Rehmann Capital Advisory Group acquired a new position in Craft Brew Alliance Inc (NASDAQ:BREW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,077 shares of the company’s stock, valued at approximately $208,000. Rehmann Capital Advisory Group owned 0.05% of Craft Brew Alliance as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in Craft Brew Alliance by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,309,199 shares of the company’s stock worth $27,035,000 after buying an additional 21,704 shares in the last quarter. Cannell Capital LLC grew its position in Craft Brew Alliance by 13.6% during the first quarter. Cannell Capital LLC now owns 732,645 shares of the company’s stock worth $13,627,000 after buying an additional 87,512 shares in the last quarter. BlackRock Inc. grew its position in Craft Brew Alliance by 14.7% during the second quarter. BlackRock Inc. now owns 655,989 shares of the company’s stock worth $13,545,000 after buying an additional 84,282 shares in the last quarter. Renaissance Technologies LLC grew its position in Craft Brew Alliance by 98.9% during the second quarter. Renaissance Technologies LLC now owns 169,948 shares of the company’s stock worth $3,509,000 after buying an additional 84,496 shares in the last quarter. Finally, Northern Trust Corp grew its position in Craft Brew Alliance by 6.5% during the second quarter. Northern Trust Corp now owns 161,315 shares of the company’s stock worth $3,331,000 after buying an additional 9,864 shares in the last quarter. Institutional investors and hedge funds own 37.22% of the company’s stock.

NASDAQ BREW opened at $17.55 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.19 and a current ratio of 1.57. The company has a market cap of $339.82 million, a price-to-earnings ratio of 46.18 and a beta of 0.67. Craft Brew Alliance Inc has a 1-year low of $16.65 and a 1-year high of $21.00.

Craft Brew Alliance (NASDAQ:BREW) last released its quarterly earnings data on Wednesday, August 8th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.10. The company had revenue of $61.80 million for the quarter, compared to the consensus estimate of $61.70 million. Craft Brew Alliance had a return on equity of 5.61% and a net margin of 6.62%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 earnings per share. sell-side analysts predict that Craft Brew Alliance Inc will post 0.43 EPS for the current year.

A number of equities research analysts recently weighed in on BREW shares. Zacks Investment Research downgraded Craft Brew Alliance from a “buy” rating to a “hold” rating in a research report on Monday, July 16th. BidaskClub downgraded Craft Brew Alliance from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. Finally, Citigroup lifted their target price on Craft Brew Alliance from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $20.50.

Craft Brew Alliance 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, Widmer Brothers, Redhook, and Omission brands; and ciders under the Square Mile brand name.

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Institutional Ownership by Quarter for Craft Brew Alliance (NASDAQ:BREW)

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