Acumen Capital Boosts Brick Brewing (TSE:BRB) Price Target to C$4.80

Brick Brewing (TSE:BRB) had its price target increased by Acumen Capital from C$4.60 to C$4.80 in a research report released on Thursday, January 11th.

Brick Brewing (TSE BRB) opened at C$3.96 on Thursday. The stock has a market cap of $139.64, a price-to-earnings ratio of 44.00 and a beta of 0.04. Brick Brewing has a 1-year low of C$2.55 and a 1-year high of C$4.26.

Brick Brewing (TSE:BRB) last announced its quarterly earnings data on Friday, December 8th. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.02 by C($0.01). Brick Brewing had a net margin of 7.04% and a return on equity of 11.67%.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were given a dividend of $0.02 per share. The ex-dividend date was Monday, January 8th. This is an increase from Brick Brewing’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a yield of 2.02%. Brick Brewing’s payout ratio is currently 53.33%.

In related news, insider Sean Thomas Byrne sold 40,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of C$3.95, for a total transaction of C$158,000.00.

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Brick Brewing Company Profile

Brick Brewing Co Limited produces, sells, markets, and distributes packaged and draft premium beer under the Waterloo brand; and value beer under the Laker, Red Baron, Red Cap, and Formosa brands in Canada and the United States. The company also produces, sells, markets, and distributes vodka and malt based coolers, and ciders under the Seagram Coolers brand, as well as produces, sells, markets, and distributes various beer products under co-packaging agreements.

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