Goldman Sachs Group Inc. grew its position in Craft Brew Alliance, Inc. (NASDAQ:BREW) by 17.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,193 shares of the company’s stock after acquiring an additional 3,937 shares during the quarter. Goldman Sachs Group Inc. owned 0.14% of Craft Brew Alliance worth $441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in BREW. American International Group Inc. increased its position in shares of Craft Brew Alliance by 7.0% during the 1st quarter. American International Group Inc. now owns 7,778 shares of the company’s stock valued at $104,000 after purchasing an additional 510 shares during the last quarter. Perkins Capital Management Inc. increased its position in shares of Craft Brew Alliance by 0.8% during the 2nd quarter. Perkins Capital Management Inc. now owns 12,550 shares of the company’s stock valued at $211,000 after purchasing an additional 100 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Craft Brew Alliance by 2.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 16,906 shares of the company’s stock valued at $226,000 after purchasing an additional 476 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Craft Brew Alliance by 54.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 27,800 shares of the company’s stock valued at $372,000 after purchasing an additional 9,800 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Craft Brew Alliance by 3.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 32,878 shares of the company’s stock valued at $554,000 after purchasing an additional 1,081 shares during the last quarter. 31.43% of the stock is currently owned by institutional investors and hedge funds.

Craft Brew Alliance, Inc. (NASDAQ:BREW) opened at $19.55 on Tuesday. The firm has a market capitalization of $380.14, a P/E ratio of 179.09 and a beta of 0.48. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.19. Craft Brew Alliance, Inc. has a 12-month low of $12.00 and a 12-month high of $20.00.

Craft Brew Alliance (NASDAQ:BREW) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.03. Craft Brew Alliance had a return on equity of 1.79% and a net margin of 0.85%. The company had revenue of $60.04 million during the quarter, compared to analysts’ expectations of $57.13 million. During the same quarter in the previous year, the business earned $0.03 EPS. Craft Brew Alliance’s revenue was up 2.4% compared to the same quarter last year. analysts forecast that Craft Brew Alliance, Inc. will post 0.11 earnings per share for the current year.

Several equities analysts have recently weighed in on BREW shares. Susquehanna Bancshares Inc started coverage on Craft Brew Alliance in a research report on Monday, October 2nd. They set a “positive” rating and a $22.00 target price on the stock. Zacks Investment Research downgraded Craft Brew Alliance from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 16th. ValuEngine raised Craft Brew Alliance from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Cowen and Company reissued a “buy” rating and set a $20.00 target price on shares of Craft Brew Alliance in a research report on Thursday, October 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Craft Brew Alliance has a consensus rating of “Buy” and a consensus target price of $21.33.

TRADEMARK VIOLATION WARNING: “Goldman Sachs Group Inc. Grows Holdings in Craft Brew Alliance, Inc. (BREW)” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/14/goldman-sachs-group-inc-grows-holdings-in-craft-brew-alliance-inc-brew.html.

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.

Want to see what other hedge funds are holding BREW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Craft Brew Alliance, Inc. (NASDAQ:BREW).

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

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.