Craft Brew Alliance Inc. (BREW) Trading Down 6.2%
Craft Brew Alliance Inc. (NASDAQ:BREW) fell 6.2% on Tuesday . The stock traded as low as $14.90 and last traded at $15.00, with a volume of 97,533 shares. The stock had previously closed at $15.99.
Several research firms have recently weighed in on BREW. 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. increased their target price on shares of Craft Brew Alliance from $10.00 to $14.00 and gave the stock a “neutral” rating in a research note on Friday, August 5th. Finally, Sidoti raised shares of Craft Brew Alliance from a “neutral” rating to a “buy” rating in a research note on Thursday, August 4th.
The stock has a 50-day moving average of $11.91 and a 200 day moving average of $9.37. The company has a market cap of $305.87 million and a price-to-earnings ratio of 294.44.
Craft Brew Alliance (NASDAQ:BREW) last announced its earnings results on Wednesday, August 3rd. The company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.02. The firm had revenue of $62.28 million for the quarter, compared to analysts’ expectations of $61.52 million. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 EPS. On average, equities research analysts predict 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 boosted its position in Craft Brew Alliance Inc. (NASDAQ:BREW) by 3.4% during the fourth quarter, according to its most recent filing with the 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 about 5.62% of Craft Brew Alliance worth $9,025,000 at the end of the most recent quarter.
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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