Joseph Kirk Vanderstelt Acquires 4,920 Shares of Craft Brew Alliance Inc. (BREW) Stock
Craft Brew Alliance Inc. (NASDAQ:BREW) CFO Joseph Kirk Vanderstelt purchased 4,920 shares of the stock in a transaction dated Thursday, November 10th. The shares were acquired at an average cost of $15.40 per share, with a total value of $75,768.00. Following the acquisition, the chief financial officer now directly owns 4,920 shares in the company, valued at approximately $75,768. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Craft Brew Alliance Inc. (NASDAQ:BREW) opened at 16.40 on Monday. Craft Brew Alliance Inc. has a 12 month low of $6.80 and a 12 month 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 company 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 posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.03 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 company earned $58.70 million during the quarter, compared to the consensus estimate of $59.09 million. During the same period in the previous year, the business earned $0.04 earnings per share. Craft Brew Alliance’s revenue was up .3% on a year-over-year basis. Analysts anticipate that Craft Brew Alliance Inc. will post $0.11 EPS for the current year.
Several large investors have recently modified their holdings of the company. BlackRock Fund Advisors increased its stake in shares of Craft Brew Alliance by 24.9% in the second quarter. BlackRock Fund Advisors now owns 326,729 shares of the company’s stock worth $3,764,000 after buying an additional 65,124 shares during the period. Emerald Acquisition Ltd. purchased a new stake in Craft Brew Alliance during the third quarter worth $820,000. Panagora Asset Management Inc. increased its stake in Craft Brew Alliance by 900.0% in the second quarter. Panagora Asset Management Inc. now owns 40,101 shares of the company’s stock worth $462,000 after buying an additional 36,091 shares during the last quarter. First Trust Advisors LP purchased a new stake in Craft Brew Alliance during the third quarter worth $544,000. Finally, USA Financial Portformulas Corp purchased a new stake in Craft Brew Alliance during the third quarter worth $522,000. Institutional investors own 22.41% of the company’s stock.
A number of research firms have recently commented on BREW. TheStreet 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, September 5th. Sidoti raised Craft Brew Alliance from a “neutral” rating to a “buy” rating in a report on Thursday, August 4th. Finally, Citigroup Inc. boosted their price target on Craft Brew Alliance from $10.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, August 5th.
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.
Receive News & Stock Ratings for Craft Brew Alliance Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Craft Brew Alliance Inc. and related stocks with our FREE daily email newsletter.