Tilray Brands (NASDAQ:TLRY) Stock Price Down 3.2% – Here’s What Happened

Tilray Brands, Inc. (NASDAQ:TLRY) shares fell 3.2% on Thursday. The stock traded as low as $3.38 and last traded at $3.59. 9,069,010 shares were traded during mid-day trading, an increase of 114% from the average daily volume of 4,232,299 shares. The stock had previously closed at $3.71.

Tilray Brands News Summary

Here are the key news stories impacting Tilray Brands this week:

• Positive Sentiment: Tilray reported record fiscal Q1 2027 revenue of approximately $257.1 million, up 23% year over year, while gross profit increased 35% to $77.5 million and gross margin expanded to 30% from 27%. Tilray fiscal Q1 2027 results
• Positive Sentiment: The beverage business was a key growth driver, generating $101 million in revenue with a 41% gross margin. BrewDog also reached profitability during the quarter, supporting management’s diversification strategy. Tilray record Q1 revenue release
• Positive Sentiment: International operations continued to accelerate, with EMEA revenue rising 71%. Tilray reduced outstanding debt by $42 million during the fiscal year and reaffirmed fiscal 2027 adjusted EBITDA guidance of $68 million to $75 million. Tilray guidance and balance sheet update
• Neutral Sentiment: BrewDog reported strong promotional momentum, including sharply higher recent retail sales, more than 9,000 new distribution points and eight new U.K. partnerships. However, these figures reflect early campaign results and may take time to materially affect Tilray’s financial results. BrewDog Choose Craft campaign
• Negative Sentiment: Revenue of $257.1 million fell short of the approximately $266.3 million analyst consensus. Reports also highlighted declining cannabis sales, raising concern that the company’s core business remains under pressure even as beverages and international operations grow. Tilray Q1 revenue miss
• Negative Sentiment: Although adjusted EPS reportedly beat expectations, Zacks cited a quarterly loss of $0.32 per share versus an expected loss of $0.19, reinforcing concerns about continuing losses and limited profitability. Tilray Q1 earnings report

Analyst Upgrades and Downgrades

TLRY has been the topic of several research reports. ATB Cormark Capital Markets cut their price objective on shares of Tilray Brands from $8.00 to $6.00 and set a “hold” rating on the stock in a report on Monday, September 21st. TD Securities raised Tilray Brands to a “strong-buy” rating in a research report on Friday, July 31st. TD cut their price target on Tilray Brands from $4.70 to $4.50 and set a “buy” rating on the stock in a report on Monday. TD Cowen reduced their price target on Tilray Brands from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Tuesday, July 14th. Finally, Zacks Research cut Tilray Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $6.38.

Tilray Brands Stock Down 3.2%

The company’s fifty day simple moving average is $4.32 and its 200-day simple moving average is $5.05. The firm has a market capitalization of $488.96 million, a PE ratio of -3.32 and a beta of 1.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.21 and a quick ratio of 1.37.

Tilray Brands (NASDAQ:TLRY) last posted its quarterly earnings data 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. Tilray Brands had a negative return on equity of 7.76% and a negative net margin of 13.11%.The firm had revenue of $257.15 million during the quarter, compared to analysts’ expectations of $266.26 million. On average, analysts forecast that Tilray Brands, Inc. will post -0.48 EPS for the current year.

Insiders Place Their Bets

In other Tilray Brands news, CFO Carl Merton purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $4.62 per share, for a total transaction of $46,200.00. Following the completion of the purchase, the chief financial officer owned 139,753 shares of the company’s stock, valued at approximately $645,658.86. The trade was a 7.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders bought a total of 15,000 shares of company stock valued at $69,225 over the last three months. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Tilray Brands

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Tilray Brands in the 2nd quarter worth approximately $2,073,000. Swiss National Bank grew its holdings in shares of Tilray Brands by 4.1% during the first quarter. Swiss National Bank now owns 230,503 shares of the company’s stock valued at $1,491,000 after buying an additional 9,100 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Tilray Brands by 6.1% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 208,229 shares of the company’s stock valued at $935,000 after acquiring an additional 11,894 shares during the period. Dimensional Fund Advisors LP raised its stake in Tilray Brands by 82.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 87,803 shares of the company’s stock worth $568,000 after acquiring an additional 39,801 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in Tilray Brands during the 2nd quarter worth about $381,000. 9.35% of the stock is owned by hedge funds and other institutional investors.

About Tilray Brands

Tilray Brands, Inc is a global consumer packaged goods company focused on cannabis, beverage alcohol, wellness and consumer products. The company develops, produces, distributes and markets a range of cannabis products, including dried flower, pre-rolls, vapes, edibles and medical cannabis products, subject to applicable regulations in the markets it serves.

Tilray also operates beverage alcohol businesses, including craft beer, spirits and other alcoholic beverages. Its portfolio has included brands such as SweetWater Brewing Company, Montauk Brewing Company and Breckenridge Distillery.