Craft Brew Alliance, Inc. (BREW) Given Consensus Rating of “Buy” by Brokerages

Craft Brew Alliance, Inc. (NASDAQ:BREW) has been assigned an average rating of “Buy” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $20.67.

BREW has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Craft Brew Alliance from a “buy” rating to a “hold” rating in a report on Monday, October 23rd. Susquehanna Bancshares set a $22.00 price objective on shares of Craft Brew Alliance and gave the company a “buy” rating in a report on Monday, December 11th. Stifel Nicolaus initiated coverage on shares of Craft Brew Alliance in a report on Tuesday, December 5th. They issued a “hold” rating and a $19.00 price objective on the stock. BMO Capital Markets initiated coverage on shares of Craft Brew Alliance in a report on Monday, February 5th. They issued a “market perform” rating and a $19.00 price objective on the stock. Finally, Citigroup raised their price objective on shares of Craft Brew Alliance from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th.

Institutional investors and hedge funds have recently made changes to their positions in the company. Fairpointe Capital LLC acquired a new stake in Craft Brew Alliance during the 4th quarter worth $749,000. MetLife Investment Advisors LLC acquired a new stake in Craft Brew Alliance during the 4th quarter worth $126,000. Cornerstone Capital Management Holdings LLC. raised its stake in Craft Brew Alliance by 243.0% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 48,700 shares of the company’s stock worth $934,000 after acquiring an additional 34,500 shares in the last quarter. Two Sigma Advisers LP raised its stake in Craft Brew Alliance by 44.6% during the 4th quarter. Two Sigma Advisers LP now owns 18,800 shares of the company’s stock worth $361,000 after acquiring an additional 5,800 shares in the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new stake in Craft Brew Alliance during the 4th quarter worth $192,000. Institutional investors and hedge funds own 34.51% of the company’s stock.

Shares of Craft Brew Alliance (NASDAQ BREW) opened at $18.60 on Friday. Craft Brew Alliance has a fifty-two week low of $12.00 and a fifty-two week high of $20.10. The firm has a market cap of $357.95, a price-to-earnings ratio of 206.67 and a beta of 0.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 1.18.

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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.

Analyst Recommendations for Craft Brew Alliance (NASDAQ:BREW)

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