Craft Brew Alliance Inc (NASDAQ:BREW) has received a consensus rating of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $19.50.

A number of equities research analysts recently weighed in on the company. ValuEngine raised Craft Brew Alliance from a “hold” rating to a “buy” rating in a report on Friday, October 26th. Zacks Investment Research cut Craft Brew Alliance from a “hold” rating to a “sell” rating in a report on Wednesday, November 14th. Citigroup set a $19.00 price target on Craft Brew Alliance and gave the company a “hold” rating in a report on Monday, November 12th. Finally, BidaskClub raised Craft Brew Alliance from a “sell” rating to a “hold” rating in a report on Saturday, January 5th.

BREW stock traded up $0.36 during midday trading on Wednesday, reaching $15.51. 57,999 shares of the company’s stock traded hands, compared to its average volume of 53,300. Craft Brew Alliance has a 1-year low of $13.64 and a 1-year high of $21.00. The stock has a market capitalization of $291.89 million, a price-to-earnings ratio of 110.79 and a beta of 0.38. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.63 and a quick ratio of 1.16.

Craft Brew Alliance (NASDAQ:BREW) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.13). Craft Brew Alliance had a net margin of 5.86% and a return on equity of 4.20%. The business had revenue of $55.64 million for the quarter, compared to analyst estimates of $57.93 million. During the same period in the prior year, the business earned $0.09 earnings per share. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. On average, equities analysts expect that Craft Brew Alliance will post 0.26 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ibex Investors LLC acquired a new stake in shares of Craft Brew Alliance in the 3rd quarter valued at $192,000. Rehmann Capital Advisory Group acquired a new stake in shares of Craft Brew Alliance in the 2nd quarter valued at $208,000. Man Group plc acquired a new stake in shares of Craft Brew Alliance in the 3rd quarter valued at $234,000. Prudential Financial Inc. increased its stake in shares of Craft Brew Alliance by 51.4% in the 3rd quarter. Prudential Financial Inc. now owns 14,965 shares of the company’s stock valued at $245,000 after buying an additional 5,080 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Craft Brew Alliance in the 3rd quarter valued at $259,000. 38.26% of the stock is owned by institutional investors.

About Craft Brew Alliance

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.

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