Stock analysts at BMO Capital Markets started coverage on shares of Craft Brew Alliance (NASDAQ:BREW) in a report released on Monday, February 5th, MarketBeat Ratings reports. The brokerage set a “market perform” rating and a $19.00 price target on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 1.88% from the company’s current price.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Craft Brew Alliance from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Susquehanna Bancshares set a $22.00 target price on Craft Brew Alliance and gave the stock a “buy” rating in a report on Monday, December 11th. Stifel Nicolaus assumed coverage on Craft Brew Alliance in a report on Tuesday, December 5th. They set a “hold” rating and a $19.00 price objective on the stock. Finally, Cowen reiterated a “buy” rating and set a $20.00 target price on shares of Craft Brew Alliance in a research report on Thursday, October 19th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.67.
Craft Brew Alliance (NASDAQ:BREW) traded up $0.25 during midday trading on Monday, reaching $18.65. The company’s stock had a trading volume of 57,000 shares, compared to its average volume of 77,090. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $355.06, a price-to-earnings ratio of 167.27 and a beta of 0.44. Craft Brew Alliance has a one year low of $12.00 and a one year high of $20.10.
Several institutional investors have recently bought and sold shares of the company. Fairpointe Capital LLC acquired a new position in shares of Craft Brew Alliance during the 4th quarter worth about $749,000. MetLife Investment Advisors LLC acquired a new position in shares of Craft Brew Alliance during the 4th quarter worth about $126,000. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Craft Brew Alliance by 243.0% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 48,700 shares of the company’s stock worth $934,000 after buying an additional 34,500 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Craft Brew Alliance by 44.6% in the 4th quarter. Two Sigma Advisers LP now owns 18,800 shares of the company’s stock valued at $361,000 after purchasing an additional 5,800 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new stake in Craft Brew Alliance in the 4th quarter valued at about $192,000. Institutional investors own 34.51% of the company’s stock.
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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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