Raymond James & Associates lowered its position in shares of Craft Brew Alliance (NASDAQ:BREW) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,568 shares of the company’s stock after selling 4,484 shares during the period. Raymond James & Associates owned 0.89% of Craft Brew Alliance worth $3,294,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of BREW. State Street Corp grew its stake in Craft Brew Alliance by 10.1% in the 2nd quarter. State Street Corp now owns 208,916 shares of the company’s stock worth $3,521,000 after buying an additional 19,235 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Craft Brew Alliance by 15.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,325 shares of the company’s stock worth $207,000 after buying an additional 1,638 shares in the last quarter. Wells Fargo & Company MN grew its stake in Craft Brew Alliance by 14.2% in the 3rd quarter. Wells Fargo & Company MN now owns 54,435 shares of the company’s stock worth $955,000 after buying an additional 6,783 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Craft Brew Alliance by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,275,791 shares of the company’s stock worth $22,390,000 after buying an additional 20,958 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in Craft Brew Alliance in the 3rd quarter worth approximately $248,000. 34.70% of the stock is owned by institutional investors.
A number of equities analysts have commented on BREW shares. Susquehanna Bancshares set a $22.00 price target on shares of Craft Brew Alliance and gave the stock a “buy” rating in a research note on Monday, December 11th. Zacks Investment Research raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research note on Wednesday, January 10th. BidaskClub cut shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Citigroup boosted their price target on shares of Craft Brew Alliance from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. Finally, ValuEngine raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $20.67.
BREW stock opened at $19.65 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.21 and a quick ratio of 1.77. Craft Brew Alliance has a one year low of $12.00 and a one year high of $20.25. The company has a market capitalization of $386.20, a price-to-earnings ratio of 142.86 and a beta of 0.45.
Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings data on Wednesday, March 7th. The company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. The firm had revenue of $45.97 million during the quarter, compared to analyst estimates of $45.93 million. Craft Brew Alliance had a net margin of 4.59% and a return on equity of 2.13%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 EPS. equities research analysts forecast that Craft Brew Alliance will post 0.39 earnings per share for the current fiscal year.
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Craft Brew Alliance Company Profile
Craft Brew Alliance, Inc brews and sells craft beers and ciders in the United States and internationally. It operates through two segments, Beer Related Operations and Brewpubs Operations. It offers beers under the Kona, Widmer Brothers, Redhook, and Omission brands; and ciders under the Square Mile brand name.
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