Craft Brew Alliance Inc (BREW) Given Average Rating of “Hold” by Brokerages

Craft Brew Alliance Inc (NASDAQ:BREW) has received an average recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $20.25.

BREW has been the subject of a number of research reports. Zacks Investment Research lowered shares of Craft Brew Alliance from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. BidaskClub lowered shares of Craft Brew Alliance from a “buy” rating to a “hold” rating in a report on Thursday, July 19th. Finally, ValuEngine lowered shares of Craft Brew Alliance from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th.

A number of hedge funds and other institutional investors have recently modified their holdings of BREW. Wells Fargo & Company MN raised its holdings in Craft Brew Alliance by 5.9% in the 1st quarter. Wells Fargo & Company MN now owns 50,330 shares of the company’s stock valued at $936,000 after buying an additional 2,816 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Craft Brew Alliance by 12.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 26,500 shares of the company’s stock worth $493,000 after purchasing an additional 3,000 shares during the last quarter. Northern Trust Corp raised its holdings in Craft Brew Alliance by 2.4% during the 1st quarter. Northern Trust Corp now owns 151,451 shares of the company’s stock worth $2,817,000 after purchasing an additional 3,500 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Craft Brew Alliance by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,287,495 shares of the company’s stock worth $23,947,000 after purchasing an additional 18,168 shares during the last quarter. Finally, Barclays PLC raised its holdings in Craft Brew Alliance by 28.9% during the 1st quarter. Barclays PLC now owns 37,477 shares of the company’s stock worth $696,000 after purchasing an additional 8,392 shares during the last quarter. Institutional investors and hedge funds own 37.29% of the company’s stock.

NASDAQ BREW traded down $0.07 during trading hours on Friday, reaching $18.05. The company’s stock had a trading volume of 2,616 shares, compared to its average volume of 150,533. The firm has a market cap of $353.76 million, a PE ratio of 128.57 and a beta of 0.64. Craft Brew Alliance has a 52 week low of $15.76 and a 52 week high of $21.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.57 and a quick ratio of 1.19.

Craft Brew Alliance (NASDAQ:BREW) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.10. The business had revenue of $61.80 million during the quarter, compared to analyst estimates of $61.70 million. Craft Brew Alliance had a net margin of 6.62% and a return on equity of 5.61%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $0.09 EPS. As a group, research analysts anticipate that Craft Brew Alliance will post 0.43 earnings per share for the current fiscal year.

About Craft Brew Alliance

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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