Craft Brew Alliance Inc. (BREW) Trading Down 6.2%
Craft Brew Alliance Inc. (NASDAQ:BREW) traded down 6.2% during mid-day trading on Tuesday . The company traded as low as $14.90 and last traded at $15.00, with a volume of 97,533 shares traded. The stock had previously closed at $15.99.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Craft Brew Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, April 19th. Citigroup Inc. increased their price objective on Craft Brew Alliance from $10.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Sidoti upgraded Craft Brew Alliance from a “neutral” rating to a “buy” rating in a research report on Thursday, August 4th.
The stock has a 50 day moving average price of $11.62 and a 200 day moving average price of $9.28. The firm has a market cap of $281.63 million and a P/E ratio of 271.11.
Craft Brew Alliance (NASDAQ:BREW) last posted its earnings results on Wednesday, August 3rd. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.02. During the same period in the previous year, the business posted $0.07 earnings per share. The business had revenue of $62.28 million for the quarter, compared to analyst estimates of $61.52 million. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts expect that Craft Brew Alliance Inc. will post $0.19 EPS for the current fiscal year.
An institutional investor recently raised its position in Craft Brew Alliance stock. Dimensional Fund Advisors LP raised its position in shares of Craft Brew Alliance Inc. (NASDAQ:BREW) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 about 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.
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