Insider Buying: Mark Moreland Acquires 2,000 Shares of Craft Brew Alliance Stock (BREW)
Craft Brew Alliance (NASDAQ:BREW) CFO Mark Moreland purchased 2,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, May 21st. The stock was purchased at an average price of $10.59 per share, for a total transaction of $21,180.00. Following the completion of the transaction, the chief financial officer now directly owns 22,404 shares of the company’s stock, valued at approximately $237,258. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Craft Brew Alliance (NASDAQ:BREW) traded up 0.70% on Tuesday, hitting $11.56. The stock had a trading volume of 25,124 shares. Craft Brew Alliance has a 52-week low of $7.40 and a 52-week high of $18.70. The stock’s 50-day moving average is $13.46 and its 200-day moving average is $15.29. The company has a market cap of $219.8 million and a P/E ratio of 64.13.
Craft Brew Alliance (NASDAQ:BREW) last announced its earnings results on Wednesday, May 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.04. The company had revenue of $47.00 million for the quarter, compared to the consensus estimate of $41.90 million. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, analysts predict that Craft Brew Alliance will post $0.22 earnings per share for the current fiscal year.
Craft Brewers Alliance, Inc produces craft-brewed beers. The Company’s products include distinct brand names Redhook E.
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