Shares of Craft Brew Alliance Inc. (NASDAQ:BREW) reached a new 52-week high during trading on Friday . The company traded as high as $11.80 and last traded at $11.75, with a volume of 39,826 shares changing hands. The stock had previously closed at $10.96.

A number of equities analysts have recently weighed in on BREW shares. Zacks Investment Research downgraded Craft Brew Alliance from a “hold” rating to a “sell” rating in a report on Wednesday, April 6th. Citigroup Inc. dropped their target price on Craft Brew Alliance from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, June 15th.

The firm’s 50-day moving average price is $9.97 and its 200 day moving average price is $8.62. The firm has a market cap of $226.79 million and a P/E ratio of 1313.33.

Craft Brew Alliance (NASDAQ:BREW) last announced its earnings results on Wednesday, May 4th. The company reported ($0.17) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.12. The firm earned $39.22 million during the quarter, compared to the consensus estimate of $39.39 million. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.06) EPS. Analysts forecast that Craft Brew Alliance Inc. will post $0.20 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Craft Brew Alliance stock. Neuberger Berman Group LLC boosted its position in Craft Brew Alliance Inc. (NASDAQ:BREW) by 3.2% during the fourth quarter, Holdings Channel reports. The fund owned 159,550 shares of the company’s stock after buying an additional 4,900 shares during the period. Neuberger Berman Group LLC owned approximately 0.83% of Craft Brew Alliance worth $1,335,000 as of its most recent filing with the SEC.

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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