Craft Brew Alliance, Inc. (NASDAQ:BREW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday, October 23rd.
According to Zacks, “Craft Brew Alliance Inc. is engaged in the business of brewing, marketing and selling of craft beers in the United States. The Company operates in two segments: Beer Related operations and Pubs and Other. Craft Brew owns and operates production breweries with adjacent restaurants or pubs in Portland, Oregon, Woodinville, Washington and Portsmouth, New Hampshire and in Kona, Hawaii. It offers its beer products under the Widmer Brothers, Redhook and Kona Brewing brand names. Craft Brew Alliance Inc., formerly known as Craft Brewers Alliance, Inc., is headquartered in Portland, Oregon. “
Several other research analysts have also recently weighed in on the stock. ValuEngine cut shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Cowen and Company restated a “buy” rating and issued a $20.00 price objective on shares of Craft Brew Alliance in a research report on Tuesday, September 12th. Susquehanna Bancshares Inc initiated coverage on shares of Craft Brew Alliance in a research report on Monday, October 2nd. They issued a “positive” rating and a $22.00 price objective for the company. Finally, BidaskClub upgraded shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Craft Brew Alliance presently has an average rating of “Buy” and a consensus target price of $21.00.
Craft Brew Alliance (NASDAQ:BREW) opened at $19.70 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.56 and a debt-to-equity ratio of 0.19. Craft Brew Alliance has a one year low of $12.00 and a one year high of $20.00. The stock has a market cap of $369.53, a P/E ratio of 174.09 and a beta of 0.48.
Craft Brew Alliance (NASDAQ:BREW) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. Craft Brew Alliance had a net margin of 0.85% and a return on equity of 1.79%. The firm had revenue of $60.04 million during the quarter, compared to analysts’ expectations of $57.13 million. During the same quarter in the previous year, the company posted $0.03 EPS. Craft Brew Alliance’s revenue was up 2.4% on a year-over-year basis. sell-side analysts forecast that Craft Brew Alliance will post 0.09 EPS for the current fiscal year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in BREW. Kennedy Capital Management Inc. grew its holdings in Craft Brew Alliance by 181.4% during the 1st quarter. Kennedy Capital Management Inc. now owns 279,001 shares of the company’s stock worth $3,725,000 after acquiring an additional 179,850 shares during the period. Russell Investments Group Ltd. acquired a new stake in Craft Brew Alliance during the 2nd quarter worth $1,649,000. Balter Liquid Alternatives LLC grew its holdings in Craft Brew Alliance by 32.8% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 205,301 shares of the company’s stock worth $3,459,000 after acquiring an additional 50,749 shares during the period. Dimensional Fund Advisors LP grew its holdings in Craft Brew Alliance by 3.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,265,394 shares of the company’s stock worth $16,893,000 after acquiring an additional 40,152 shares during the period. Finally, First Manhattan Co. grew its holdings in Craft Brew Alliance by 88.3% during the 2nd quarter. First Manhattan Co. now owns 82,332 shares of the company’s stock worth $1,387,000 after acquiring an additional 38,600 shares during the period. 32.21% of the stock is owned by hedge funds and other institutional investors.
Craft Brew Alliance Company Profile
Craft Brew Alliance, Inc is a craft brewing company that is engaged in brewing, branding and bringing to market American craft beers. The Company operates through two segments: Beer Related operations, which include the brewing operations and related domestic and international beer and cider sales of its Kona, Widmer Brothers, Redhook and Omission beer brands, and Square Mile cider brand, and Pubs operations, which include its approximately five pubs, over four of which are located adjacent to its Beer Related operations, as well as other merchandise sales, and sales of its beers directly to customers.
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