Shares of Craft Brew Alliance Inc (NASDAQ:BREW) have been given a consensus rating of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $20.40.
Several equities analysts have commented on BREW shares. BMO Capital Markets started coverage on shares of Craft Brew Alliance in a report on Monday, February 5th. They issued a “market perform” rating and a $19.00 target price on the stock. Zacks Investment Research raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Wednesday, January 10th. Susquehanna Bancshares set a $22.00 price target on shares of Craft Brew Alliance and gave the company a “buy” rating in a report on Monday, December 11th. Stifel Nicolaus assumed coverage on shares of Craft Brew Alliance in a report on Tuesday, December 5th. They set a “hold” rating and a $19.00 price target on the stock. Finally, Citigroup lifted their price target on shares of Craft Brew Alliance from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th.
Institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC bought a new stake in shares of Craft Brew Alliance during the 4th quarter valued at approximately $126,000. Stone Ridge Asset Management LLC acquired a new stake in Craft Brew Alliance during the 4th quarter worth approximately $192,000. The Manufacturers Life Insurance Company boosted its position in 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 buying an additional 1,638 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new stake in Craft Brew Alliance during the 3rd quarter worth approximately $248,000. Finally, Perkins Capital Management Inc. boosted its position in Craft Brew Alliance by 41.4% during the 4th quarter. Perkins Capital Management Inc. now owns 17,750 shares of the company’s stock worth $341,000 after buying an additional 5,200 shares during the period. 34.74% of the stock is currently owned by institutional investors.
Craft Brew Alliance (NASDAQ:BREW) last released its earnings results on Wednesday, March 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. Craft Brew Alliance had a net margin of 4.59% and a return on equity of 2.13%. The firm had revenue of $45.97 million for the quarter, compared to analyst estimates of $45.93 million. During the same period last year, the firm earned $0.02 EPS. The business’s quarterly revenue was up .4% compared to the same quarter last year. equities research analysts predict that Craft Brew Alliance will post 0.39 earnings per share for the current year.
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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