Craft Brew Alliance (BREW) Receives Daily News Sentiment Rating of 0.10
Media stories about Craft Brew Alliance (NASDAQ:BREW) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Craft Brew Alliance earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the company an impact score of 44.7939540356974 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Constellation Brands (STZ) Tops Q2 Earnings & Sales Estimates (finance.yahoo.com)
- Constellation Brands' Ballast Point Brings Zesty Fathom IPA (finance.yahoo.com)
- Craft Brew Alliance, Inc. (BREW) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Craft Brew Alliance, Inc. (BREW) Research Coverage Started at Susquehanna Bancshares Inc (americanbankingnews.com)
- Craft Brew Alliance, Inc. breached its 50 day moving average in a Bullish Manner : BREW-US : September 29, 2017 (finance.yahoo.com)
BREW has been the subject of a number of research analyst reports. Susquehanna Bancshares Inc initiated coverage on shares of Craft Brew Alliance in a research note on Monday. They issued a “positive” rating and a $22.00 price target for the company. Zacks Investment Research upgraded shares of Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Tuesday, July 18th. ValuEngine upgraded shares of Craft Brew Alliance from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Cowen and Company restated a “buy” rating and set a $20.00 target price on shares of Craft Brew Alliance in a research report on Tuesday, September 12th. Finally, BidaskClub upgraded shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Craft Brew Alliance has an average rating of “Buy” and a consensus target price of $21.00.
Shares of Craft Brew Alliance (NASDAQ BREW) traded down 0.27% during mid-day trading on Friday, reaching $18.20. 36,874 shares of the company traded hands. The firm has a 50-day moving average price of $17.69 and a 200 day moving average price of $16.42. The firm has a market capitalization of $351.13 million, a price-to-earnings ratio of 674.07 and a beta of 0.51. Craft Brew Alliance has a 52 week low of $12.00 and a 52 week high of $19.40.
Craft Brew Alliance (NASDAQ:BREW) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Craft Brew Alliance had a return on equity of 0.80% and a net margin of 0.27%. The business had revenue of $60.55 million for the quarter, compared to analysts’ expectations of $58.54 million. During the same period in the prior year, the business posted $0.12 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts anticipate that Craft Brew Alliance will post $0.12 earnings per share for the current year.
In other Craft Brew Alliance news, CEO Andrew J. Thomas sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $18.14, for a total transaction of $72,560.00. Following the completion of the transaction, the chief executive officer now directly owns 7,834 shares of the company’s stock, valued at approximately $142,108.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.70% of the company’s stock.
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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