Craft Brew Alliance Inc (BREW) Receives $19.50 Consensus Price Target from Brokerages

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Craft Brew Alliance Inc (NASDAQ:BREW) has received an average rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $19.50.

A number of brokerages have recently commented on BREW. BidaskClub raised Craft Brew Alliance from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. Zacks Investment Research lowered Craft Brew Alliance from a “hold” rating to a “sell” rating in a report on Wednesday, November 14th. ValuEngine lowered Craft Brew Alliance from a “buy” rating to a “hold” rating in a report on Monday, November 26th. Finally, Citigroup set a $19.00 price objective on Craft Brew Alliance and gave the company a “hold” rating in a report on Monday, November 12th.

A number of large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Craft Brew Alliance by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,318,437 shares of the company’s stock valued at $21,556,000 after purchasing an additional 9,238 shares during the period. BlackRock Inc. boosted its stake in Craft Brew Alliance by 5.0% during the 3rd quarter. BlackRock Inc. now owns 689,002 shares of the company’s stock valued at $11,264,000 after purchasing an additional 33,013 shares during the period. Vanguard Group Inc boosted its stake in Craft Brew Alliance by 11.2% during the 3rd quarter. Vanguard Group Inc now owns 542,929 shares of the company’s stock valued at $8,877,000 after purchasing an additional 54,590 shares during the period. Vanguard Group Inc. boosted its stake in Craft Brew Alliance by 11.2% during the 3rd quarter. Vanguard Group Inc. now owns 542,929 shares of the company’s stock valued at $8,877,000 after purchasing an additional 54,590 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Craft Brew Alliance by 74.3% during the 3rd quarter. Renaissance Technologies LLC now owns 296,148 shares of the company’s stock valued at $4,842,000 after purchasing an additional 126,200 shares during the period. Hedge funds and other institutional investors own 38.26% of the company’s stock.

BREW stock traded up $0.36 during mid-day trading on Wednesday, hitting $15.51. The stock had a trading volume of 57,999 shares, compared to its average volume of 53,300. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.63 and a quick ratio of 1.16. Craft Brew Alliance has a 1-year low of $13.64 and a 1-year high of $21.00. The firm has a market cap of $291.89 million, a P/E ratio of 110.79 and a beta of 0.38.

Craft Brew Alliance (NASDAQ:BREW) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.00 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.13). The company had revenue of $55.64 million for the quarter, compared to analyst estimates of $57.93 million. Craft Brew Alliance had a net margin of 5.86% and a return on equity of 4.20%. The business’s revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 EPS. As a group, research analysts expect that Craft Brew Alliance will post 0.26 EPS for the current year.

Craft Brew Alliance Company Profile

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.

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