TheStreet lowered shares of Craft Brew Alliance (NASDAQ:BREW) from a c- rating to a d+ rating in a report released on Thursday morning, TheStreetRatingsTable reports.
Several other analysts also recently issued reports on the company. BidaskClub downgraded Craft Brew Alliance from a hold rating to a sell rating in a research note on Thursday, August 15th. Citigroup set a $10.00 target price on Craft Brew Alliance and gave the company a hold rating in a research note on Tuesday, September 17th. Zacks Investment Research lifted their target price on Craft Brew Alliance to $73.75 in a research note on Tuesday, September 10th. MKM Partners started coverage on Craft Brew Alliance in a research note on Thursday. They set a neutral rating and a $16.00 target price on the stock. Finally, Cowen decreased their target price on Craft Brew Alliance from $23.00 to $14.00 in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $23.29.
NASDAQ BREW opened at $8.26 on Thursday. The stock’s 50-day moving average price is $11.51 and its 200-day moving average price is $13.93. The company has a quick ratio of 0.83, a current ratio of 1.32 and a debt-to-equity ratio of 0.54. Craft Brew Alliance has a 52 week low of $8.02 and a 52 week high of $18.71. The company has a market capitalization of $157.47 million, a P/E ratio of 39.33 and a beta of 0.51.
Craft Brew Alliance (NASDAQ:BREW) last issued its earnings results on Wednesday, August 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). The business had revenue of $60.60 million for the quarter, compared to the consensus estimate of $65.36 million. Craft Brew Alliance had a negative net margin of 2.42% and a negative return on equity of 1.13%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.23 EPS. Research analysts anticipate that Craft Brew Alliance will post -0.28 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BREW. Aperio Group LLC purchased a new position in Craft Brew Alliance during the 2nd quarter valued at approximately $27,000. Bank of Montreal Can grew its holdings in Craft Brew Alliance by 57.5% during the 2nd quarter. Bank of Montreal Can now owns 2,092 shares of the company’s stock valued at $29,000 after buying an additional 764 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Craft Brew Alliance by 53,180.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,664 shares of the company’s stock valued at $37,000 after buying an additional 2,659 shares in the last quarter. Algert Global LLC purchased a new position in Craft Brew Alliance during the 2nd quarter valued at approximately $191,000. Finally, Parametric Portfolio Associates LLC grew its holdings in Craft Brew Alliance by 5.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 16,910 shares of the company’s stock valued at $237,000 after buying an additional 910 shares in the last quarter. Institutional investors and hedge funds own 35.20% 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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