BidaskClub cut shares of Craft Brew Alliance (NASDAQ:BREW) from a buy rating to a hold rating in a report issued on Thursday morning.

A number of other brokerages have also weighed in on BREW. Zacks Investment Research lowered Craft Brew Alliance from a buy rating to a hold rating in a research report on Monday, July 16th. TheStreet raised Craft Brew Alliance from a c+ rating to a b- rating in a research report on Monday, May 21st. ValuEngine raised Craft Brew Alliance from a hold rating to a buy rating in a research report on Monday, April 2nd. Susquehanna Bancshares set a $22.00 target price on Craft Brew Alliance and gave the stock a buy rating in a research report on Friday, May 11th. Finally, Stifel Nicolaus lowered their target price on Craft Brew Alliance from $21.00 to $18.00 and set a hold rating on the stock in a research report on Friday, May 11th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $20.67.

Shares of Craft Brew Alliance opened at $19.65 on Thursday, according to MarketBeat Ratings. Craft Brew Alliance has a 52-week low of $16.55 and a 52-week high of $21.00. The company has a current ratio of 1.53, a quick ratio of 1.04 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $379.44 million, a price-to-earnings ratio of 140.36 and a beta of 0.49.

Craft Brew Alliance (NASDAQ:BREW) last issued its quarterly earnings results on Wednesday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. Craft Brew Alliance had a return on equity of 3.62% and a net margin of 5.38%. The firm had revenue of $47.49 million for the quarter, compared to analyst estimates of $43.86 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. equities analysts predict that Craft Brew Alliance will post 0.35 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Campbell & CO Investment Adviser LLC acquired a new position in shares of Craft Brew Alliance during the second quarter worth approximately $476,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Craft Brew Alliance during the first quarter worth approximately $217,000. Barclays PLC grew its holdings in Craft Brew Alliance by 28.9% during the first quarter. Barclays PLC now owns 37,477 shares of the company’s stock worth $696,000 after buying an additional 8,392 shares in the last quarter. Cannell Capital LLC grew its holdings in Craft Brew Alliance by 13.6% during the first quarter. Cannell Capital LLC now owns 732,645 shares of the company’s stock worth $13,627,000 after buying an additional 87,512 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Craft Brew Alliance by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,287,495 shares of the company’s stock worth $23,947,000 after buying an additional 18,168 shares in the last quarter. 35.42% of the stock is currently owned by institutional investors.

Craft Brew Alliance Company Profile

Craft Brew Alliance, Inc brews and sells craft beers and ciders in the United States and internationally. It operates through two segments, Beer Related Operations and Brewpubs Operations. It offers beers under the Kona, Widmer Brothers, Redhook, and Omission brands; and ciders under the Square Mile brand name.

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Analyst Recommendations for Craft Brew Alliance (NASDAQ:BREW)

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