Craft Brew Alliance Director Kurt Widmer Sells 10,411 Shares (BREW)
Craft Brew Alliance (NASDAQ:BREW) Director Kurt Widmer sold 10,411 shares of Craft Brew Alliance stock on the open market in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $16.97, for a total value of $176,674.67. Following the transaction, the director now directly owns 1,391,003 shares of the company’s stock, valued at approximately $23,605,321. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Craft Brew Alliance (NASDAQ:BREW) traded up 0.24% on Thursday, hitting $16.97. 78,069 shares of the company’s stock traded hands. Craft Brew Alliance has a 1-year low of $6.26 and a 1-year high of $18.70. The stock’s 50-day moving average is $16.13 and its 200-day moving average is $13.12. The company has a market cap of $321.4 million and a P/E ratio of 241.86.
Craft Brew Alliance (NASDAQ:BREW) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.01. The company had revenue of $53.00 million for the quarter, compared to the consensus estimate of $50.39 million. During the same quarter last year, the company posted $0.05 earnings per share. Craft Brew Alliance’s revenue was up 10.4% compared to the same quarter last year. On average, analysts predict that Craft Brew Alliance will post $0.12 earnings per share for the current fiscal year.
A number of research firms have recently commented on BREW. Analysts at Roth Capital raised their price target on shares of Craft Brew Alliance to $16.50 in a research note to investors on Friday, November 8th. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. downgraded shares of Craft Brew Alliance from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, October 31st. Finally, analysts at Sidoti downgraded shares of Craft Brew Alliance from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Craft Brew Alliance currently has a consensus rating of “Hold” and a consensus price target of $14.90.
Craft Brewers Alliance, Inc produces craft-brewed beers. The Company’s products include distinct brand names Redhook E.
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