Headlines about Craft Brew Alliance (NASDAQ:BREW) have been trending positive on Thursday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Craft Brew Alliance earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.7728829677778 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- Our VOICE and Asheville Brewers Alliance unite for third Pints for Our VOICE fundraiser (mountainx.com)
- Craft Brew Alliance (BREW) Upgraded at ValuEngine (americanbankingnews.com)
- [$$] ‘Craft’ Beer Turns Out to Be a Big Business (finance.yahoo.com)
- Carolina Beer Guy: House Soda joins nonalcoholic craft beverage scene (mountainx.com)
- Craft Brew Alliance (BREW) Upgraded to “Buy” by BidaskClub (americanbankingnews.com)
A number of analysts recently issued reports on BREW shares. Susquehanna Bancshares set a $22.00 target price on shares of Craft Brew Alliance and gave the stock a “buy” rating in a research report on Monday, December 11th. Zacks Investment Research upgraded 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 report on Wednesday, January 10th. BidaskClub lowered shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. Citigroup raised their target price on shares of Craft Brew Alliance from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Finally, ValuEngine upgraded shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $20.67.
Craft Brew Alliance (NASDAQ:BREW) last posted its quarterly earnings results on Wednesday, March 7th. The company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. The company had revenue of $45.97 million for the quarter, compared to the consensus estimate of $45.93 million. Craft Brew Alliance had a net margin of 4.59% and a return on equity of 2.13%. Craft Brew Alliance’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 earnings per share. research analysts forecast that Craft Brew Alliance will post 0.39 earnings per share for the current fiscal year.
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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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