Craft Brew Alliance, Inc. (NASDAQ:BREW) CEO Andrew J. Thomas Sells 4,000 Shares
Craft Brew Alliance, Inc. (NASDAQ:BREW) CEO Andrew J. Thomas sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $18.14, for a total value of $72,560.00. Following the completion of the sale, the chief executive officer now directly owns 7,834 shares of the company’s stock, valued at approximately $142,108.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Craft Brew Alliance, Inc. (BREW) traded down 1.10% during midday trading on Wednesday, reaching $18.00. The company’s stock had a trading volume of 77,749 shares. Craft Brew Alliance, Inc. has a 12 month low of $12.00 and a 12 month high of $22.40. The firm has a market cap of $347.27 million, a price-to-earnings ratio of 666.67 and a beta of 0.47. The company has a 50-day moving average price of $17.43 and a 200-day moving average price of $15.54.
Craft Brew Alliance (NASDAQ:BREW) last announced its earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.02. The firm had revenue of $60.55 million during the quarter, compared to analyst estimates of $58.54 million. Craft Brew Alliance had a net margin of 0.27% and a return on equity of 0.80%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 EPS. Equities analysts expect that Craft Brew Alliance, Inc. will post $0.14 earnings per share for the current year.
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Several equities research analysts recently commented on the company. Cowen and Company reissued an “outperform” rating and issued a $20.00 price target (up previously from $19.00) on shares of Craft Brew Alliance in a research note on Wednesday. BidaskClub raised Craft Brew Alliance from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Zacks Investment Research raised Craft Brew Alliance from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $20.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. American International Group Inc. increased its position in Craft Brew Alliance by 7.0% in the first quarter. American International Group Inc. now owns 7,778 shares of the company’s stock worth $104,000 after buying an additional 510 shares in the last quarter. Perkins Capital Management Inc. increased its position in Craft Brew Alliance by 0.8% in the second quarter. Perkins Capital Management Inc. now owns 12,550 shares of the company’s stock worth $211,000 after buying an additional 100 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Craft Brew Alliance by 2.9% in the first quarter. Parametric Portfolio Associates LLC now owns 16,906 shares of the company’s stock worth $226,000 after buying an additional 476 shares in the last quarter. AQR Capital Management LLC bought a new position in Craft Brew Alliance during the fourth quarter worth $245,000. Finally, Goldman Sachs Group Inc. bought a new position in Craft Brew Alliance during the first quarter worth $297,000. Hedge funds and other institutional investors own 32.36% of the company’s stock.
Craft Brew Alliance Company Profile
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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