Shares of Craft Brew Alliance Inc (NASDAQ:BREW) have received an average recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $13.13.
Several research analysts have commented on the stock. TheStreet downgraded shares of Craft Brew Alliance from a “c-” rating to a “d+” rating in a research report on Thursday, September 19th. Cowen cut Craft Brew Alliance from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 27th. MKM Partners began coverage on Craft Brew Alliance in a report on Thursday, September 19th. They issued a “neutral” rating and a $16.00 target price on the stock. ValuEngine upgraded Craft Brew Alliance from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Maxim Group cut Craft Brew Alliance from a “buy” rating to a “hold” rating and boosted their price target for the stock from $16.00 to $16.50 in a report on Tuesday, November 12th.
Shares of Craft Brew Alliance stock opened at $16.48 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. Craft Brew Alliance has a 12-month low of $7.11 and a 12-month high of $17.40. The company has a market capitalization of $320.80 million, a price-to-earnings ratio of 78.48 and a beta of 0.96. The firm’s 50-day moving average price is $11.44 and its two-hundred day moving average price is $12.41.
Craft Brew Alliance (NASDAQ:BREW) last issued its earnings results on Tuesday, November 12th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). Craft Brew Alliance had a negative net margin of 3.10% and a negative return on equity of 3.32%. The firm had revenue of $50.30 million during the quarter, compared to analyst estimates of $56.88 million. The business’s revenue was down 9.5% on a year-over-year basis. On average, sell-side analysts expect that Craft Brew Alliance will post -0.01 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in BREW. Nuveen Asset Management LLC bought a new position in Craft Brew Alliance during the 2nd quarter valued at about $2,092,000. BlackRock Inc. increased its position in Craft Brew Alliance by 16.1% during the second quarter. BlackRock Inc. now owns 784,658 shares of the company’s stock valued at $10,977,000 after acquiring an additional 109,016 shares during the last quarter. Morgan Stanley lifted its holdings in Craft Brew Alliance by 97.1% during the second quarter. Morgan Stanley now owns 135,167 shares of the company’s stock worth $1,891,000 after buying an additional 66,590 shares during the period. Walleye Trading LLC purchased a new stake in shares of Craft Brew Alliance during the 2nd quarter worth $440,000. Finally, Monarch Partners Asset Management LLC acquired a new stake in Craft Brew Alliance in the third quarter valued at approximately $253,000. 42.14% of the stock is currently owned by institutional investors.
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, Omission, Appalachian Mountain, Cisco, Redhook, Widmer Brothers, and Wynwood brands; and ciders under the Square Mile brand name.
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