California Public Employees Retirement System held its position in shares of Craft Brew Alliance, Inc. (NASDAQ:BREW) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,190 shares of the company’s stock at the end of the 2nd quarter. California Public Employees Retirement System owned approximately 0.20% of Craft Brew Alliance worth $660,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in Craft Brew Alliance by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,265,394 shares of the company’s stock valued at $16,893,000 after purchasing an additional 40,152 shares during the last quarter. Vanguard Group Inc. raised its stake in Craft Brew Alliance by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 385,787 shares of the company’s stock valued at $6,500,000 after purchasing an additional 16,970 shares during the last quarter. Kennedy Capital Management Inc. raised its stake in Craft Brew Alliance by 14.4% in the 2nd quarter. Kennedy Capital Management Inc. now owns 319,249 shares of the company’s stock valued at $5,379,000 after purchasing an additional 40,248 shares during the last quarter. Balter Liquid Alternatives LLC raised its stake in Craft Brew Alliance by 32.8% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 205,301 shares of the company’s stock valued at $3,459,000 after purchasing an additional 50,749 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Craft Brew Alliance by 10.0% in the 2nd quarter. Northern Trust Corp now owns 155,557 shares of the company’s stock valued at $2,621,000 after purchasing an additional 14,110 shares during the last quarter. Institutional investors and hedge funds own 31.43% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Craft Brew Alliance, Inc. (BREW) Holdings Maintained by California Public Employees Retirement System” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/11/19/craft-brew-alliance-inc-brew-holdings-maintained-by-california-public-employees-retirement-system.html.

A number of research analysts have recently commented on the stock. BidaskClub raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research downgraded shares of Craft Brew Alliance from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Cowen and Company reaffirmed an “outperform” rating and set a $20.00 price objective (up previously from $19.00) on shares of Craft Brew Alliance in a research note on Wednesday, August 9th. ValuEngine downgraded shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, Susquehanna Bancshares Inc initiated coverage on shares of Craft Brew Alliance in a research report on Monday, October 2nd. They set a “positive” rating and a $22.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $21.33.

Shares of Craft Brew Alliance, Inc. (NASDAQ:BREW) opened at $19.70 on Friday. The stock has a market cap of $380.15, a P/E ratio of 179.09 and a beta of 0.48. Craft Brew Alliance, Inc. has a 1 year low of $12.00 and a 1 year high of $20.00. 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 (NASDAQ:BREW) last posted its earnings results on Wednesday, November 8th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. The firm had revenue of $60.04 million during the quarter, compared to the consensus estimate of $57.13 million. Craft Brew Alliance had a net margin of 0.85% and a return on equity of 1.79%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. analysts expect that Craft Brew Alliance, Inc. will post 0.11 earnings per share for the current year.

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)

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.