Craft Brew Alliance Inc. (NASDAQ:BREW) dropped 5.8% during trading on Monday . The company traded as low as $14.32 and last traded at $14.36, with a volume of 104,220 shares. The stock had previously closed at $15.25.

Several research firms have recently issued reports on BREW. Zacks Investment Research upgraded shares of Craft Brew Alliance from a “strong sell” rating to a “hold” rating in a research report on Monday, May 9th. Citigroup Inc. lifted their price objective on shares of Craft Brew Alliance from $10.00 to $14.00 and gave the company a “neutral” rating in a research report on Friday, August 5th. Sidoti upgraded shares of Craft Brew Alliance from a “neutral” rating to a “buy” rating in a research report on Thursday, August 4th. Finally, TheStreet upgraded shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Craft Brew Alliance has an average rating of “Buy” and an average price target of $14.00.

The firm has a market cap of $273.55 million and a P/E ratio of 263.33. The firm has a 50 day moving average of $12.33 and a 200 day moving average of $9.53.

Craft Brew Alliance (NASDAQ:BREW) last issued its earnings results on Wednesday, August 3rd. The company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.02. The company earned $62.28 million during the quarter, compared to analysts’ expectations of $61.52 million. During the same quarter in the prior year, the company posted $0.07 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that Craft Brew Alliance Inc. will post $0.19 EPS for the current fiscal year.

An institutional investor recently raised its position 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 13F 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 approximately 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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