Craft Brew Alliance Inc. (NASDAQ:BREW) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.40 and last traded at $20.08, with a volume of 492,952 shares traded. The stock had previously closed at $21.38.

Several equities research analysts have issued reports on the company. Citigroup Inc. increased their target price on Craft Brew Alliance from $10.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, August 5th. 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 target price on the stock in a research report on Thursday, August 18th. Finally, Sidoti upgraded Craft Brew Alliance from a “neutral” rating to a “buy” rating in a research report on Thursday, August 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $15.00.

The firm has a 50-day moving average of $14.26 and a 200-day moving average of $10.29. The stock has a market cap of $381.85 million and a PE ratio of 367.59.

Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The company had revenue of $62.28 million for the quarter, compared to the consensus estimate of $61.52 million. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.07 earnings per share. Equities analysts expect that Craft Brew Alliance Inc. will post $0.22 EPS for the current year.

In related news, Director John D. Rogers, Jr. sold 12,376 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $20.05, for a total transaction of $248,138.80. Following the completion of the sale, the director now owns 29,301 shares of the company’s stock, valued at $587,485.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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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