Craft Brew Alliance (NASDAQ:BREW) Earns Hold Rating from Analysts at Stifel Nicolaus

Analysts at Stifel Nicolaus initiated coverage on shares of Craft Brew Alliance (NASDAQ:BREW) in a research report issued to clients and investors on Tuesday, December 5th, Marketbeat reports. The brokerage set a “hold” rating and a $19.00 price target on the stock.

BREW has been the topic of several other research reports. Susquehanna Bancshares initiated coverage on Craft Brew Alliance in a research report on Monday, October 2nd. They set a “positive” rating and a $22.00 target price on the stock. Zacks Investment Research upgraded Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Monday, November 13th. ValuEngine upgraded Craft Brew Alliance from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Cowen reiterated a “buy” rating and issued a $20.00 target price on shares of Craft Brew Alliance in a report on Thursday, October 19th. Finally, BidaskClub upgraded Craft Brew Alliance from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.75.

Craft Brew Alliance (NASDAQ:BREW) remained flat at $$19.00 during trading hours on Tuesday. The company had a trading volume of 86,632 shares, compared to its average volume of 110,387. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.19. Craft Brew Alliance has a 1 year low of $12.00 and a 1 year high of $20.10. The firm has a market cap of $367.44, a P/E ratio of 167.27 and a beta of 0.47.

Craft Brew Alliance (NASDAQ:BREW) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. The business had revenue of $60.04 million for the quarter, compared to the consensus estimate of $57.13 million. Craft Brew Alliance had a return on equity of 1.79% and a net margin of 0.85%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS. equities analysts forecast that Craft Brew Alliance will post 0.12 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of BREW. American International Group Inc. lifted its stake in shares of Craft Brew Alliance by 7.0% during the 1st quarter. American International Group Inc. now owns 7,778 shares of the company’s stock worth $104,000 after purchasing an additional 510 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Craft Brew Alliance by 15.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,325 shares of the company’s stock worth $207,000 after purchasing an additional 1,638 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Craft Brew Alliance during the 3rd quarter worth $248,000. Goldman Sachs Group Inc. purchased a new stake in shares of Craft Brew Alliance during the 1st quarter worth $297,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Craft Brew Alliance by 54.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 27,800 shares of the company’s stock worth $372,000 after purchasing an additional 9,800 shares during the last quarter. Hedge funds and other institutional investors own 34.19% of the company’s stock.

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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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