A Reversal for Craft Brew Alliance Inc Is Not Near. Professional Options Traders Are Bullish

 A Reversal for Craft Brew Alliance Inc Is Not Near. Professional Options Traders Are Bullish

In today’s session Craft Brew Alliance Inc (BREW) registered an unusually high (270) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious BREW increase. With 270 contracts traded and 12474 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: BREW161021C00022500 closed last at: $0.2 or 20% down. About 27,763 shares traded hands. Craft Brew Alliance Inc (NASDAQ:BREW) has risen 120.30% since March 8, 2016 and is uptrending. It has outperformed by 110.98% the S&P500.

Analysts await Craft Brew Alliance Inc (NASDAQ:BREW) to report earnings on November, 2. They expect $0.14 earnings per share, up 250.00% or $0.10 from last year’s $0.04 per share. BREW’s profit will be $2.66M for 31.80 P/E if the $0.14 EPS becomes a reality. After $0.12 actual earnings per share reported by Craft Brew Alliance Inc for the previous quarter, Wall Street now forecasts 16.67% EPS growth.

Craft Brew Alliance Inc (NASDAQ:BREW) Ratings Coverage

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 -6.40% below today’s ($17.81) stock price. Craft Brew Alliance has been the topic of 8 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Citigroup given on Friday, September 2. The stock has “Neutral” rating given by Citigroup on Friday, August 7. Citigroup maintained the stock with “Neutral” rating in Wednesday, June 15 report. TH Capital maintained the shares of BREW in a report on Thursday, August 6 with “Buy” rating. The rating was upgraded by Sidoti on Thursday, August 4 to “Buy”. Citigroup maintained Craft Brew Alliance Inc (NASDAQ:BREW) on Friday, August 5 with “Neutral” rating.

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.”

Insitutional Activity: The institutional sentiment increased to 2.5 in Q2 2016. Its up 1.50, from 1 in 2016Q1. The ratio increased, 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.
Rhumbline Advisers owns 12,637 shares or 0% of their US portfolio. Blackrock Inc last reported 435 shares in the company. Raymond James Assoc holds 0.01% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW) for 171,261 shares. Usca Ria Limited Liability Corp has invested 0.02% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW). Moreover, Natl Bank Of America Corp De has 0% invested in Craft Brew Alliance Inc (NASDAQ:BREW) for 5,059 shares. Tower Cap Limited Liability Co (Trc) has 0% invested in the company for 118 shares. Nationwide Fund Advsr accumulated 0% or 12,705 shares. The New York-based Wellington Shields Mngmt Ltd Liability Corporation has invested 0.08% in Craft Brew Alliance Inc (NASDAQ:BREW). Schwab Charles holds 13,900 shares or 0% of its portfolio. Peak6 Invests L P holds 0% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW) for 10,531 shares. Raymond James Fincl Svcs Advisors holds 0% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW) for 19,347 shares. Rmb Capital Mgmt Limited Liability last reported 416,523 shares in the company. Teachers Inc holds 0% or 19,034 shares in its portfolio. Ladenburg Thalmann Finance Services holds 0% or 2,490 shares in its portfolio. Manatuck Hill Partners Llc holds 72,000 shares or 0.37% of its portfolio.

Insider Transactions: Since August 26, 2016, the stock had 1 insider purchase, and 1 insider sale for $226,249 net activity. Rogers John D JR sold 12,376 shares worth $248,139. Kunze Kenneth C had bought 1,100 shares worth $21,890.

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 $338.27 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 329.69 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.

BREW Company Profile

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.

More notable 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 with their article: “Why Craft Brew Alliance Inc’s Shares Popped 22% in June” published on July 05, 2016, Fool.com published: “Why Allegheny Technologies, USG, and Craft Brew Alliance Jumped Today” on August 29, 2016. More interesting news about Craft Brew Alliance Inc (NASDAQ:BREW) were released by: Seekingalpha.com and their article: “New Deal With Anheuser-Busch Is Big For Craft Brew Alliance” published on August 24, 2016 as well as Seekingalpha.com‘s news article titled: “Is Something Brewing At Craft Brew Alliance?” with publication date: June 29, 2016.

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