Craft Brew Alliance (BREW) Receiving Somewhat Favorable Media Coverage, Study Finds
News stories about Craft Brew Alliance (NASDAQ:BREW) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Craft Brew Alliance earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.9939273009363 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several equities analysts recently commented on BREW shares. Zacks Investment Research lowered shares of Craft Brew Alliance from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 17th. Cowen and Company reaffirmed an “outperform” rating and issued a $20.00 price objective (up from $19.00) on shares of Craft Brew Alliance in a research report on Wednesday, August 9th. BidaskClub raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Finally, ValuEngine lowered shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Craft Brew Alliance presently has an average rating of “Buy” and a consensus price target of $20.50.
Craft Brew Alliance (BREW) traded up 2.66% during trading on Friday, reaching $17.35. 46,688 shares of the company’s stock were exchanged. Craft Brew Alliance has a 52 week low of $12.00 and a 52 week high of $21.18. The stock has a 50-day moving average of $17.79 and a 200-day moving average of $16.10. The stock has a market capitalization of $334.73 million, a PE ratio of 642.59 and a beta of 0.50.
Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). The business had revenue of $60.55 million during the quarter, compared to analyst estimates of $58.54 million. Craft Brew Alliance had a net margin of 0.27% and a return on equity of 0.80%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. On average, equities research analysts anticipate that Craft Brew Alliance will post $0.14 EPS for the current year.
In other Craft Brew Alliance news, CEO Andrew J. Thomas sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $18.14, for a total value of $72,560.00. Following the completion of the sale, the chief executive officer now owns 7,834 shares in the company, valued at $142,108.76. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.70% of the stock is currently owned by insiders.
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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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