Craft Brew Alliance (NASDAQ:BREW) announced its quarterly earnings data on Wednesday. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.05, Fidelity Earnings reports. The firm had revenue of $46.99 million for the quarter. Craft Brew Alliance had a return on equity of 3.07% and a net margin of 1.94%.
Shares of NASDAQ:BREW traded up $0.62 during midday trading on Friday, hitting $15.44. The company’s stock had a trading volume of 1,200 shares, compared to its average volume of 79,247. The company has a market cap of $295.01 million, a P/E ratio of 73.17 and a beta of 0.40. Craft Brew Alliance has a fifty-two week low of $13.15 and a fifty-two week high of $21.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.91 and a current ratio of 1.36.
Several analysts recently commented on BREW shares. BidaskClub cut Craft Brew Alliance from a “hold” rating to a “sell” rating in a research report on Thursday, February 7th. Maxim Group set a $21.00 price target on Craft Brew Alliance and gave the company a “buy” rating in a research note on Thursday, March 7th. Zacks Investment Research raised Craft Brew Alliance from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, TheStreet lowered Craft Brew Alliance from a “b-” rating to a “c+” rating in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.40.
Several large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its holdings in Craft Brew Alliance by 53,180.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,664 shares of the company’s stock worth $37,000 after acquiring an additional 2,659 shares during the period. Financial Advocates Investment Management grew its holdings in shares of Craft Brew Alliance by 17.7% in the 4th quarter. Financial Advocates Investment Management now owns 6,646 shares of the company’s stock valued at $81,000 after buying an additional 1,000 shares during the period. Man Group plc acquired a new position in shares of Craft Brew Alliance in the 3rd quarter valued at $234,000. Stone Ridge Asset Management LLC grew its holdings in shares of Craft Brew Alliance by 58.1% in the 4th quarter. Stone Ridge Asset Management LLC now owns 15,836 shares of the company’s stock valued at $227,000 after buying an additional 5,818 shares during the period. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of Craft Brew Alliance in the 1st quarter valued at $224,000. Institutional investors own 37.36% of the company’s stock.
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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, Omission, Appalachian Mountain, Cisco, Redhook, Widmer Brothers, and Wynwood brands; and ciders under the Square Mile brand name.
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