The stock of Craft Brew Alliance Inc (NASDAQ:BREW) is a huge mover today! The stock decreased 6.93% or $1.15 during the last trading session, hitting $15.45. About 143,656 shares traded hands. Craft Brew Alliance Inc (NASDAQ:BREW) has risen 109.60% since April 13, 2016 and is uptrending. It has outperformed by 105.67% the S&P500.
The move comes after 8 months negative chart setup for the $301.16 million company. It was reported on Nov, 15 by Barchart.com. We have $13.60 PT which if reached, will make NASDAQ:BREW worth $36.14 million less.
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. Craft Brew Alliance has been the topic of 8 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, August 5 by Citigroup. The rating was maintained by Citigroup with “Neutral” on Friday, August 7. The rating was upgraded by Sidoti on Thursday, August 4 to “Buy”. The firm earned “Neutral” rating on Wednesday, June 15 by Citigroup. The firm has “Buy” rating by TH Capital given on Thursday, August 6. Citigroup maintained Craft Brew Alliance Inc (NASDAQ:BREW) rating on Friday, September 2. Citigroup has “Neutral” rating and $20 price target.
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 2016 Q2. 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.
Bancorporation Of Mellon Corp reported 43,244 shares or 0% of all its holdings. The Illinois-based One Trading Ltd Partnership has invested 0% in Craft Brew Alliance Inc (NASDAQ:BREW). Moreover, Raymond James Fin Service has 0% invested in Craft Brew Alliance Inc (NASDAQ:BREW) for 19,347 shares. Moreover, Advisory Limited Liability Corporation has 0% invested in Craft Brew Alliance Inc (NASDAQ:BREW) for 47 shares. Wellington Shields Management Limited Liability Company last reported 0.08% of its portfolio in the stock. Fifth Third Financial Bank has 0% invested in the company for 300 shares. Columbia Pacific Advsrs Limited Liability Corporation last reported 0.53% of its portfolio in the stock. The Germany-based Deutsche National Bank Ag has invested 0% in Craft Brew Alliance Inc (NASDAQ:BREW). Renaissance Technology Lc owns 236,800 shares or 0.01% of their US portfolio. Spot Trading Llc has 13,913 shares for 0% of their US portfolio. Jpmorgan Chase & Company owns 4,637 shares or 0% of their US portfolio. Morgan Stanley, a New York-based fund reported 3,401 shares. Tiaa Cref Investment Mngmt Llc, a New York-based fund reported 38,315 shares. Moreover, Blackrock Inv Lc has 0% invested in Craft Brew Alliance Inc (NASDAQ:BREW) for 45,709 shares. Ladenburg Thalmann Fincl Incorporated accumulated 0% or 2,490 shares.
Insider Transactions: Since August 26, 2016, the stock had 3 buys, and 1 insider sale for $154,093 net activity. 5,000 Craft Brew Alliance Inc (NASDAQ:BREW) shares with value of $70,050 were bought by Mennen J Scott. The insider Rogers John D JR sold $248,139. Kunze Kenneth C also bought $2,106 worth of Craft Brew Alliance Inc (NASDAQ:BREW) on Tuesday, November 8.
More notable recent Craft Brew Alliance Inc (NASDAQ:BREW) news were published by: Fool.com which released: “Why Craft Brew Alliance, Inc. Stock Fell 14.8% in October” on November 11, 2016, also Fool.com with their article: “Why Craft Brewers Alliance Inc.’s Shares Popped 69% in August” published on September 07, 2016, Fool.com published: “Why Craft Brew Alliance Inc’s Shares Popped 22% in June” on July 05, 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 Businesswire.com‘s news article titled: “Craft Brew Alliance and Ambev Partner to Bring Kona Brewing Co. to Brazil” with publication date: January 13, 2016.
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.
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