Craft Brew Alliance Inc. (BREW) Reaches New 1-Year High at $18.66
Craft Brew Alliance Inc. (NASDAQ:BREW)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $18.66 and last traded at $17.58, with a volume of 1,044,879 shares trading hands. The stock had previously closed at $14.46.
Several brokerages recently issued reports on BREW. TheStreet raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. Zacks Investment Research upgraded shares of Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Thursday, August 18th. Citigroup Inc. raised 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. Finally, Sidoti upgraded shares of Craft Brew Alliance from a “neutral” rating to a “buy” rating in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.00.
The company has a market capitalization of $363.00 million and a PE ratio of 349.44. The firm’s 50 day moving average is $13.32 and its 200-day moving average is $9.91.
Craft Brew Alliance (NASDAQ:BREW) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The business had revenue of $62.28 million for the quarter, compared to analysts’ expectations of $61.52 million. Craft Brew Alliance’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 EPS. On average, equities analysts forecast that Craft Brew Alliance Inc. will post $0.20 earnings per share for the current fiscal 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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