Craft Brew Alliance (NASDAQ:BREW) Downgraded to “Sell” at BidaskClub

BidaskClub lowered shares of Craft Brew Alliance (NASDAQ:BREW) from a hold rating to a sell rating in a report published on Thursday, BidAskClub reports.

Several other brokerages have also commented on BREW. Maxim Group reiterated a buy rating and set a $21.00 price target on shares of Craft Brew Alliance in a research note on Thursday, August 8th. Zacks Investment Research lowered shares of Craft Brew Alliance from a hold rating to a strong sell rating in a research note on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Craft Brew Alliance currently has a consensus rating of Hold and a consensus price target of $19.33.

Shares of NASDAQ:BREW opened at $13.59 on Thursday. The company’s fifty day moving average price is $15.12 and its 200 day moving average price is $15.01. Craft Brew Alliance has a 12 month low of $12.49 and a 12 month high of $19.65. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.32 and a quick ratio of 0.83. The firm has a market capitalization of $255.38 million, a P/E ratio of 64.71 and a beta of 0.45.



Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). Craft Brew Alliance had a negative return on equity of 1.13% and a negative net margin of 2.42%. The company had revenue of $60.60 million for the quarter, compared to analyst estimates of $65.36 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. Craft Brew Alliance’s revenue was down 1.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Craft Brew Alliance will post -0.28 EPS for the current year.

A number of large investors have recently made changes to their positions in BREW. Aperio Group LLC purchased a new position in Craft Brew Alliance during the 2nd quarter worth $27,000. Bank of Montreal Can grew its position in Craft Brew Alliance by 57.5% during the 2nd quarter. Bank of Montreal Can now owns 2,092 shares of the company’s stock worth $29,000 after purchasing an additional 764 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Craft Brew Alliance by 53,180.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,664 shares of the company’s stock worth $37,000 after purchasing an additional 2,659 shares during the last quarter. Algert Global LLC purchased a new position in Craft Brew Alliance during the 2nd quarter worth $191,000. Finally, Parametric Portfolio Associates LLC grew its position in Craft Brew Alliance by 5.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 16,910 shares of the company’s stock worth $237,000 after purchasing an additional 910 shares during the last quarter. Hedge funds and other institutional investors own 35.19% of the company’s stock.

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, Omission, Appalachian Mountain, Cisco, Redhook, Widmer Brothers, and Wynwood brands; and ciders under the Square Mile brand name.

Read More: Quick Ratio

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.