Craft Brew Alliance Inc. (BREW) Sets New 52-Week High at $16.05
Craft Brew Alliance Inc. (NASDAQ:BREW) hit a new 52-week high on Thursday . The stock traded as high as $16.05 and last traded at $15.69, with a volume of 91,605 shares traded. The stock had previously closed at $15.59.
Several equities research analysts have weighed in on the company. Citigroup Inc. boosted their price objective on Craft Brew Alliance from $10.00 to $14.00 and gave the stock a “neutral” rating in a research note on Friday, August 5th. Zacks Investment Research raised Craft Brew Alliance from a “strong sell” rating to a “hold” rating in a research note on Monday, July 11th. Finally, Sidoti raised Craft Brew Alliance from a “neutral” rating to a “buy” rating in a research note on Thursday, August 4th.
The firm has a market cap of $297.21 million and a PE ratio of 286.11. The company’s 50-day moving average price is $11.91 and its 200-day moving average price is $9.37.
Craft Brew Alliance (NASDAQ:BREW) last posted its earnings results on Wednesday, August 3rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.02. The firm had revenue of $62.28 million for the quarter, compared to analyst estimates of $61.52 million. During the same quarter in the prior year, the firm posted $0.07 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts forecast that Craft Brew Alliance Inc. will post $0.19 EPS for the current year.
A hedge fund recently raised its stake in Craft Brew Alliance stock. Dimensional Fund Advisors LP increased 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 fund 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 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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