Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Craft Brew Alliance (BREW) Stock Price
Headlines about Craft Brew Alliance (NASDAQ:BREW) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Craft Brew Alliance earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 44.6212987451256 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
BREW has been the topic of a number of research reports. Cowen reiterated a “buy” rating and set a $20.00 target price on shares of Craft Brew Alliance in a research report on Thursday, October 19th. Zacks Investment Research upgraded shares of Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday, October 17th. Susquehanna Bancshares set a $22.00 target price on shares of Craft Brew Alliance and gave the company a “buy” rating in a research report on Monday, December 11th. Finally, Stifel Nicolaus initiated coverage on shares of Craft Brew Alliance in a research report on Tuesday, December 5th. They set a “hold” rating and a $19.00 target price on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $20.75.
Craft Brew Alliance (BREW) opened at $19.80 on Thursday. 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 has a 1 year low of $12.00 and a 1 year high of $20.10. The stock has a market cap of $380.14, a price-to-earnings ratio of 220.00 and a beta of 0.47.
Craft Brew Alliance (NASDAQ:BREW) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. Craft Brew Alliance had a net margin of 0.85% and a return on equity of 1.79%. The firm had revenue of $60.04 million for the quarter, compared to the consensus estimate of $57.13 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. research analysts expect that Craft Brew Alliance will post 0.12 earnings per share for the current fiscal year.
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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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