Craft Brew Alliance Inc (BREW) Sees Unusually-High Trading Volume
Craft Brew Alliance Inc (NASDAQ:BREW) saw unusually-high trading volume on Thursday . Approximately 412,097 shares changed hands during trading, an increase of 87% from the previous session’s volume of 220,644 shares.The stock last traded at $18.25 and had previously closed at $17.71.
BREW has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Thursday, August 18th. TheStreet upgraded shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. Sidoti upgraded shares of Craft Brew Alliance from a “neutral” rating to a “buy” rating in a research report on Thursday, August 4th. Finally, Citigroup Inc. upped their target price on shares of Craft Brew Alliance from $10.00 to $14.00 and gave the company a “neutral” rating in a research report on Friday, August 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $15.00.
The company’s 50-day moving average is $13.32 and its 200 day moving average is $9.91. The stock has a market cap of $363.00 million and a P/E ratio of 349.44.
Craft Brew Alliance (NASDAQ:BREW) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.02. During the same quarter in the previous year, the company posted $0.07 EPS. The company had revenue of $62.28 million for the quarter, compared to the consensus estimate of $61.52 million. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts predict that Craft Brew Alliance Inc will post $0.20 earnings per share for the current fiscal 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.