November 29, 2016 - By Richard Conner
David Lord, an insider and also director of the popular company Craft Brew Alliance Inc made trade. He sold 6,000 shares of the corporation with David Lord’s transaction having a market value near $96,300 U.S Dollars – totalled based on $16.1 a share. David Lord now has in hand 29,498 shares of the Firm. The transaction was unveiled in a SEC 4F filing on November 29, 2016.
Out of 4 analysts covering Craft Brew Alliance (NASDAQ:BREW), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $20 is the highest target while $10 is the lowest. The $16.67 average target is 8.60% above today’s ($15.35) stock price. Craft Brew Alliance has been the topic of 8 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by TH Capital on Thursday, August 6 with “Buy”. The firm earned “Neutral” rating on Friday, August 5 by Citigroup. The stock has “Neutral” rating given by Citigroup on Friday, September 2. The company was maintained on Wednesday, June 15 by Citigroup. The stock of Craft Brew Alliance Inc (NASDAQ:BREW) earned “Neutral” rating by Citigroup on Friday, August 7. On Thursday, August 4 the stock rating was upgraded by Sidoti to “Buy”.
Insitutional Activity: The institutional sentiment decreased to 2.27 in 2016 Q2. Its down 0.23, from 2.5 in 2016Q1. The ratio turned negative, as 4 funds sold all Craft Brew Alliance Inc shares owned while 10 reduced positions. 10 funds bought stakes while 25 increased positions. They now own 4.20 million shares or 5.46% more from 3.99 million shares in 2016Q1.
Tradewinds Cap Mngmt Ltd Liability Co has invested 0% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW). Bancshares Of America De last reported 5,059 shares in the company. Blackrock Investment Management Limited Co holds 0% or 45,709 shares in its portfolio. The Kansas-based Creative Planning has invested 0% in Craft Brew Alliance Inc (NASDAQ:BREW). Nationwide Fund accumulated 12,705 shares or 0% of the stock. Blackrock reported 435 shares or 0% of all its holdings. Bnp Paribas Arbitrage Sa holds 492 shares or 0% of its portfolio. Fifth Third Bancshares last reported 300 shares in the company. Moreover, Group Incorporated One Trading Ltd Partnership has 0% invested in Craft Brew Alliance Inc (NASDAQ:BREW) for 9,233 shares. Usca Ria Lc holds 0.02% or 11,200 shares in its portfolio. Ladenburg Thalmann Financial Inc last reported 2,490 shares in the company. Morgan Stanley holds 3,401 shares or 0% of its portfolio. Royal National Bank Of Canada, a Ontario – Canada-based fund reported 150 shares. Susquehanna International Llp holds 0% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW) for 42,054 shares. Rmb Cap Mngmt Ltd Company has 416,523 shares for 0.25% of their US portfolio.
Insider Transactions: Since August 26, 2016, the stock had 3 buys, and 1 sale for $154,093 net activity. $248,139 worth of Craft Brew Alliance Inc (NASDAQ:BREW) was sold by Rogers John D JR on Friday, August 26. On Friday, August 26 Kunze Kenneth C bought $21,890 worth of the stock or 1,100 shares. Mennen J Scott also bought $70,050 worth of Craft Brew Alliance Inc (NASDAQ:BREW) shares.
The stock decreased 6.69% or $1.1 on November 29, hitting $15.35. About 159,837 shares traded hands. Craft Brew Alliance Inc (NASDAQ:BREW) has risen 92.40% since April 26, 2016 and is uptrending. It has outperformed by 87.14% the S&P500.
Craft Brew Alliance, Inc. is a craft brewing firm that is engaged in brewing, branding and bringing to market American craft beers. The company has a market cap of $307.76 million. The Firm operates through two divisions: Beer Related operations, which include the brewing activities 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. It has a 345.72 P/E ratio. The Company’s portfolio of brands includes the Kona Brewing Company, Widmer Brothers Brewing, Redhook Brewery, Omission Beer and Square Mile Cider Company brand families, along with partner brands Appalachian Mountain Brewery, Cisco Brewers and Resignation Brewery.
According to Zacks Investment Research, “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.”
Analysts await Craft Brew Alliance Inc (NASDAQ:BREW) to report earnings on March, 1. They expect $0.08 earnings per share, up 14.29% or $0.01 from last year’s $0.07 per share. BREW’s profit will be $1.60 million for 47.97 P/E if the $0.08 EPS becomes a reality. After $0.03 actual earnings per share reported by Craft Brew Alliance Inc for the previous quarter, Wall Street now forecasts 166.67% EPS growth.
More important recent Craft Brew Alliance Inc (NASDAQ:BREW) news were published by: Fool.com which released: “Why Craft Brewers Alliance Inc.’s Shares Popped 69% in August” on September 07, 2016, also Fool.com published article titled: “Why Allegheny Technologies, USG, and Craft Brew Alliance Jumped Today”, Seekingalpha.com published: “New Deal With Anheuser-Busch Is Big For Craft Brew Alliance” on August 24, 2016. More interesting news about Craft Brew Alliance Inc (NASDAQ:BREW) was released by: Seekingalpha.com and their article: “Is Something Brewing At Craft Brew Alliance?” with publication date: June 29, 2016.
Craft Brew Alliance, Inc., incorporated on May 4, 1981, is a craft brewing firm that is engaged in brewing, branding and bringing to market American craft beers. The Firm operates through two divisions: Beer Related activities and Pubs operations. The Company’s Beer Related activities segment includes the brewing, and domestic and international sales of craft beers and ciders from its breweries. The Company’s Pubs activities segment includes its pubs, some of which are located adjacent to its Beer Related operations. The Firm brews its craft beers in approximately four company-owned breweries located in Portland, Oregon; the Seattle suburb of Woodinville, Washington; Portsmouth, New Hampshire; Kailua-Kona, Hawaii, and a brewery in Memphis, Tennessee owned by its brewing partner. Additionally, it owns and operates over two small breweries, used for small batch production and brews, in Portland, Oregon and Portsmouth, New Hampshire. It distributes its beers to retailers through wholesalers that are aligned with the Anheuser-Busch, LLC (A-B) network.
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