Craft Brew Alliance Inc (BREW) Receives $20.25 Average Target Price from Brokerages
Shares of Craft Brew Alliance Inc (NASDAQ:BREW) have been given a consensus rating of “Hold” by the eight brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $20.25.
A number of equities research analysts have recently weighed in on BREW shares. Zacks Investment Research raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Wednesday, July 4th. BidaskClub raised shares of Craft Brew Alliance from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 7th. Citigroup lifted their target price on shares of Craft Brew Alliance from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, July 10th. Finally, ValuEngine lowered shares of Craft Brew Alliance from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th.
Institutional investors and hedge funds have recently made changes to their positions in the company. Rehmann Capital Advisory Group bought a new stake in Craft Brew Alliance during the second quarter worth about $208,000. Dynamic Technology Lab Private Ltd bought a new stake in Craft Brew Alliance during the first quarter worth about $217,000. Engineers Gate Manager LP bought a new stake in Craft Brew Alliance during the second quarter worth about $272,000. Campbell & CO Investment Adviser LLC bought a new stake in Craft Brew Alliance during the second quarter worth about $476,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in Craft Brew Alliance by 12.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 26,500 shares of the company’s stock worth $493,000 after acquiring an additional 3,000 shares in the last quarter. 37.25% of the stock is currently owned by hedge funds and other institutional investors.
Craft Brew Alliance (NASDAQ:BREW) last announced its earnings results on Wednesday, August 8th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.10. The firm had revenue of $61.80 million for the quarter, compared to analyst estimates of $61.70 million. Craft Brew Alliance had a net margin of 6.62% and a return on equity of 5.61%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. Research analysts expect that Craft Brew Alliance will post 0.43 EPS for the current year.
Craft Brew Alliance Company Profile
Craft Brew Alliance, Inc brews and sells craft beers and ciders in the United States and internationally. It operates through two segments, Beer Related Operations and Brewpubs Operations. It offers beers under the Kona, Widmer Brothers, Redhook, and Omission brands; and ciders under the Square Mile brand name.
See Also: What is a Swap?
Receive News & Ratings for Craft Brew Alliance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Craft Brew Alliance and related companies with MarketBeat.com's FREE daily email newsletter.