Craft Brew Alliance Inc. (BREW) Trading 3.6% Higher
Craft Brew Alliance Inc. (NASDAQ:BREW)’s share price traded up 3.6% on Monday . The company 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.
BREW has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Craft Brew Alliance from a “strong sell” rating to a “hold” rating in a report on Monday. Citigroup Inc. reduced their target price on shares of 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 is $10.24 and its 200-day moving average is $8.66. The firm has a market cap of $240.73 million and a price-to-earnings ratio of 1394.0668.
Craft Brew Alliance (NASDAQ:BREW) last released its earnings results on Wednesday, May 4th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.12. The company had revenue of $39.22 million for the quarter, compared to analyst estimates of $39.39 million. Craft Brew Alliance’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share. Equities research 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. Dimensional Fund Advisors LP boosted its position in shares of Craft Brew Alliance Inc. (NASDAQ:BREW) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.
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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