Wells Fargo & Company MN grew its position in Craft Brew Alliance Inc (NASDAQ:BREW) by 5.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,330 shares of the company’s stock after purchasing an additional 2,816 shares during the period. Wells Fargo & Company MN owned about 0.26% of Craft Brew Alliance worth $936,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of BREW. Schwab Charles Investment Management Inc. boosted its stake in shares of Craft Brew Alliance by 45.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 23,500 shares of the company’s stock valued at $452,000 after purchasing an additional 7,300 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Craft Brew Alliance by 7.8% in the 4th quarter. Bank of New York Mellon Corp now owns 45,711 shares of the company’s stock valued at $878,000 after purchasing an additional 3,319 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Craft Brew Alliance by 1.3% in the fourth quarter. BlackRock Inc. now owns 576,347 shares of the company’s stock valued at $11,067,000 after buying an additional 7,352 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Craft Brew Alliance by 6.8% in the fourth quarter. Deutsche Bank AG now owns 62,331 shares of the company’s stock valued at $1,195,000 after buying an additional 3,987 shares during the last quarter. Finally, Stone Ridge Asset Management LLC bought a new position in shares of Craft Brew Alliance in the fourth quarter valued at about $192,000. Institutional investors own 35.42% of the company’s stock.

Craft Brew Alliance stock opened at $19.65 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.53 and a quick ratio of 1.04. Craft Brew Alliance Inc has a 12-month low of $16.55 and a 12-month high of $21.00. The stock has a market capitalization of $379.44 million, a P/E ratio of 81.88 and a beta of 0.49.

Craft Brew Alliance (NASDAQ:BREW) last released its quarterly earnings results on Wednesday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.03. Craft Brew Alliance had a return on equity of 3.62% and a net margin of 5.38%. The business had revenue of $47.49 million during the quarter, compared to analysts’ expectations of $43.86 million. During the same period in the previous year, the business posted ($0.09) earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. sell-side analysts predict that Craft Brew Alliance Inc will post 0.35 EPS for the current fiscal year.

A number of research analysts recently issued reports on the company. BidaskClub cut Craft Brew Alliance from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research cut Craft Brew Alliance from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Finally, Citigroup lifted their price target on Craft Brew Alliance from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, July 10th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Craft Brew Alliance has an average rating of “Hold” and an average price target of $20.67.

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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