Zacks Investment Research Lowers Craft Brew Alliance, Inc. (BREW) to Hold

Craft Brew Alliance, Inc. (NASDAQ:BREW) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Craft Brew Alliance Inc. is engaged in the business of brewing, marketing and selling of craft beers in the United States. The Company operates in two segments: Beer Related operations and Pubs and Other. Craft Brew owns and operates production breweries with adjacent restaurants or pubs in Portland, Oregon, Woodinville, Washington and Portsmouth, New Hampshire and in Kona, Hawaii. It offers its beer products under the Widmer Brothers, Redhook and Kona Brewing brand names. Craft Brew Alliance Inc., formerly known as Craft Brewers Alliance, Inc., is headquartered in Portland, Oregon. “

Shares of Craft Brew Alliance (BREW) remained flat at $17.55 during trading on Monday. 77,382 shares of the company’s stock traded hands. Craft Brew Alliance has a 12 month low of $10.89 and a 12 month high of $22.40. The stock has a market cap of $338.05 million, a P/E ratio of 307.89 and a beta of 0.47. The company has a 50 day moving average of $16.68 and a 200-day moving average of $15.33.

Craft Brew Alliance (NASDAQ:BREW) last announced its earnings results on Wednesday, May 3rd. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.09. The company had revenue of $44.30 million for the quarter. Craft Brew Alliance had a return on equity of 1.25% and a net margin of 0.53%. On average, equities analysts predict that Craft Brew Alliance will post $0.13 EPS for the current year.

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Institutional investors have recently bought and sold shares of the stock. American International Group Inc. boosted its position in Craft Brew Alliance by 7.0% in the first quarter. American International Group Inc. now owns 7,778 shares of the company’s stock valued at $104,000 after buying an additional 510 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Craft Brew Alliance by 2.9% in the first quarter. Parametric Portfolio Associates LLC now owns 16,906 shares of the company’s stock worth $226,000 after buying an additional 476 shares during the period. AQR Capital Management LLC bought a new position in shares of Craft Brew Alliance during the fourth quarter worth about $245,000. Goldman Sachs Group Inc. bought a new position in shares of Craft Brew Alliance during the first quarter worth about $297,000. Finally, Trexquant Investment LP boosted its position in shares of Craft Brew Alliance by 54.3% in the first quarter. Trexquant Investment LP now owns 27,475 shares of the company’s stock worth $367,000 after buying an additional 9,670 shares during the period. Institutional investors and hedge funds own 31.80% of the company’s stock.

About Craft Brew Alliance

Craft Brew Alliance, Inc is a craft brewing company that is engaged in brewing, branding and bringing to market American craft beers. The Company operates through two segments: Beer Related operations, which include the brewing operations and related domestic and international beer and cider sales of its Kona, Widmer Brothers, Redhook and Omission beer brands, and Square Mile cider brand, and Pubs operations, which include its approximately five pubs, over four of which are located adjacent to its Beer Related operations, as well as other merchandise sales, and sales of its beers directly to customers.

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