Craft Brew Alliance Inc (NASDAQ:BREW)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $15.42 and last traded at $15.50, with a volume of 2657 shares trading hands. The stock had previously closed at $16.01.
BREW has been the topic of a number of research reports. BidaskClub lowered shares of Craft Brew Alliance from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 8th. Zacks Investment Research raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Wednesday, August 15th. ValuEngine lowered shares of Craft Brew Alliance from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Finally, Citigroup set a $19.00 target price on shares of Craft Brew Alliance and gave the company a “hold” rating in a research note on Monday, November 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.00.
The company has a market cap of $310.30 million, a price-to-earnings ratio of 110.21 and a beta of 0.26. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.16 and a current ratio of 1.63.
Craft Brew Alliance (NASDAQ:BREW) last announced its earnings results on Wednesday, November 7th. The company reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.13). The company had revenue of $55.64 million for the quarter, compared to the consensus estimate of $57.93 million. Craft Brew Alliance had a net margin of 5.86% and a return on equity of 4.20%. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. As a group, equities analysts predict that Craft Brew Alliance Inc will post 0.26 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the stock. 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 acquiring an additional 54,590 shares in the last quarter. Morgan Stanley boosted its stake in Craft Brew Alliance by 44.0% during the third quarter. Morgan Stanley now owns 65,558 shares of the company’s stock worth $1,073,000 after acquiring an additional 20,037 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Craft Brew Alliance by 94.6% during the third quarter. TIAA CREF Investment Management LLC now owns 51,812 shares of the company’s stock worth $847,000 after acquiring an additional 25,186 shares in the last quarter. Man Group plc bought a new stake in Craft Brew Alliance during the third quarter worth about $234,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in Craft Brew Alliance by 20.5% during the third quarter. Dynamic Technology Lab Private Ltd now owns 22,295 shares of the company’s stock worth $365,000 after acquiring an additional 3,786 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors and hedge funds.
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Craft Brew Alliance Company Profile (NASDAQ:BREW)
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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