“CELH announced that it has begun shipping into an initial 550 CVS Health Corp (CVS – NR) locations. It has also begun shipping into Food Lion’s roughly 1,000 stores and Hannaford’s roughly 180 stores. Both of these grocery chains are owned by global food retailer Ahold Delhaize (AD.AS – NR). We believe there is significant runway with these relationships, including the potential for a national rollout with CVS, and possible expansion through other Ahold Delhaize banners such as Stop & Shop, Giant Landover, Giant Martins, and Peapod.”,” the firm’s analyst wrote.
Other analysts have also issued research reports about the stock. B. Riley set a $8.00 target price on shares of Celsius and gave the company a buy rating in a research report on Tuesday, March 6th. Zacks Investment Research upgraded shares of Celsius from a hold rating to a buy rating and set a $6.00 target price on the stock in a research report on Tuesday, January 2nd. TheStreet lowered shares of Celsius from a c rating to a d+ rating in a research report on Friday, December 1st. Finally, ValuEngine upgraded shares of Celsius from a sell rating to a hold rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $7.33.
Institutional investors have recently modified their holdings of the business. Loeb Partners Corp acquired a new stake in Celsius in the fourth quarter valued at approximately $126,000. BlueCrest Capital Management Ltd acquired a new position in shares of Celsius during the fourth quarter worth $128,000. Monashee Investment Management LLC acquired a new position in shares of Celsius during the fourth quarter worth $146,000. Finally, Millennium Management LLC acquired a new position in shares of Celsius during the fourth quarter worth $456,000. Hedge funds and other institutional investors own 6.50% of the company’s stock.
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Celsius Holdings, Inc is engaged in the development, marketing, sale and distribution of functional calorie-burning fitness beverages under the Celsius brand name. The Company’s product range includes Sparkling Grape Rush, Sparkling Watermelon, Sparkling Orange, Sparkling Wild Berry, Sparkling Cola, Raspberry Acai Green Tea, Peach Mango Green Tea, Flo Fusion Orange and Flo Fusion Berry.
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