Shares of Craft Brew Alliance (NASDAQ:BREW) have been given an average recommendation of “Buy” by the nine research firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $20.20.
A number of research firms recently commented on BREW. Zacks Investment Research raised shares of Craft Brew Alliance from a “sell” rating to a “hold” rating in a report on Monday, May 14th. BidaskClub upgraded shares of Craft Brew Alliance from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Stifel Nicolaus cut their price objective on shares of Craft Brew Alliance from $21.00 to $18.00 and set a “hold” rating on the stock in a report on Friday, May 11th. BMO Capital Markets assumed coverage on shares of Craft Brew Alliance in a report on Monday, February 5th. They issued a “market perform” rating and a $19.00 price objective on the stock. Finally, Susquehanna Bancshares set a $22.00 price target on shares of Craft Brew Alliance and gave the stock a “buy” rating in a research report on Friday, May 11th.
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Shares of BREW traded down $0.05 during trading hours on Tuesday, hitting $19.60. The stock had a trading volume of 24,976 shares, compared to its average volume of 74,484. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.53 and a quick ratio of 1.04. The company has a market cap of $383.30 million, a PE ratio of 140.00 and a beta of 0.45. Craft Brew Alliance has a 1-year low of $16.40 and a 1-year high of $20.40.
Craft Brew Alliance (NASDAQ:BREW) last posted its earnings results on Wednesday, May 9th. The company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. Craft Brew Alliance had a net margin of 5.38% and a return on equity of 3.62%. The firm had revenue of $47.49 million for the quarter, compared to analysts’ expectations of $43.86 million. During the same quarter last year, the firm earned ($0.09) EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. analysts expect that Craft Brew Alliance will post 0.41 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in BREW. Schwab Charles Investment Management Inc. lifted its stake in shares of Craft Brew Alliance by 45.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 23,500 shares of the company’s stock valued at $452,000 after purchasing an additional 7,300 shares during the period. Wedge Capital Management L L P NC purchased a new position in Craft Brew Alliance during the fourth quarter worth about $1,538,000. Bank of New York Mellon Corp boosted its stake in Craft Brew Alliance by 7.8% during the fourth quarter. Bank of New York Mellon Corp now owns 45,711 shares of the company’s stock worth $878,000 after buying an additional 3,319 shares during the period. BlackRock Inc. boosted its stake in Craft Brew Alliance by 1.3% during the fourth quarter. BlackRock Inc. now owns 576,347 shares of the company’s stock worth $11,067,000 after buying an additional 7,352 shares during the period. Finally, Deutsche Bank AG boosted its stake in Craft Brew Alliance by 6.8% during the fourth quarter. Deutsche Bank AG now owns 62,331 shares of the company’s stock worth $1,195,000 after buying an additional 3,987 shares during the period. Institutional investors and hedge funds own 35.67% of the company’s stock.
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.