Craft Brew Alliance, Inc. (NASDAQ:BREW) Reviewed By Analysts

Bruno Cirelli
Agosto 9, 2017

(NASDAQ:BREW) by 88.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). (NASDAQ:BREW) have recently changed their ratings on the stock. Equities analysts anticipate that Craft Brew Alliance will post $0.11 EPS for the current fiscal year. Teachers Advisors LLC now owns 25,000 shares of the company's stock valued at $423,000 after buying an additional 8,677 shares during the period. The Company operates through two segments: Beer Related operations, which include the brewing operations and related domestic and global 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. Russell Investments Group Ltd. bought a new position in Craft Brew Alliance during the second quarter worth about $1,649,000. Wells Fargo & Company MN raised its position in Craft Brew Alliance by 40.8% in the first quarter. BNP Paribas Arbitrage, SA augmented its investment by buying 1,268 shares an increase of 6,673.7% from 03/31/2017 to 06/30/2017. Parametric Portfolio Associates LLC now owns 16,906 shares of the company's stock worth $226,000 after buying an additional 476 shares in the last quarter.

First Manhattan Co. increased its position in shares of Craft Brew Alliance, Inc. Overall, volume was up 98.31% over the stocks normal daily volume. Company chares are trading at $17.75 which is a tad above the 50 day moving average of $17.38 and marginally over the 200 day moving average of $15.50. The stock has a market capitalization of $342.45 million, a price-to-earnings ratio of 657.41 and a beta of 0.47. Jefferies Group Lc has invested 0% in Craft Brew Alliance Inc (NASDAQ:BREW). The value of the company's investment in Craft Brew Alliance, Inc. increased from $198,000 to $217,000 increasing 9.6% since the last quarter. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by $0.02.

Craft Brew Alliance, Inc., launched on May 4, 1981, is a craft brewing company that is involved in brewing, branding and bringing to market American craft beers. The firm had revenue of $60.55 million for the quarter, compared to analysts' expectations of $58.54 million. During the same quarter previous year, the firm earned $0.12 EPS. Kennedy Capital Management Inc. raised its position in Craft Brew Alliance by 181.4% in the first quarter.

10/30/2015 - Craft Brew Alliance, Inc. had its " rating reiterated by analysts at Roth Capital.

ILLEGAL ACTIVITY NOTICE: "Delta Asset Management LLC TN Continues to Hold Stake in Craft Brew Alliance, Inc". The value of the investment in (BREW) went from $583,000 to $1,387,000 a change of 137.9% for the reporting period. If you are viewing this piece on another website, it was stolen and reposted in violation of U.S. and worldwide trademark and copyright legislation. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/08/07/craft-brew-alliance-inc-nasdaqbrew-rating-increased-to-buy-at-zacks-investment-research-updated-updated.html.

The stock of Craft Brew Alliance Inc (NASDAQ:BREW) has "Buy" rating given on Thursday, July 13 by Cowen & Co.

On September 2 Citigroup kept the company rating at "Neutral" but raised the price target from $10.00 to $20.00. The Company brews its craft beers in approximately four company-owned breweries located in Portland, Oregon; the Seattle suburb of Woodinville, Washington; Portsmouth, New Hampshire; Kailua-Kona, Hawaii, and a brewery in Memphis, Tennessee owned by its brewing partner. The Firm operates through two divisions: Beer Related operations, which include the brewing activities and related domestic and worldwide 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.

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