DAVIDsTEA (DTEA) PT Set at $4.00 by BMO Capital Markets

BMO Capital Markets set a $4.00 price target on DAVIDsTEA (NASDAQ:DTEA) in a report issued on Thursday morning. The brokerage currently has a hold rating on the stock.

Separately, Zacks Investment Research cut DAVIDsTEA from a hold rating to a sell rating in a report on Tuesday, December 12th.

DAVIDsTEA (NASDAQ:DTEA) traded down $0.05 on Thursday, hitting $3.85. The stock had a trading volume of 22,200 shares, compared to its average volume of 60,725. DAVIDsTEA has a 52 week low of $3.75 and a 52 week high of $7.95.

A hedge fund recently bought a new stake in DAVIDsTEA stock. Vivaldi Asset Management LLC bought a new position in shares of DAVIDsTEA Inc. (NASDAQ:DTEA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 920,230 shares of the company’s stock, valued at approximately $5,383,000. 10.48% of the stock is currently owned by institutional investors.

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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.

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