Shares of Craft Brew Alliance, Inc. (NASDAQ:BREW) have been given a consensus recommendation of “Buy” by the six research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $20.75.
BREW has been the topic of a number of recent analyst reports. Cowen reiterated a “buy” rating and issued a $20.00 price objective on shares of Craft Brew Alliance in a research report on Thursday, October 19th. Zacks Investment Research upgraded Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, October 17th. Susquehanna Bancshares set a $22.00 price objective on Craft Brew Alliance and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, Stifel Nicolaus initiated coverage on Craft Brew Alliance in a research report on Tuesday, December 5th. They issued a “hold” rating and a $19.00 price objective on the stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BREW. The Manufacturers Life Insurance Company raised its position in Craft Brew Alliance by 15.3% during the second quarter. The Manufacturers Life Insurance Company now owns 12,325 shares of the company’s stock valued at $207,000 after purchasing an additional 1,638 shares in the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in Craft Brew Alliance during the third quarter valued at about $248,000. Perkins Capital Management Inc. raised its position in Craft Brew Alliance by 41.4% during the fourth quarter. Perkins Capital Management Inc. now owns 17,750 shares of the company’s stock valued at $341,000 after purchasing an additional 5,200 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Craft Brew Alliance by 17.7% during the second quarter. Goldman Sachs Group Inc. now owns 26,193 shares of the company’s stock valued at $441,000 after purchasing an additional 3,937 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Craft Brew Alliance by 45.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 23,500 shares of the company’s stock valued at $452,000 after purchasing an additional 7,300 shares in the last quarter. Institutional investors and hedge funds own 34.29% of the company’s stock.
Shares of Craft Brew Alliance (NASDAQ:BREW) traded down $0.45 during mid-day trading on Wednesday, hitting $19.35. The company had a trading volume of 109,275 shares, compared to its average volume of 78,956. The company has a quick ratio of 1.18, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. Craft Brew Alliance has a one year low of $12.00 and a one year high of $20.10. The stock has a market capitalization of $379.18, a P/E ratio of 218.00 and a beta of 0.47.
Craft Brew Alliance (NASDAQ:BREW) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. Craft Brew Alliance had a return on equity of 1.79% and a net margin of 0.85%. The company had revenue of $60.04 million for the quarter, compared to the consensus estimate of $57.13 million. During the same quarter last year, the business posted $0.03 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. sell-side analysts predict that Craft Brew Alliance will post 0.12 earnings per share for the current fiscal year.
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About Craft Brew Alliance
Craft Brew Alliance, Inc is a craft brewing company that is engaged in brewing, branding and bringing to market American craft beers. The Company operates through two segments: Beer Related operations, which include the brewing operations and related domestic and international beer and cider sales of its Kona, Widmer Brothers, Redhook and Omission beer brands, and Square Mile cider brand, and Pubs operations, which include its approximately five pubs, over four of which are located adjacent to its Beer Related operations, as well as other merchandise sales, and sales of its beers directly to customers.
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