Craft Brew Alliance (NASDAQ:BREW) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday, ValuEngine reports.

Several other equities research analysts have also weighed in on BREW. Cowen cut their target price on Craft Brew Alliance from $23.00 to $14.00 in a research report on Thursday, September 5th. BMO Capital Markets cut their price objective on shares of Craft Brew Alliance from $12.00 to $10.00 and set a “market perform” rating on the stock in a report on Friday. Maxim Group reduced their price objective on shares of Craft Brew Alliance from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Friday. Zacks Investment Research upped their target price on shares of Craft Brew Alliance to $73.75 in a report on Tuesday. Finally, BidaskClub downgraded shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Craft Brew Alliance presently has a consensus rating of “Hold” and a consensus target price of $26.55.

Shares of Craft Brew Alliance stock traded down $0.03 during trading on Tuesday, hitting $9.27. 143,688 shares of the stock were exchanged, compared to its average volume of 107,012. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.32 and a quick ratio of 0.83. The firm’s 50-day moving average price is $12.78 and its 200 day moving average price is $14.30. The stock has a market cap of $175.58 million, a price-to-earnings ratio of 44.14 and a beta of 0.53. Craft Brew Alliance has a 12-month low of $8.75 and a 12-month high of $18.71.

Craft Brew Alliance (NASDAQ:BREW) last posted its earnings results on Wednesday, August 7th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). The business had revenue of $60.60 million during the quarter, compared to analysts’ expectations of $65.36 million. Craft Brew Alliance had a negative net margin of 2.42% and a negative return on equity of 1.13%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.23 EPS. As a group, research analysts forecast that Craft Brew Alliance will post -0.28 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BREW. Bank of Montreal Can lifted its position in Craft Brew Alliance by 57.5% during the 2nd quarter. Bank of Montreal Can now owns 2,092 shares of the company’s stock worth $29,000 after acquiring an additional 764 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Craft Brew Alliance by 5.7% during the second quarter. Parametric Portfolio Associates LLC now owns 16,910 shares of the company’s stock worth $237,000 after purchasing an additional 910 shares during the period. Raymond James & Associates lifted its holdings in shares of Craft Brew Alliance by 0.8% during the first quarter. Raymond James & Associates now owns 157,197 shares of the company’s stock worth $2,198,000 after purchasing an additional 1,246 shares during the period. Aperio Group LLC acquired a new stake in shares of Craft Brew Alliance during the second quarter worth $27,000. Finally, Northern Trust Corp grew its position in Craft Brew Alliance by 1.3% in the 2nd quarter. Northern Trust Corp now owns 165,898 shares of the company’s stock valued at $2,322,000 after buying an additional 2,123 shares during the last quarter. 35.20% of the stock is currently owned by hedge funds and other 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, Omission, Appalachian Mountain, Cisco, Redhook, Widmer Brothers, and Wynwood brands; and ciders under the Square Mile brand name.

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