Shares of Craft Brew Alliance Inc. (NASDAQ:BREW) rose 3.4% during mid-day trading 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.

BREW has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Thursday, August 18th. TheStreet raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. Sidoti raised shares of Craft Brew Alliance from a “neutral” rating to a “buy” rating in a research report on Thursday, August 4th. Finally, Citigroup Inc. increased their price target on shares of Craft Brew Alliance from $10.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, August 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $15.00.

The firm has a market cap of $382.82 million and a PE ratio of 368.52. The firm’s 50-day moving average is $13.57 and its 200 day moving average is $9.99.

Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.02. During the same period last year, the firm posted $0.07 EPS. The company earned $62.28 million during the quarter, compared to analysts’ expectations of $61.52 million. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts expect that Craft Brew Alliance Inc. will post $0.20 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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