Craft Brew Alliance (NASDAQ:BREW) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, September 18th.
A number of other analysts also recently issued reports on the stock. BidaskClub downgraded shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a report on Friday, August 31st. Zacks Investment Research downgraded shares of Craft Brew Alliance from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. Finally, Citigroup lifted their price objective on shares of Craft Brew Alliance from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, July 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $20.50.
NASDAQ:BREW traded up $0.15 during trading hours on Tuesday, hitting $16.94. The stock had a trading volume of 95,381 shares, compared to its average volume of 89,504. 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 has a one year low of $15.76 and a one year high of $21.00. The company has a market cap of $316.58 million, a price-to-earnings ratio of 121.00 and a beta of 0.65.
Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.10. Craft Brew Alliance had a net margin of 6.62% and a return on equity of 5.61%. The firm had revenue of $61.80 million during the quarter, compared to the consensus estimate of $61.70 million. During the same period last year, the firm earned $0.09 EPS. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts expect that Craft Brew Alliance will post 0.43 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of BREW. Rehmann Capital Advisory Group purchased a new position in Craft Brew Alliance in the 2nd quarter worth $208,000. Dynamic Technology Lab Private Ltd purchased a new position in Craft Brew Alliance in the 1st quarter worth $217,000. Engineers Gate Manager LP purchased a new position in Craft Brew Alliance in the 2nd quarter worth $272,000. Campbell & CO Investment Adviser LLC purchased a new position in Craft Brew Alliance in the 2nd quarter worth $476,000. Finally, Schwab Charles Investment Management Inc. raised its position in Craft Brew Alliance by 12.8% in 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 period. Institutional investors own 37.26% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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