Craft Brew Alliance (BREW) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Craft Brew Alliance (NASDAQ:BREW) from a sell rating to a hold rating in a research report sent to investors on Tuesday, BidAskClub reports.

BREW has been the subject of several other reports. 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. Zacks Investment Research upgraded Craft Brew Alliance from a sell rating to a hold rating in a research report on Thursday, May 9th. Finally, TheStreet cut Craft Brew Alliance from a b- rating to a c+ rating in a research report on Friday, March 22nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $20.67.

Craft Brew Alliance stock opened at $15.44 on Tuesday. Craft Brew Alliance has a 52 week low of $13.15 and a 52 week high of $21.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 0.72. The stock has a market cap of $298.99 million, a P/E ratio of 1,540.00 and a beta of 0.40.

Craft Brew Alliance (NASDAQ:BREW) last posted its earnings results on Wednesday, May 8th. The company reported ($0.19) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.05. Craft Brew Alliance had a positive return on equity of 0.25% and a negative net margin of 1.58%. The business had revenue of $46.99 million during the quarter.

In other news, Director Nickolas A. Mills sold 2,610 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $15.28, for a total value of $39,880.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of BREW. Dimensional Fund Advisors LP lifted its stake in shares of Craft Brew Alliance by 2.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,361,395 shares of the company’s stock valued at $19,033,000 after acquiring an additional 27,056 shares during the last quarter. Cannell Capital LLC grew its holdings in shares of Craft Brew Alliance by 0.8% during the 1st quarter. Cannell Capital LLC now owns 838,606 shares of the company’s stock worth $11,724,000 after acquiring an additional 6,504 shares during the period. BlackRock Inc. grew its holdings in shares of Craft Brew Alliance by 5.0% during the 3rd quarter. BlackRock Inc. now owns 689,002 shares of the company’s stock worth $11,264,000 after acquiring an additional 33,013 shares during the period. Vanguard Group Inc grew its stake in shares of Craft Brew Alliance by 11.2% in the 3rd quarter. Vanguard Group Inc now owns 542,929 shares of the company’s stock worth $8,877,000 after buying an additional 54,590 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Craft Brew Alliance by 11.2% in the 3rd quarter. Vanguard Group Inc. now owns 542,929 shares of the company’s stock worth $8,877,000 after buying an additional 54,590 shares during the last quarter. Hedge funds and other institutional investors own 36.97% of the company’s stock.

Craft Brew Alliance Company Profile

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, Omission, Appalachian Mountain, Cisco, Redhook, Widmer Brothers, and Wynwood brands; and ciders under the Square Mile brand name.

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