Craft Brew Alliance Inc. (NASDAQ:BREW) COO J Scott Mennen purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, November 8th. The stock was purchased at an average price of $14.01 per share, with a total value of $70,050.00. Following the transaction, the chief operating officer now owns 7,315 shares of the company’s stock, valued at $102,483.15. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Craft Brew Alliance Inc. (NASDAQ:BREW) opened at 16.40 on Monday. Craft Brew Alliance Inc. has a 1-year low of $6.80 and a 1-year high of $22.40. The company’s 50 day moving average price is $17.26 and its 200-day moving average price is $13.74. The firm has a market cap of $315.81 million, a price-to-earnings ratio of 364.44 and a beta of 0.53.

Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.09. Craft Brew Alliance had a return on equity of 0.73% and a net margin of 0.42%. The business had revenue of $58.70 million for the quarter, compared to analyst estimates of $59.09 million. During the same quarter last year, the firm posted $0.04 EPS. The company’s revenue was up .3% compared to the same quarter last year. Equities analysts expect that Craft Brew Alliance Inc. will post $0.11 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System raised its position in shares of Craft Brew Alliance by 22.1% in the second quarter. California State Teachers Retirement System now owns 26,506 shares of the company’s stock worth $305,000 after buying an additional 4,800 shares during the period. PEAK6 Investments L.P. acquired a new position in shares of Craft Brew Alliance during the second quarter worth about $121,000. Spot Trading L.L.C acquired a new position in shares of Craft Brew Alliance during the second quarter worth about $160,000. Bank of New York Mellon Corp raised its position in shares of Craft Brew Alliance by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 43,244 shares of the company’s stock worth $498,000 after buying an additional 123 shares during the period. Finally, Jefferies Group LLC acquired a new position in shares of Craft Brew Alliance during the second quarter worth about $193,000. Institutional investors own 22.41% of the company’s stock.

A number of analysts recently commented on BREW shares. Zacks Investment Research raised Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Tuesday, September 27th. Citigroup Inc. increased their price objective on Craft Brew Alliance from $14.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, September 2nd. TheStreet raised Craft Brew Alliance from a “hold” rating to a “buy” rating in a research note on Wednesday, August 10th. Finally, Sidoti raised Craft Brew Alliance from a “neutral” rating to a “buy” rating in a research note on Thursday, August 4th.

About Craft Brew Alliance

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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