Stifel Nicolaus assumed coverage on shares of Craft Brew Alliance (NASDAQ:BREW) in a research report issued to clients and investors on Tuesday, The Fly reports. The firm set a “hold” rating on the stock.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Monday, November 13th. Cowen reissued a “buy” rating and set a $20.00 target price on shares of Craft Brew Alliance in a research report on Thursday, October 19th. BidaskClub raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. ValuEngine lowered shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a research report on Saturday, August 26th. Finally, Susquehanna Bancshares initiated coverage on shares of Craft Brew Alliance in a research report on Monday, October 2nd. They set a “positive” rating and a $22.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Craft Brew Alliance currently has an average rating of “Buy” and an average price target of $21.33.

Craft Brew Alliance (NASDAQ BREW) traded down $0.10 during mid-day trading on Tuesday, hitting $19.55. 32,093 shares of the company traded hands, compared to its average volume of 111,974. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.18 and a current ratio of 1.56. Craft Brew Alliance has a 1-year low of $12.00 and a 1-year high of $20.10. The firm has a market cap of $379.18, a price-to-earnings ratio of 178.18 and a beta of 0.47.

Craft Brew Alliance (NASDAQ:BREW) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. Craft Brew Alliance had a net margin of 0.85% and a return on equity of 1.79%. The business had revenue of $60.04 million during the quarter, compared to analyst estimates of $57.13 million. During the same quarter in the previous year, the business earned $0.03 EPS. Craft Brew Alliance’s quarterly revenue was up 2.4% compared to the same quarter last year. sell-side analysts anticipate that Craft Brew Alliance will post 0.11 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. American International Group Inc. lifted its position in Craft Brew Alliance by 7.0% during the 1st quarter. American International Group Inc. now owns 7,778 shares of the company’s stock worth $104,000 after acquiring an additional 510 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Craft Brew Alliance by 15.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,325 shares of the company’s stock worth $207,000 after acquiring an additional 1,638 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in Craft Brew Alliance during the 3rd quarter worth $248,000. Goldman Sachs Group Inc. acquired a new position in Craft Brew Alliance during the 1st quarter worth $297,000. Finally, Schwab Charles Investment Management Inc. lifted its position in Craft Brew Alliance by 54.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 27,800 shares of the company’s stock worth $372,000 after acquiring an additional 9,800 shares during the last quarter. 34.19% of the stock is owned by hedge funds and other institutional investors.

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About Craft Brew Alliance

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.

The Fly

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