Equities researchers at Stifel Nicolaus began coverage on shares of Craft Brew Alliance (NASDAQ:BREW) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.
A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Craft Brew Alliance from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Monday, November 13th. Cowen reiterated a “buy” rating and issued a $20.00 price objective on shares of Craft Brew Alliance in a research note on Thursday, October 19th. Susquehanna Bancshares assumed coverage on Craft Brew Alliance in a research note on Monday, October 2nd. They issued a “positive” rating and a $22.00 price objective for the company. ValuEngine upgraded Craft Brew Alliance from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub upgraded Craft Brew Alliance from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus 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, reaching $19.55. The company had a trading volume of 32,093 shares, 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 12-month low of $12.00 and a 12-month high of $20.10. The stock has a market capitalization of $379.18, a PE ratio of 178.18 and a beta of 0.47.
Several large investors have recently added to or reduced their stakes in the company. Algert Global LLC acquired a new position in shares of Craft Brew Alliance in the third quarter valued at approximately $499,000. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Craft Brew Alliance in the third quarter valued at approximately $248,000. Dimensional Fund Advisors LP increased its holdings in shares of Craft Brew Alliance by 1.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,275,791 shares of the company’s stock valued at $22,390,000 after purchasing an additional 20,958 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Craft Brew Alliance by 14.2% in the third quarter. Wells Fargo & Company MN now owns 54,435 shares of the company’s stock valued at $955,000 after purchasing an additional 6,783 shares during the period. Finally, Quantum Capital Management acquired a new position in shares of Craft Brew Alliance in the third quarter valued at approximately $653,000. 34.19% of the stock is currently owned by institutional investors and hedge funds.
WARNING: “Stifel Nicolaus Initiates Coverage on Craft Brew Alliance (BREW)” was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://www.chaffeybreeze.com/2017/12/05/stifel-nicolaus-initiates-coverage-on-craft-brew-alliance-brew.html.
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.
Receive News & Ratings for Craft Brew Alliance Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Craft Brew Alliance Inc. and related companies with MarketBeat.com's FREE daily email newsletter.