Craft Brew Alliance, Inc. (NASDAQ:BREW) has been assigned a consensus recommendation of “Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $21.33.

A number of analysts have recently issued reports on BREW shares. BidaskClub raised Craft Brew Alliance from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Monday, November 13th. Cowen reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Craft Brew Alliance in a research report on Thursday, October 19th. ValuEngine raised Craft Brew Alliance from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Stifel Nicolaus began coverage on Craft Brew Alliance in a research note on Tuesday. They set a “hold” rating on the stock.

Craft Brew Alliance (NASDAQ BREW) traded down $0.10 on Tuesday, hitting $19.55. The stock had a trading volume of 32,093 shares, compared to its average volume of 111,974. Craft Brew Alliance has a 52 week low of $12.00 and a 52 week high of $20.10. The firm has a market capitalization of $379.18, a PE ratio of 178.18 and a beta of 0.47. 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 (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 Zacks’ consensus estimate of $0.06 by $0.03. Craft Brew Alliance had a return on equity of 1.79% and a net margin of 0.85%. The company had revenue of $60.04 million during the quarter, compared to analysts’ expectations of $57.13 million. During the same period last year, the firm posted $0.03 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. analysts forecast that Craft Brew Alliance will post 0.11 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. American International Group Inc. increased its stake in shares of Craft Brew Alliance by 7.0% during the first quarter. American International Group Inc. now owns 7,778 shares of the company’s stock worth $104,000 after purchasing an additional 510 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Craft Brew Alliance by 15.3% during the second quarter. The Manufacturers Life Insurance Company now owns 12,325 shares of the company’s stock worth $207,000 after purchasing an additional 1,638 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Craft Brew Alliance during the third quarter worth approximately $248,000. Parametric Portfolio Associates LLC increased its stake in shares of Craft Brew Alliance by 2.9% during the first quarter. Parametric Portfolio Associates LLC now owns 16,906 shares of the company’s stock worth $226,000 after purchasing an additional 476 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in shares of Craft Brew Alliance during the first quarter worth approximately $297,000. Institutional investors own 34.19% of the company’s stock.

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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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