of $5.90.

Tilray Brands Price Performance

The company has a fifty day moving average of $3.83 and a 200-day moving average of $5.54. The firm has a market cap of $373.90 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 current ratio of 1.88 and a quick ratio of 1.11.

Tilray Brands (NASDAQ:TLRY) last announced its earnings results on Thursday, October 8th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.16. The firm had revenue of $257.15 million for the quarter, compared to the consensus estimate 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, sell-side analysts anticipate that Tilray Brands, Inc. will post -0.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tilray Brands news, CFO Carl Merton acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost of $4.62 per share, with a total value of $46,200.00. Following the acquisition, the chief financial officer owned 139,753 shares in the company, valued at approximately $645,658.86. This represents a 7.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have bought a total of 15,000 shares of company stock worth $69,225 in the last three months. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Tilray Brands

Large investors have recently added to or reduced their stakes in the business. State of Wyoming grew its stake in Tilray Brands by 114.2% in the 3rd quarter. State of Wyoming now owns 81,502 shares of the company’s stock worth $306,000 after buying an additional 43,448 shares in the last quarter. SLT Holdings LLC purchased a new position in shares of Tilray Brands during the 3rd quarter valued at about $247,000. Engineers Gate Manager LP lifted its position in Tilray Brands by 124.1% in the 2nd quarter. Engineers Gate Manager LP now owns 60,839 shares of the company’s stock worth $273,000 after buying an additional 33,688 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Tilray Brands in the 2nd quarter worth approximately $27,000. Finally, Squarepoint Ops LLC purchased a new stake in Tilray Brands during the second quarter valued at about $192,000. 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.