Institutional Investors Lead Shift in Craft Brew Alliance Inc (NASDAQ:BREW) Sentiment

May 23, 2018 - By Maria Brooks

Sentiment for Craft Brew Alliance Inc (NASDAQ:BREW)

Craft Brew Alliance Inc (NASDAQ:BREW) institutional sentiment increased to 1.14 in Q4 2017. Its up 0.14, from 1 in 2017Q3. The ratio improved, as 33 institutional investors increased or opened new holdings, while 29 sold and reduced equity positions in Craft Brew Alliance Inc. The institutional investors in our partner’s database now hold: 6.37 million shares, up from 6.32 million shares in 2017Q3. Also, the number of institutional investors holding Craft Brew Alliance Inc in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 6 Reduced: 23 Increased: 19 New Position: 14.

Craft Brew Alliance, Inc. brews and sells craft beers and ciders under the Kona, Widmer Brothers, Redhook, Omission, and Square Mile brand names in the United States. The company has market cap of $374.61 million. It operates in two divisions, Beer Related Operations and Brewpubs Operations. It has a 39.59 P/E ratio. The firm sells its beers directly to clients in draft, cans, and bottles at restaurants, bars, and liquor stores; and in cans and bottles at supermarkets, warehouse clubs, convenience stores, and drug stores, as well as directly to clients at its brewpubs and breweries.

It closed at $19.4 lastly. It is down 41.00% since May 23, 2017 and is uptrending. It has outperformed by 29.45% the S&P500.

Analysts await Craft Brew Alliance, Inc. (NASDAQ:BREW) to report earnings on August, 1. They expect $0.21 earnings per share, up 133.33 % or $0.12 from last year’s $0.09 per share. BREW’s profit will be $4.06M for 23.10 P/E if the $0.21 EPS becomes a reality. After $0.01 actual earnings per share reported by Craft Brew Alliance, Inc. for the previous quarter, Wall Street now forecasts 2,000.00 % EPS growth.

Cannell Capital Llc holds 3.6% of its portfolio in Craft Brew Alliance, Inc. for 645,133 shares. Manatuck Hill Partners Llc owns 72,000 shares or 0.72% of their US portfolio. Moreover, Marcato Capital Management Lp has 0.72% invested in the company for 407,009 shares. The Minnesota-based Perkins Capital Management Inc has invested 0.33% in the stock. Oberweis Asset Management Inc, a Illinois-based fund reported 57,500 shares.

Since January 1, 0001, it had 2 buys, and 0 sales for $5,611 activity.

Craft Brew Alliance, Inc. (NASDAQ:BREW) Ratings Coverage

Ratings analysis reveals 0 of Craft Brew Alliance’s analysts are positive. Out of 3 Wall Street analysts rating Craft Brew Alliance, 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $1800 while the high is $22. The stock’s average target of $19.67 is 1.39% above today’s ($19.4) share price. BREW was included in 4 notes of analysts from December 6, 2017. The firm earned “Neutral” rating on Tuesday, February 6 by Citigroup. BMO Capital Markets initiated it with “Hold” rating and $19.0 target in Monday, February 5 report. The rating was maintained by Stifel Nicolaus on Friday, May 11 with “Hold”.

More important recent Craft Brew Alliance, Inc. (NASDAQ:BREW) news were published by: Seekingalpha.com which released: “Craft Brew Alliance: Of Treasured Memories And Financials” on May 10, 2018, also Stockhouse.com published article titled: “Craft Brew Alliance Releases 2017 Annual Sustainability Highlights”, Seekingalpha.com published: “Margins improve at Craft Brew Alliance” on May 10, 2018. More interesting news about Craft Brew Alliance, Inc. (NASDAQ:BREW) was released by: Streetinsider.com and their article: “Marcato Capital Shows New Stakes in Astec Industries (ASTE), Univar (UNVR) (more…) – 13f” with publication date: May 15, 2018.

Craft Brew Alliance, Inc. (NASDAQ:BREW) Institutional Positions Chart

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