Schwab Charles Investment Management Inc. lessened its stake in shares of Craft Brew Alliance, Inc. (NASDAQ:BREW) by 41.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,200 shares of the company’s stock after selling 11,600 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.08% of Craft Brew Alliance worth $273,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BREW. Bank of New York Mellon Corp boosted its holdings in Craft Brew Alliance by 4.1% during the first quarter. Bank of New York Mellon Corp now owns 48,628 shares of the company’s stock worth $649,000 after buying an additional 1,897 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Craft Brew Alliance by 2.9% during the first quarter. Parametric Portfolio Associates LLC now owns 16,906 shares of the company’s stock worth $226,000 after buying an additional 476 shares in the last quarter. American International Group Inc. boosted its holdings in Craft Brew Alliance by 7.0% during the first quarter. American International Group Inc. now owns 7,778 shares of the company’s stock worth $104,000 after buying an additional 510 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Craft Brew Alliance by 4.3% during the first quarter. Geode Capital Management LLC now owns 82,765 shares of the company’s stock worth $1,104,000 after buying an additional 3,404 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Craft Brew Alliance by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,265,394 shares of the company’s stock worth $16,893,000 after buying an additional 40,152 shares in the last quarter. Hedge funds and other institutional investors own 32.21% of the company’s stock.

Craft Brew Alliance, Inc. (BREW) opened at $19.15 on Friday. Craft Brew Alliance, Inc. has a 52 week low of $12.00 and a 52 week high of $19.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.52 and a quick ratio of 1.19. The company has a market cap of $341.55, a P/E ratio of 160.91 and a beta of 0.48.

Craft Brew Alliance (NASDAQ:BREW) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Craft Brew Alliance had a net margin of 0.85% and a return on equity of 1.80%. The firm had revenue of $60.04 million during the quarter, compared to analyst estimates of $57.13 million. During the same quarter last year, the business posted $0.03 EPS. The company’s revenue was up 2.4% on a year-over-year basis. analysts forecast that Craft Brew Alliance, Inc. will post 0.09 earnings per share for the current fiscal year.

A number of analysts recently weighed in on the stock. Susquehanna Bancshares Inc assumed coverage on shares of Craft Brew Alliance in a report on Monday, October 2nd. They set a “positive” rating and a $22.00 target price for the company. Cowen and Company restated an “outperform” rating and set a $20.00 target price (up from $19.00) on shares of Craft Brew Alliance in a report on Wednesday, August 9th. Zacks Investment Research cut shares of Craft Brew Alliance from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. BidaskClub upgraded shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, ValuEngine cut shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $21.00.

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Craft Brew Alliance 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.

Institutional Ownership by Quarter for Craft Brew Alliance (NASDAQ:BREW)

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