A number of research firms have changed their ratings and price targets for Craft Brew Alliance (NASDAQ: BREW):

  • 10/23/2017 – Craft Brew Alliance was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Craft Brew Alliance Inc. is engaged in the business of brewing, marketing and selling of craft beers in the United States. The Company operates in two segments: Beer Related operations and Pubs and Other. Craft Brew owns and operates production breweries with adjacent restaurants or pubs in Portland, Oregon, Woodinville, Washington and Portsmouth, New Hampshire and in Kona, Hawaii. It offers its beer products under the Widmer Brothers, Redhook and Kona Brewing brand names. Craft Brew Alliance Inc., formerly known as Craft Brewers Alliance, Inc., is headquartered in Portland, Oregon. “
  • 10/19/2017 – Craft Brew Alliance had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $20.00 price target on the stock.
  • 10/17/2017 – Craft Brew Alliance was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $21.00 price target on the stock. According to Zacks, “Craft Brew Alliance Inc. is engaged in the business of brewing, marketing and selling of craft beers in the United States. The Company operates in two segments: Beer Related operations and Pubs and Other. Craft Brew owns and operates production breweries with adjacent restaurants or pubs in Portland, Oregon, Woodinville, Washington and Portsmouth, New Hampshire and in Kona, Hawaii. It offers its beer products under the Widmer Brothers, Redhook and Kona Brewing brand names. Craft Brew Alliance Inc., formerly known as Craft Brewers Alliance, Inc., is headquartered in Portland, Oregon. “
  • 10/16/2017 – Craft Brew Alliance was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Craft Brew Alliance Inc. is engaged in the business of brewing, marketing and selling of craft beers in the United States. The Company operates in two segments: Beer Related operations and Pubs and Other. Craft Brew owns and operates production breweries with adjacent restaurants or pubs in Portland, Oregon, Woodinville, Washington and Portsmouth, New Hampshire and in Kona, Hawaii. It offers its beer products under the Widmer Brothers, Redhook and Kona Brewing brand names. Craft Brew Alliance Inc., formerly known as Craft Brewers Alliance, Inc., is headquartered in Portland, Oregon. “
  • 10/2/2017 – Craft Brew Alliance is now covered by analysts at Susquehanna Bancshares Inc. They set a “positive” rating and a $22.00 price target on the stock.
  • 9/12/2017 – Craft Brew Alliance had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $20.00 price target on the stock.

Craft Brew Alliance (NASDAQ:BREW) last announced its earnings results on Wednesday, August 2nd. The company reported $0.09 EPS for the quarter, missing the 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 return on equity of 0.80% and a net margin of 0.27%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 EPS.

In related news, CEO Andrew J. Thomas sold 4,000 shares of Craft Brew Alliance stock in a transaction on Monday, August 7th. The shares were sold at an average price of $18.14, for a total value of $72,560.00. Following the transaction, the chief executive officer now owns 7,834 shares in the company, valued at approximately $142,108.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.70% of the company’s stock.

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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