Craft Brew Alliance Inc. (BREW) Trading Down 2.7%
Craft Brew Alliance Inc. (NASDAQ:BREW) shares traded down 2.7% during mid-day trading on Wednesday . The stock traded as low as $19.64 and last traded at $19.80, with a volume of 199,896 shares. The stock had previously closed at $20.35.
BREW has been the topic of several analyst reports. Zacks Investment Research raised 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 report on Thursday, August 18th. TheStreet raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. Citigroup Inc. boosted their price objective on shares of Craft Brew Alliance from $10.00 to $14.00 and gave the company a “neutral” rating in a report on Friday, August 5th. Finally, Sidoti raised shares of Craft Brew Alliance from a “neutral” rating to a “buy” rating in a report on Thursday, August 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $15.00.
The company has a market capitalization of $381.85 million and a PE ratio of 367.59. The firm’s 50-day moving average is $14.26 and its 200-day moving average is $10.29.
Craft Brew Alliance (NASDAQ:BREW) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.02. The business had revenue of $62.28 million for the quarter, compared to the consensus estimate of $61.52 million. During the same quarter in the previous year, the business earned $0.07 EPS. Craft Brew Alliance’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts anticipate that Craft Brew Alliance Inc. will post $0.22 EPS for the current fiscal year.
In other Craft Brew Alliance news, Director John D. Rogers, Jr. sold 12,376 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $20.05, for a total transaction of $248,138.80. Following the sale, the director now directly owns 29,301 shares in the company, valued at $587,485.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
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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