Craft Brew Alliance Inc. (BREW) Sees Unusually-High Trading Volume
Craft Brew Alliance Inc. (NASDAQ:BREW) saw unusually-strong trading volume on Thursday . Approximately 412,097 shares changed hands during mid-day trading, an increase of 87% from the previous session’s volume of 220,644 shares.The stock last traded at $18.25 and had previously closed at $17.71.
A number of research analysts have weighed in on BREW shares. Zacks Investment Research raised shares of Craft Brew Alliance from a “strong sell” rating to a “hold” rating in a research note on Monday, May 9th. Citigroup Inc. decreased 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 research note on Wednesday, June 15th. Sidoti raised shares of Craft Brew Alliance from a “neutral” rating to a “buy” rating in a research note on Thursday, August 4th. Finally, TheStreet raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $15.00.
The stock has a market cap of $382.82 million and a PE ratio of 368.52. The company’s 50 day moving average is $13.57 and its 200-day moving average is $9.99.
Craft Brew Alliance (NASDAQ:BREW) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.02. The company had revenue of $62.28 million for the quarter, compared to analysts’ expectations of $61.52 million. During the same period in the prior year, the company earned $0.07 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts forecast that Craft Brew Alliance Inc. will post $0.20 earnings per share 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.