DavidsTea (DTEA) Raised to “Hold” at ValuEngine

DavidsTea (NASDAQ:DTEA) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other research analysts also recently weighed in on DTEA. BMO Capital Markets set a $4.00 target price on shares of DavidsTea and gave the company a “hold” rating in a research report on Thursday, December 14th. Zacks Investment Research raised shares of DavidsTea from a “sell” rating to a “hold” rating in a research report on Thursday, December 28th.

Shares of DavidsTea (NASDAQ:DTEA) opened at $3.85 on Friday. DavidsTea has a 12-month low of $3.25 and a 12-month high of $7.95. The stock has a market cap of $99.50, a price-to-earnings ratio of -12.42 and a beta of 0.82.

DavidsTea (NASDAQ:DTEA) last issued its quarterly earnings data on Thursday, December 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. The company had revenue of $34.40 million for the quarter.

An institutional investor recently bought a new position in DavidsTea stock. Renaissance Technologies LLC bought a new stake in DavidsTea Inc (NASDAQ:DTEA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 48,900 shares of the company’s stock, valued at approximately $191,000. Renaissance Technologies LLC owned approximately 0.19% of DavidsTea at the end of the most recent quarter. 12.01% of the stock is owned by institutional investors.

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DavidsTea Company Profile

DAVIDsTEA Inc is engaged in the retail and online sale of tea, tea accessories, and food and beverages in Canada and in the United States. The Company’s segments include Canada and the U.S. The Company is a branded retailer of specialty tea, offering approximately 150 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, accessories, and food and beverages primarily through approximately 190 DAVIDsTEA stores, which are operated by the Company, and its Website, davidstea.com.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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