BidaskClub Lowers Craft Brew Alliance (BREW) to Strong Sell

BidaskClub lowered shares of Craft Brew Alliance (NASDAQ:BREW) from a sell rating to a strong sell rating in a research report released on Thursday.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Craft Brew Alliance from a hold rating to a sell rating in a research report on Tuesday, March 12th. Maxim Group set a $21.00 target price on Craft Brew Alliance and gave the stock a buy rating in a research report on Thursday, March 7th. Finally, ValuEngine downgraded Craft Brew Alliance from a buy rating to a hold rating in a research report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Craft Brew Alliance has a consensus rating of Hold and an average target price of $20.40.

BREW stock opened at $15.44 on Thursday. Craft Brew Alliance has a twelve month low of $13.64 and a twelve month high of $21.00. The stock has a market cap of $299.27 million, a P/E ratio of 73.52 and a beta of 0.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.91 and a current ratio of 1.36.

Craft Brew Alliance (NASDAQ:BREW) last released its earnings results on Wednesday, March 6th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $46.30 million for the quarter, compared to analyst estimates of $46.54 million. During the same period last year, the business earned $0.05 earnings per share. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, sell-side analysts predict that Craft Brew Alliance will post 0.23 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Financial Advocates Investment Management grew its position in Craft Brew Alliance by 17.7% during the fourth quarter. Financial Advocates Investment Management now owns 6,646 shares of the company’s stock worth $81,000 after buying an additional 1,000 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Craft Brew Alliance by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 28,472 shares of the company’s stock valued at $407,000 after purchasing an additional 1,109 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Craft Brew Alliance by 6.1% during the fourth quarter. Bank of New York Mellon Corp now owns 45,817 shares of the company’s stock valued at $655,000 after purchasing an additional 2,623 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings 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 valued at $365,000 after purchasing an additional 3,786 shares in the last quarter. Finally, Martingale Asset Management L P boosted its holdings in Craft Brew Alliance by 10.1% during the third quarter. Martingale Asset Management L P now owns 48,907 shares of the company’s stock valued at $800,000 after purchasing an additional 4,500 shares in the last quarter. 37.50% of the stock is currently owned by institutional investors and hedge funds.

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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