Craft Brew Alliance Inc. (NASDAQ:BREW) hit a new 52-week high on Friday . The stock traded as high as $11.80 and last traded at $11.75, with a volume of 39,826 shares traded. The stock had previously closed at $10.96.

A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, April 19th. Citigroup Inc. decreased their target price on shares of Craft Brew Alliance from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, June 15th.

The firm’s 50 day moving average price is $9.97 and its 200 day moving average price is $8.62. The company has a market capitalization of $226.79 million and a price-to-earnings ratio of 1313.33.

Craft Brew Alliance (NASDAQ:BREW) last posted its quarterly earnings results on Wednesday, May 4th. The company reported ($0.17) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.12. The firm had revenue of $39.22 million for the quarter, compared to analyst estimates of $39.39 million. During the same quarter in the previous year, the business posted ($0.06) earnings per share. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. On average, equities analysts anticipate that Craft Brew Alliance Inc. will post $0.20 EPS for the current year.

A hedge fund recently raised its stake in Craft Brew Alliance stock. Dimensional Fund Advisors LP boosted its position in shares of Craft Brew Alliance Inc. (NASDAQ:BREW) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,078,300 shares of the company’s stock after buying an additional 35,330 shares during the period. Dimensional Fund Advisors LP owned approximately 5.62% of Craft Brew Alliance worth $9,025,000 as of its most recent filing with the SEC.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.