Craft Brew Alliance Inc. (BREW) Stock Price Up 2.3%
Shares of Craft Brew Alliance Inc. (NASDAQ:BREW) rose 2.3% during trading on Friday . The stock traded as high as $14.33 and last traded at $14.29, with a volume of 71,826 shares trading hands. The stock had previously closed at $13.97.
BREW has been the topic of several recent analyst reports. Citigroup Inc. boosted their price target on Craft Brew Alliance from $10.00 to $14.00 and gave the company a “neutral” rating in a research note on Friday, August 5th. TheStreet raised Craft Brew Alliance from a “hold” rating to a “buy” rating in a research note on Wednesday, August 10th. Zacks Investment Research raised Craft Brew Alliance from a “strong sell” rating to a “hold” rating in a research note on Monday, July 11th. Finally, Sidoti raised Craft Brew Alliance from a “neutral” rating to a “buy” rating in a research note on Thursday, August 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Craft Brew Alliance presently has a consensus rating of “Buy” and an average target price of $15.00.
The company has a 50-day moving average price of $12.76 and a 200-day moving average price of $9.68. The firm has a market cap of $274.51 million and a P/E ratio of 264.26.
Craft Brew Alliance (NASDAQ:BREW) last announced its earnings results on Wednesday, August 3rd. The company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.02. The firm earned $62.28 million during the quarter, compared to the consensus estimate of $61.52 million. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 EPS. On average, equities research analysts expect that Craft Brew Alliance Inc. will post $0.19 EPS for the current year.
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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