Craft Brew Alliance (NASDAQ:BREW) Raised to Hold at BidaskClub

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

Several other research analysts have also recently issued reports on BREW. Zacks Investment Research upgraded shares of Craft Brew Alliance from a sell rating to a hold rating in a report on Thursday, May 9th. TheStreet cut shares of Craft Brew Alliance from a b- rating to a c+ rating in a report on Friday, March 22nd. Finally, Maxim Group set a $21.00 price objective on shares of Craft Brew Alliance and gave the company a buy rating in a report on Thursday, March 7th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $20.67.

Craft Brew Alliance stock opened at $13.90 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 1.13 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $265.98 million, a PE ratio of 66.19 and a beta of 0.46. Craft Brew Alliance has a 12-month low of $13.15 and a 12-month high of $21.00.

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

In other news, Director Nickolas A. Mills sold 2,610 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 the SEC website. Company insiders own 3.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Financial Advocates Investment Management boosted its holdings in shares of Craft Brew Alliance by 17.7% in the fourth quarter. Financial Advocates Investment Management now owns 6,646 shares of the company’s stock valued at $81,000 after acquiring an additional 1,000 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Craft Brew Alliance by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 28,472 shares of the company’s stock valued at $407,000 after purchasing an additional 1,109 shares during the last quarter. Raymond James & Associates lifted its stake in Craft Brew Alliance by 0.8% during the first quarter. Raymond James & Associates now owns 157,197 shares of the company’s stock valued at $2,198,000 after purchasing an additional 1,246 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Craft Brew Alliance by 6.1% during the fourth quarter. Bank of New York Mellon Corp now owns 45,817 shares of the company’s stock valued at $655,000 after purchasing an additional 2,623 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in Craft Brew Alliance by 53,180.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,664 shares of the company’s stock valued at $37,000 after purchasing an additional 2,659 shares during the last quarter. Institutional investors and hedge funds own 36.75% of the company’s stock.

About Craft Brew Alliance

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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