Zacks Investment Research cut shares of Craft Brew Alliance (NASDAQ:BREW) from a hold rating to a sell rating in a research note released on Wednesday.

According to Zacks, “Craft Brew Alliance Inc. is engaged in the business of brewing, marketing and selling of craft beers in the United States. The Company operates in two segments: Beer Related operations and Pubs and Other. Craft Brew owns and operates production breweries with adjacent restaurants or pubs in Portland, Oregon, Woodinville, Washington and Portsmouth, New Hampshire and in Kona, Hawaii. It offers its beer products under the Widmer Brothers, Redhook and Kona Brewing brand names. Craft Brew Alliance Inc., formerly known as Craft Brewers Alliance, Inc., is headquartered in Portland, Oregon. “

Several other equities analysts have also recently weighed in on the company. Citigroup set a $19.00 price target on Craft Brew Alliance and gave the company a hold rating in a research report on Monday. ValuEngine upgraded Craft Brew Alliance from a hold rating to a buy rating in a research report on Friday, October 26th. Finally, BidaskClub upgraded Craft Brew Alliance from a strong sell rating to a sell rating in a research report on Friday, October 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Craft Brew Alliance presently has a consensus rating of Hold and an average target price of $20.00.

Shares of NASDAQ BREW traded down $0.01 during mid-day trading on Wednesday, hitting $16.69. The company had a trading volume of 87,087 shares, compared to its average volume of 92,789. The stock has a market cap of $323.87 million, a PE ratio of 119.21 and a beta of 0.26. Craft Brew Alliance has a 1 year low of $15.76 and a 1 year high of $21.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.16 and a current ratio of 1.63.

Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.00 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.13). The company had revenue of $55.64 million during the quarter, compared to analysts’ expectations of $57.93 million. Craft Brew Alliance had a net margin of 5.86% and a return on equity of 4.20%. Craft Brew Alliance’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 earnings per share. On average, sell-side analysts predict that Craft Brew Alliance will post 0.43 EPS for the current year.

A number of large investors have recently bought and sold shares of BREW. Wells Fargo & Company MN boosted its stake in Craft Brew Alliance by 5.9% during the first quarter. Wells Fargo & Company MN now owns 50,330 shares of the company’s stock valued at $936,000 after buying an additional 2,816 shares during the period. Northern Trust Corp boosted its stake in Craft Brew Alliance by 2.4% during the first quarter. Northern Trust Corp now owns 151,451 shares of the company’s stock valued at $2,817,000 after buying an additional 3,500 shares during the period. Acadian Asset Management LLC boosted its stake in Craft Brew Alliance by 92.0% during the second quarter. Acadian Asset Management LLC now owns 31,094 shares of the company’s stock valued at $642,000 after buying an additional 14,897 shares during the period. Perkins Capital Management Inc. boosted its stake in Craft Brew Alliance by 35.1% during the second quarter. Perkins Capital Management Inc. now owns 64,600 shares of the company’s stock valued at $1,334,000 after buying an additional 16,800 shares during the period. Finally, Engineers Gate Manager LP bought a new stake in Craft Brew Alliance during the second quarter valued at $272,000. 37.21% of the stock is 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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