Craft Brew Alliance, Inc. (BREW) CEO Andrew J. Thomas Sells 4,000 Shares
Craft Brew Alliance, Inc. (NASDAQ:BREW) CEO Andrew J. Thomas sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $18.14, for a total transaction of $72,560.00. Following the completion of the sale, the chief executive officer now directly owns 7,834 shares in the company, valued at $142,108.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Craft Brew Alliance, Inc. (BREW) traded down 1.10% on Wednesday, reaching $18.00. 77,749 shares of the company traded hands. The stock has a market capitalization of $347.27 million, a price-to-earnings ratio of 666.67 and a beta of 0.47. The firm has a 50 day moving average price of $17.43 and a 200 day moving average price of $15.54. Craft Brew Alliance, Inc. has a 52-week low of $12.00 and a 52-week high of $22.40.
Craft Brew Alliance (NASDAQ:BREW) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The firm had revenue of $60.55 million during the quarter, compared to the consensus estimate of $58.54 million. Craft Brew Alliance had a net margin of 0.27% and a return on equity of 0.80%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. Equities research analysts predict that Craft Brew Alliance, Inc. will post $0.14 EPS for the current year.
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Several equities research analysts recently issued reports on the stock. Cowen and Company reissued an “outperform” rating and issued a $20.00 target price (up from $19.00) on shares of Craft Brew Alliance in a research report on Wednesday. BidaskClub raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Zacks Investment Research raised shares of Craft Brew Alliance from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 4th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $20.00.
Several large investors have recently made changes to their positions in the stock. American International Group Inc. boosted its stake in shares of Craft Brew Alliance by 7.0% in the first quarter. American International Group Inc. now owns 7,778 shares of the company’s stock valued at $104,000 after buying an additional 510 shares during the last quarter. Perkins Capital Management Inc. boosted its stake in shares of Craft Brew Alliance by 0.8% in the second quarter. Perkins Capital Management Inc. now owns 12,550 shares of the company’s stock valued at $211,000 after buying an additional 100 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Craft Brew Alliance by 2.9% in the first quarter. Parametric Portfolio Associates LLC now owns 16,906 shares of the company’s stock valued at $226,000 after buying an additional 476 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of Craft Brew Alliance during the fourth quarter valued at approximately $245,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Craft Brew Alliance during the first quarter valued at approximately $297,000. 32.36% of the stock is owned by institutional investors and hedge funds.
Craft Brew Alliance Company Profile
Craft Brew Alliance, Inc is a craft brewing company that is engaged in brewing, branding and bringing to market American craft beers. The Company operates through two segments: Beer Related operations, which include the brewing operations and related domestic and international beer and cider sales of its Kona, Widmer Brothers, Redhook and Omission beer brands, and Square Mile cider brand, and Pubs operations, which include its approximately five pubs, over four of which are located adjacent to its Beer Related operations, as well as other merchandise sales, and sales of its beers directly to customers.
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