Craft Brew Alliance (NASDAQ:BREW) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of Craft Brew Alliance (NASDAQ:BREW) from a sell rating to a hold rating in a research report released on Wednesday, ValuEngine reports.

A number of other research firms have also recently weighed in on BREW. TheStreet cut shares of Craft Brew Alliance from a c- rating to a d+ rating in a report on Thursday, September 19th. Maxim Group dropped their price objective on shares of Craft Brew Alliance from $21.00 to $16.00 and set a buy rating on the stock in a report on Friday, September 6th. BidaskClub cut shares of Craft Brew Alliance from a hold rating to a sell rating in a report on Thursday, August 15th. Zacks Investment Research increased their price objective on shares of Craft Brew Alliance to $73.75 in a report on Tuesday, September 10th. Finally, Cowen dropped their price objective on shares of Craft Brew Alliance from $23.00 to $14.00 in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $23.29.

Shares of NASDAQ:BREW traded up $0.26 on Wednesday, reaching $8.66. 121,072 shares of the company’s stock were exchanged, compared to its average volume of 113,252. The firm has a market capitalization of $166.86 million, a price-to-earnings ratio of 41.24 and a beta of 0.52. Craft Brew Alliance has a fifty-two week low of $7.93 and a fifty-two week high of $18.61. The business’s 50-day moving average is $9.71 and its two-hundred day moving average is $13.41. The company has a quick ratio of 0.83, a current ratio of 1.32 and a debt-to-equity ratio of 0.54.

Craft Brew Alliance (NASDAQ:BREW) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $60.60 million during the quarter, compared to analyst estimates of $65.36 million. During the same period last year, the business earned $0.23 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. Analysts predict that Craft Brew Alliance will post -0.28 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in BREW. Dimensional Fund Advisors LP increased its stake in Craft Brew Alliance by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,334,339 shares of the company’s stock valued at $19,094,000 after buying an additional 15,902 shares during the period. BNP Paribas Arbitrage SA increased its stake 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 valued at $37,000 after buying an additional 2,659 shares during the period. Raymond James & Associates increased its stake in Craft Brew Alliance by 0.8% during the 1st quarter. Raymond James & Associates now owns 157,197 shares of the company’s stock valued at $2,198,000 after buying an additional 1,246 shares during the period. Aperio Group LLC acquired a new position in Craft Brew Alliance during the 2nd quarter valued at about $27,000. Finally, GSA Capital Partners LLP increased its stake in Craft Brew Alliance by 34.9% during the 2nd quarter. GSA Capital Partners LLP now owns 37,991 shares of the company’s stock valued at $531,000 after buying an additional 9,836 shares during the period. 35.20% of the stock is currently owned by hedge funds and other 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, Omission, Appalachian Mountain, Cisco, Redhook, Widmer Brothers, and Wynwood brands; and ciders under the Square Mile brand name.

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