Brick Brewing (BRB) Rating Reiterated by M Partners

M Partners reiterated their buy rating on shares of Brick Brewing (TSE:BRB) in a research note published on Wednesday. M Partners also issued estimates for Brick Brewing’s FY2018 earnings at $0.08 EPS, FY2019 earnings at $0.14 EPS and FY2020 earnings at $0.19 EPS.

Separately, Acumen Capital boosted their price objective on Brick Brewing from C$4.60 to C$4.80 in a research report on Thursday.

Brick Brewing (TSE BRB) traded up C$0.10 on Wednesday, hitting C$4.10. The stock had a trading volume of 67,890 shares, compared to its average volume of 30,817. The company has a market capitalization of $144.53, a PE ratio of 45.56 and a beta of 0.04. Brick Brewing has a 1-year low of C$2.55 and a 1-year high of C$4.26.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be given a dividend of $0.02 per share. The ex-dividend date is Monday, January 8th. This is a boost from Brick Brewing’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.95%. Brick Brewing’s payout ratio is currently 53.33%.

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About Brick Brewing

Brick Brewing Co Limited produces, sells, markets, and distributes packaged and draft premium beer under the Waterloo brand; and value beer under the Laker, Red Baron, Red Cap, and Formosa brands in Canada and the United States. The company also produces, sells, markets, and distributes vodka and malt based coolers, and ciders under the Seagram Coolers brand, as well as produces, sells, markets, and distributes various beer products under co-packaging agreements.

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