Stifel Nicolaus began coverage on shares of Craft Brew Alliance (NASDAQ:BREW) in a research note issued to investors on Tuesday. The firm set a “hold” rating and a $19.00 price target on the stock. Stifel Nicolaus’ price target suggests a potential upside of 0.53% from the company’s current price.

A number of other equities analysts also recently commented on BREW. Cowen reiterated an “outperform” rating and set a $20.00 price objective (up previously from $19.00) on shares of Craft Brew Alliance in a research report on Wednesday, August 9th. BidaskClub upgraded Craft Brew Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Craft Brew Alliance from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research report on Wednesday, August 16th. ValuEngine downgraded Craft Brew Alliance from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, Susquehanna Bancshares began coverage on Craft Brew Alliance in a research report on Monday, October 2nd. They issued a “positive” rating and a $22.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.75.

Craft Brew Alliance (NASDAQ BREW) opened at $18.90 on Tuesday. Craft Brew Alliance has a 1 year low of $12.00 and a 1 year high of $20.10. The company has a market capitalization of $377.25, a P/E ratio of 177.73 and a beta of 0.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.18 and a current ratio of 1.56.

Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. Craft Brew Alliance had a return on equity of 1.79% and a net margin of 0.85%. The firm had revenue of $60.04 million for the quarter, compared to the consensus estimate of $57.13 million. During the same quarter last year, the business posted $0.03 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. analysts forecast that Craft Brew Alliance will post 0.11 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Craft Brew Alliance by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,275,791 shares of the company’s stock valued at $22,390,000 after purchasing an additional 20,958 shares during the period. Vanguard Group Inc. raised its position in Craft Brew Alliance by 4.6% in the second quarter. Vanguard Group Inc. now owns 385,787 shares of the company’s stock valued at $6,500,000 after purchasing an additional 16,970 shares during the period. Kennedy Capital Management Inc. raised its position in Craft Brew Alliance by 14.4% in the second quarter. Kennedy Capital Management Inc. now owns 319,249 shares of the company’s stock valued at $5,379,000 after purchasing an additional 40,248 shares during the period. State Street Corp raised its position in Craft Brew Alliance by 10.1% in the second quarter. State Street Corp now owns 208,916 shares of the company’s stock valued at $3,521,000 after purchasing an additional 19,235 shares during the period. Finally, Balter Liquid Alternatives LLC raised its position in Craft Brew Alliance by 32.8% in the second quarter. Balter Liquid Alternatives LLC now owns 205,301 shares of the company’s stock valued at $3,459,000 after purchasing an additional 50,749 shares during the period. Institutional investors own 34.19% of the company’s stock.

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Craft Brew Alliance Company Profile

Craft Brew Alliance, Inc is a craft brewing company that is engaged in brewing, branding and bringing to market American craft beers. The Company operates through two segments: Beer Related operations, which include the brewing operations and related domestic and international beer and cider sales of its Kona, Widmer Brothers, Redhook and Omission beer brands, and Square Mile cider brand, and Pubs operations, which include its approximately five pubs, over four of which are located adjacent to its Beer Related operations, as well as other merchandise sales, and sales of its beers directly to customers.

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