Victory Capital Management Inc. Invests $447,000 in Craft Brew Alliance Inc (BREW)

Victory Capital Management Inc. acquired a new position in shares of Craft Brew Alliance Inc (NASDAQ:BREW) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 27,363 shares of the company’s stock, valued at approximately $447,000. Victory Capital Management Inc. owned 0.14% of Craft Brew Alliance as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Rehmann Capital Advisory Group acquired a new stake in Craft Brew Alliance in the 2nd quarter valued at $208,000. Engineers Gate Manager LP acquired a new stake in Craft Brew Alliance in the 2nd quarter valued at $272,000. Dynamic Technology Lab Private Ltd increased its stake in Craft Brew Alliance by 59.0% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 18,509 shares of the company’s stock valued at $382,000 after buying an additional 6,869 shares during the last quarter. Acadian Asset Management LLC increased its stake in Craft Brew Alliance by 92.0% in the 2nd quarter. Acadian Asset Management LLC now owns 31,094 shares of the company’s stock valued at $642,000 after buying an additional 14,897 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in Craft Brew Alliance by 211.3% in the 2nd quarter. GSA Capital Partners LLP now owns 35,457 shares of the company’s stock valued at $732,000 after buying an additional 24,066 shares during the last quarter. Institutional investors and hedge funds own 38.28% of the company’s stock.

BREW has been the topic of several recent research reports. BidaskClub lowered shares of Craft Brew Alliance from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 19th. ValuEngine lowered shares of Craft Brew Alliance from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Zacks Investment Research lowered shares of Craft Brew Alliance from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. Finally, Citigroup set a $19.00 price target on shares of Craft Brew Alliance and gave the company a “hold” rating in a research note on Monday, November 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.00.

Shares of BREW stock opened at $16.08 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.16 and a debt-to-equity ratio of 0.07. Craft Brew Alliance Inc has a 1 year low of $15.24 and a 1 year high of $21.00. The firm has a market capitalization of $305.84 million, a price-to-earnings ratio of 114.86 and a beta of 0.26.

Craft Brew Alliance (NASDAQ:BREW) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.13). The business had revenue of $55.64 million during the quarter, compared to analyst estimates of $57.93 million. Craft Brew Alliance had a net margin of 5.86% and a return on equity of 4.20%. The firm’s quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Research analysts expect that Craft Brew Alliance Inc will post 0.26 EPS for the current year.

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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, Widmer Brothers, Redhook, and Omission brands; and ciders under the Square Mile brand name.

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Institutional Ownership by Quarter for Craft Brew Alliance (NASDAQ:BREW)

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