Craft Brew Alliance Inc (BREW) Director Sells $96,300.00 in Stock
Craft Brew Alliance Inc (NASDAQ:BREW) Director David R. Lord sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $16.05, for a total value of $96,300.00. Following the sale, the director now directly owns 29,498 shares of the company’s stock, valued at $473,442.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Craft Brew Alliance Inc (NASDAQ:BREW) traded down 6.69% on Tuesday, reaching $15.35. The company’s stock had a trading volume of 159,837 shares. The company has a 50 day moving average of $16.39 and a 200 day moving average of $14.41. The firm has a market capitalization of $295.59 million, a price-to-earnings ratio of 341.11 and a beta of 0.53. Craft Brew Alliance Inc has a 52 week low of $6.80 and a 52 week high of $22.40.
Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.09. The company earned $58.70 million during the quarter, compared to analyst estimates of $59.09 million. Craft Brew Alliance had a net margin of 0.42% and a return on equity of 0.73%. The firm’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.04 earnings per share. On average, analysts forecast that Craft Brew Alliance Inc will post $0.11 earnings per share for the current year.
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A number of brokerages recently issued reports on BREW. Zacks Investment Research lowered Craft Brew Alliance from a “buy” rating to a “hold” rating in a research note on Monday, September 5th. Citigroup Inc. raised their price target on Craft Brew Alliance from $14.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, September 2nd. TheStreet lowered Craft Brew Alliance from a “buy” rating to a “hold” rating in a research note on Thursday, November 10th. Finally, Sidoti raised Craft Brew Alliance from a “neutral” rating to a “buy” rating in a research note on Thursday, August 4th.
A number of institutional investors have recently bought and sold shares of BREW. Dimensional Fund Advisors LP raised its position in Craft Brew Alliance by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,105,244 shares of the company’s stock valued at $12,732,000 after buying an additional 12,364 shares during the period. Vanguard Group Inc. raised its position in Craft Brew Alliance by 1.5% in the second quarter. Vanguard Group Inc. now owns 419,185 shares of the company’s stock valued at $4,829,000 after buying an additional 6,064 shares during the period. BlackRock Fund Advisors raised its position in Craft Brew Alliance by 7.8% in the third quarter. BlackRock Fund Advisors now owns 352,122 shares of the company’s stock valued at $6,630,000 after buying an additional 25,393 shares during the period. Raymond James & Associates raised its position in Craft Brew Alliance by 16.3% in the second quarter. Raymond James & Associates now owns 171,261 shares of the company’s stock valued at $1,973,000 after buying an additional 24,051 shares during the period. Finally, State Street Corp raised its position in Craft Brew Alliance by 3.9% in the second quarter. State Street Corp now owns 153,738 shares of the company’s stock valued at $1,770,000 after buying an additional 5,712 shares during the period. 26.56% of the stock is currently owned by hedge funds and other institutional investors.
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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