Shares of Craft Brew Alliance Inc (NASDAQ:BREW) have received a consensus rating of “Hold” from the nine brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $13.13.

Several analysts recently commented on the stock. Cowen lowered shares of Craft Brew Alliance from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 27th. Maxim Group cut Craft Brew Alliance from a “buy” rating to a “hold” rating and lifted their target price for the stock from $16.00 to $16.50 in a report on Tuesday, November 12th. BidaskClub cut Craft Brew Alliance from a “sell” rating to a “strong sell” rating in a report on Saturday, January 18th. TheStreet raised Craft Brew Alliance from a “d+” rating to a “c” rating in a report on Tuesday, December 10th. Finally, ValuEngine raised shares of Craft Brew Alliance from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

Craft Brew Alliance stock remained flat at $$16.42 during midday trading on Friday. 117,333 shares of the company’s stock traded hands, compared to its average volume of 126,143. Craft Brew Alliance has a 12-month low of $7.11 and a 12-month high of $17.40. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.82. The firm has a market capitalization of $320.12 million, a P/E ratio of -48.29 and a beta of 0.98. The business’s 50 day simple moving average is $16.47 and its 200-day simple moving average is $12.99.

Craft Brew Alliance (NASDAQ:BREW) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.07). Craft Brew Alliance had a negative net margin of 3.10% and a negative return on equity of 3.32%. The business had revenue of $50.30 million for the quarter, compared to the consensus estimate of $56.88 million. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. As a group, equities analysts predict that Craft Brew Alliance will post -0.01 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of BREW. AdvisorShares Investments LLC acquired a new stake in shares of Craft Brew Alliance in the fourth quarter valued at about $415,000. FNY Investment Advisers LLC acquired a new position in Craft Brew Alliance during the fourth quarter valued at approximately $1,717,000. Millennium Management LLC acquired a new position in Craft Brew Alliance during the third quarter valued at approximately $125,000. State Street Corp grew its stake in Craft Brew Alliance by 2.5% in the third quarter. State Street Corp now owns 241,662 shares of the company’s stock valued at $1,979,000 after purchasing an additional 6,002 shares in the last quarter. Finally, Monarch Partners Asset Management LLC bought a new position in Craft Brew Alliance in the third quarter valued at approximately $253,000. 42.67% of the stock is owned by institutional investors and hedge funds.

Craft Brew Alliance Company 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, Omission, Appalachian Mountain, Cisco, Redhook, Widmer Brothers, and Wynwood brands; and ciders under the Square Mile brand name.

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Analyst Recommendations for Craft Brew Alliance (NASDAQ:BREW)

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