Craft Brew Alliance (NASDAQ:BREW) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.
Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday. Maxim Group set a $21.00 price target on shares of Craft Brew Alliance and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, ValuEngine cut shares of Craft Brew Alliance from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $20.40.
Craft Brew Alliance stock opened at $15.44 on Thursday. The company has a market cap of $287.25 million, a PE ratio of 73.52 and a beta of 0.44. The company has a current ratio of 1.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.34. Craft Brew Alliance has a 1 year low of $13.64 and a 1 year high of $21.00.
Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings results on Wednesday, March 6th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.04). Craft Brew Alliance had a return on equity of 3.07% and a net margin of 1.94%. The business had revenue of $46.30 million during the quarter, compared to the consensus estimate of $46.54 million. During the same quarter in the prior year, the firm posted $0.05 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, analysts anticipate that Craft Brew Alliance will post 0.23 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of BREW. Cannell Capital LLC boosted its stake in Craft Brew Alliance by 34.3% during the fourth quarter. Cannell Capital LLC now owns 832,102 shares of the company’s stock worth $11,907,000 after buying an additional 212,551 shares during the period. Renaissance Technologies LLC boosted its stake in Craft Brew Alliance by 74.3% during the third quarter. Renaissance Technologies LLC now owns 296,148 shares of the company’s stock worth $4,842,000 after buying an additional 126,200 shares during the period. Vanguard Group Inc boosted its stake in Craft Brew Alliance by 11.2% during the third quarter. Vanguard Group Inc now owns 542,929 shares of the company’s stock worth $8,877,000 after buying an additional 54,590 shares during the period. Vanguard Group Inc. boosted its stake in Craft Brew Alliance by 11.2% during the third quarter. Vanguard Group Inc. now owns 542,929 shares of the company’s stock worth $8,877,000 after buying an additional 54,590 shares during the period. Finally, Noked Capital LTD purchased a new position in Craft Brew Alliance during the fourth quarter worth $575,000. 37.50% 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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