News coverage about Craft Brew Alliance (NASDAQ:BREW) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Craft Brew Alliance earned a news impact score of 0.08 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.9191252853671 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Craft Brew Alliance, Inc. breached its 50 day moving average in a Bearish Manner : BREW-US : October 27, 2017 (finance.yahoo.com)
- Craft Brew Alliance, Inc. (BREW) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Craft Brew Alliance to Hold Third Quarter 2017 Earnings Call on November 9 (brewbound.com)
- Craft Brew Alliance to Hold Third Quarter 2017 Earnings Call November 9, 2017 (finance.yahoo.com)
- Craft Brew Alliance, Inc. (BREW) Scheduled to Post Quarterly Earnings on Tuesday (americanbankingnews.com)
A number of equities analysts have recently issued reports on the company. BidaskClub upgraded Craft Brew Alliance from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut Craft Brew Alliance from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Cowen and Company reaffirmed an “outperform” rating and issued a $20.00 target price (up from $19.00) on shares of Craft Brew Alliance in a report on Wednesday, August 9th. Finally, ValuEngine cut Craft Brew Alliance from a “hold” rating to a “sell” rating in a report on Saturday, August 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Craft Brew Alliance has a consensus rating of “Buy” and an average price target of $21.00.
Craft Brew Alliance (BREW) opened at 17.45 on Tuesday. The company has a market capitalization of $336.66 million, a PE ratio of 646.30 and a beta of 0.51. The company has a 50-day moving average price of $17.86 and a 200-day moving average price of $17.06. Craft Brew Alliance has a one year low of $12.00 and a one year high of $19.20.
Craft Brew Alliance (NASDAQ:BREW) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Craft Brew Alliance had a net margin of 0.27% and a return on equity of 0.80%. The business had revenue of $60.55 million during the quarter, compared to analysts’ expectations of $58.54 million. During the same period in the previous year, the company posted $0.12 earnings per share. Craft Brew Alliance’s revenue for the quarter was down 2.8% compared to the same quarter last year. Analysts expect that Craft Brew Alliance will post $0.11 earnings per share for the current fiscal year.
In other Craft Brew Alliance news, CEO Andrew J. Thomas sold 4,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $18.14, for a total value of $72,560.00. Following the sale, the chief executive officer now directly owns 7,834 shares of the company’s stock, valued at $142,108.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by corporate insiders.
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Craft Brew Alliance Company 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.
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