Craft Brew Alliance Inc. (BREW) Shares Up 3.4%
Craft Brew Alliance Inc. (NASDAQ:BREW) shot up 3.4% on Friday . The company traded as high as $20.50 and last traded at $19.52, with a volume of 536,140 shares traded. The stock had previously closed at $18.87.
A number of equities research analysts have commented on the company. TheStreet upgraded Craft Brew Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. Zacks Investment Research upgraded Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Thursday, August 18th. Citigroup Inc. upped their price target on Craft Brew Alliance from $10.00 to $14.00 and gave the company a “neutral” rating in a research report on Friday, August 5th. Finally, Sidoti upgraded Craft Brew Alliance from a “neutral” rating to a “buy” rating in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $15.00.
The company’s 50 day moving average price is $13.32 and its 200-day moving average price is $9.91. The company has a market cap of $383.20 million and a PE ratio of 368.89.
Craft Brew Alliance (NASDAQ:BREW) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.02. During the same quarter in the previous year, the business earned $0.07 EPS. The company earned $62.28 million during the quarter, compared to the consensus estimate of $61.52 million. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts expect 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.
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