Craft Brew Alliance (BREW) Now Covered by Analysts at Stifel Nicolaus

Stifel Nicolaus assumed coverage on shares of Craft Brew Alliance (NASDAQ:BREW) in a report issued on Tuesday. The brokerage issued a hold rating and a $19.00 target price on the stock.

BREW has been the subject of a number of other research reports. Susquehanna Bancshares started coverage on Craft Brew Alliance in a research report on Monday, October 2nd. They set a positive rating and a $22.00 price objective for the company. Zacks Investment Research upgraded Craft Brew Alliance from a hold rating to a buy rating and set a $22.00 price objective for the company in a research report on Monday, November 13th. ValuEngine upgraded Craft Brew Alliance from a sell rating to a hold rating in a research report on Friday, September 1st. Cowen restated a buy rating and issued a $20.00 target price on shares of Craft Brew Alliance in a report on Thursday, October 19th. Finally, BidaskClub upgraded Craft Brew Alliance from a hold rating to a buy rating in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $20.75.

Shares of Craft Brew Alliance (NASDAQ BREW) traded down $0.10 during midday trading on Tuesday, reaching $19.55. The company’s stock had a trading volume of 32,000 shares, compared to its average volume of 111,974. The company has a current ratio of 1.56, a quick ratio of 1.18 and a debt-to-equity ratio of 0.19. The company has a market cap of $379.18, a price-to-earnings ratio of 178.64 and a beta of 0.47. Craft Brew Alliance has a 52-week low of $12.00 and a 52-week high of $20.10.

Craft Brew Alliance (NASDAQ:BREW) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. Craft Brew Alliance had a return on equity of 1.79% and a net margin of 0.85%. The firm had revenue of $60.04 million during the quarter, compared to analyst estimates of $57.13 million. During the same period last year, the company posted $0.03 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. analysts predict that Craft Brew Alliance will post 0.11 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Kennedy Capital Management Inc. raised its holdings in shares of Craft Brew Alliance by 14.4% during the second quarter. Kennedy Capital Management Inc. now owns 319,249 shares of the company’s stock worth $5,379,000 after acquiring an additional 40,248 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Craft Brew Alliance during the second quarter worth $1,649,000. GSA Capital Partners LLP increased its position in Craft Brew Alliance by 123.2% during the second quarter. GSA Capital Partners LLP now owns 36,591 shares of the company’s stock worth $617,000 after buying an additional 20,200 shares during the last quarter. Quantum Capital Management acquired a new position in Craft Brew Alliance during the third quarter worth $653,000. Finally, TIAA CREF Investment Management LLC increased its position in Craft Brew Alliance by 3.4% during the second quarter. TIAA CREF Investment Management LLC now owns 32,878 shares of the company’s stock worth $554,000 after buying an additional 1,081 shares during the last quarter. Institutional investors and hedge funds own 34.19% of the company’s stock.

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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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