Other analysts have also issued reports about the stock. Maxim Group began coverage on shares of Craft Brew Alliance in a research report on Friday, May 3rd. They issued a buy rating and a $21.00 price target on the stock. TheStreet lowered shares of Craft Brew Alliance from a b- rating to a c+ rating in a research report on Friday, March 22nd. Finally, Zacks Investment Research upgraded shares of Craft Brew Alliance from a sell rating to a hold rating in a research report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $20.67.
BREW traded up $0.02 on Tuesday, hitting $15.40. 305 shares of the company were exchanged, compared to its average volume of 98,693. The company has a current ratio of 1.13, a quick ratio of 0.72 and a debt-to-equity ratio of 0.53. Craft Brew Alliance has a fifty-two week low of $13.15 and a fifty-two week high of $21.00. The firm has a market capitalization of $297.63 million, a P/E ratio of 73.57 and a beta of 0.40.
Craft Brew Alliance (NASDAQ:BREW) last issued its earnings results on Wednesday, May 8th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.05. Craft Brew Alliance had a negative net margin of 1.58% and a positive return on equity of 0.25%. The company had revenue of $46.99 million for the quarter.
In other news, Director Nickolas A. Mills sold 2,610 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $15.28, for a total value of $39,880.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.80% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in BREW. BNP Paribas Arbitrage SA grew its position in shares of Craft Brew Alliance by 53,180.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,664 shares of the company’s stock valued at $37,000 after purchasing an additional 2,659 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in shares of Craft Brew Alliance in the first quarter valued at approximately $78,000. Financial Advocates Investment Management grew its position in shares of Craft Brew Alliance by 17.7% in the fourth quarter. Financial Advocates Investment Management now owns 6,646 shares of the company’s stock valued at $81,000 after purchasing an additional 1,000 shares during the last quarter. Parametric Portfolio Associates LLC acquired a new stake in shares of Craft Brew Alliance in the first quarter valued at approximately $224,000. Finally, Stone Ridge Asset Management LLC grew its position in shares of Craft Brew Alliance by 58.1% in the fourth quarter. Stone Ridge Asset Management LLC now owns 15,836 shares of the company’s stock valued at $227,000 after purchasing an additional 5,818 shares during the last quarter. Institutional investors and hedge funds own 36.97% 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, Omission, Appalachian Mountain, Cisco, Redhook, Widmer Brothers, and Wynwood brands; and ciders under the Square Mile brand name.
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