Zacks Investment Research cut shares of Craft Brew Alliance (NASDAQ:BREW) from a hold rating to a sell rating in a report published on Tuesday morning.

According to Zacks, “Craft Brew Alliance Inc. is engaged in the business of brewing, marketing and selling of craft beers in the United States. The Company operates in two segments: Beer Related operations and Pubs and Other. Craft Brew owns and operates production breweries with adjacent restaurants or pubs in Portland, Oregon, Woodinville, Washington and Portsmouth, New Hampshire and in Kona, Hawaii. It offers its beer products under the Widmer Brothers, Redhook and Kona Brewing brand names. Craft Brew Alliance Inc., formerly known as Craft Brewers Alliance, Inc., is headquartered in Portland, Oregon. “

Several other equities research analysts have also issued reports on BREW. Maxim Group assumed coverage on shares of Craft Brew Alliance in a research note on Wednesday, January 16th. They issued a buy rating and a $21.00 price target on the stock. BidaskClub lowered shares of Craft Brew Alliance from a hold rating to a sell rating in a research note on Thursday, February 7th. ValuEngine lowered shares of Craft Brew Alliance from a buy rating to a hold rating in a research note on Wednesday, January 2nd. Finally, Citigroup set a $19.00 price target on shares of Craft Brew Alliance and gave the company a hold rating in a research note on Monday, November 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $20.40.

Shares of NASDAQ BREW opened at $15.21 on Tuesday. The firm has a market cap of $287.25 million, a PE ratio of 72.43 and a beta of 0.44. Craft Brew Alliance has a twelve month low of $13.64 and a twelve month high of $21.00. The company has a current ratio of 1.36, a quick ratio of 0.91 and a debt-to-equity ratio of 0.34.

Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings results on Wednesday, March 6th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The firm had revenue of $46.30 million for the quarter, compared to the consensus estimate of $46.54 million. Craft Brew Alliance had a return on equity of 3.07% and a net margin of 1.94%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 earnings per share. As a group, equities analysts anticipate that Craft Brew Alliance will post 0.23 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of BREW. Cannell Capital LLC increased its stake in shares of Craft Brew Alliance by 34.3% during the 4th quarter. Cannell Capital LLC now owns 832,102 shares of the company’s stock worth $11,907,000 after purchasing an additional 212,551 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Craft Brew Alliance by 74.3% during the 3rd quarter. Renaissance Technologies LLC now owns 296,148 shares of the company’s stock worth $4,842,000 after purchasing an additional 126,200 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Craft Brew Alliance by 11.2% during the 3rd quarter. Vanguard Group Inc now owns 542,929 shares of the company’s stock worth $8,877,000 after purchasing an additional 54,590 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Craft Brew Alliance by 11.2% during the 3rd quarter. Vanguard Group Inc. now owns 542,929 shares of the company’s stock worth $8,877,000 after purchasing an additional 54,590 shares during the last quarter. Finally, Noked Capital LTD acquired a new position in shares of Craft Brew Alliance during the 4th quarter worth about $575,000. Hedge funds and other institutional investors own 37.50% 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, Widmer Brothers, Redhook, and Omission brands; and ciders under the Square Mile brand name.

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