Shares of Craft Brew Alliance Inc. (NASDAQ:BREW) were up 3.6% during mid-day trading on Monday . The stock traded as high as $12.52 and last traded at $12.24, with a volume of 74,877 shares trading hands. The stock had previously closed at $11.82.

Several analysts recently issued reports on BREW shares. Zacks Investment Research downgraded shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a research report on Thursday, March 17th. Citigroup Inc. reduced their price target on shares of Craft Brew Alliance from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, June 15th.

The stock has a market cap of $233.51 million and a PE ratio of 1352.22. The stock has a 50-day moving average price of $9.97 and a 200-day moving average price of $8.62.

Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.12. During the same period in the prior year, the firm earned ($0.06) EPS. The business earned $39.22 million during the quarter, compared to analysts’ expectations of $39.39 million. The business’s revenue was down 6.0% on a year-over-year basis. On average, analysts anticipate that Craft Brew Alliance Inc. will post $0.20 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Craft Brew Alliance stock. Dimensional Fund Advisors LP increased its stake in shares of Craft Brew Alliance Inc. (NASDAQ:BREW) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,078,300 shares of the company’s stock after buying an additional 35,330 shares during the period. Dimensional Fund Advisors LP owned about 5.62% of Craft Brew Alliance worth $9,025,000 as of its most recent SEC filing.

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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