Craft Brew Alliance Inc. (BREW) Trading Up 2.3%
Craft Brew Alliance Inc. (NASDAQ:BREW)’s share price was up 2.3% during trading on Friday . The stock traded as high as $14.33 and last traded at $14.29, with a volume of 71,826 shares. The stock had previously closed at $13.97.
Several equities analysts recently commented on BREW shares. Zacks Investment Research upgraded Craft Brew Alliance from a “strong sell” rating to a “hold” rating in a research report on Monday, May 9th. Citigroup Inc. reduced their target price on 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. Sidoti upgraded Craft Brew Alliance from a “neutral” rating to a “buy” rating in a research report on Thursday, August 4th. Finally, TheStreet upgraded Craft Brew Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Craft Brew Alliance presently has an average rating of “Buy” and an average price target of $15.00.
The stock has a market capitalization of $274.51 million and a PE ratio of 264.26. The stock has a 50 day moving average of $12.76 and a 200 day moving average of $9.68.
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 company earned $62.28 million during the quarter, compared to the consensus estimate of $61.52 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts forecast that Craft Brew Alliance Inc. will post $0.19 EPS for the current year.
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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