Monarch Partners Asset Management LLC Acquires New Shares in Craft Brew Alliance Inc (NASDAQ:BREW)

Monarch Partners Asset Management LLC acquired a new stake in Craft Brew Alliance Inc (NASDAQ:BREW) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 30,850 shares of the company’s stock, valued at approximately $253,000. Monarch Partners Asset Management LLC owned approximately 0.16% of Craft Brew Alliance as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BREW. Nuveen Asset Management LLC bought a new stake in shares of Craft Brew Alliance in the 2nd quarter valued at $2,092,000. BlackRock Inc. increased its position in shares of Craft Brew Alliance by 16.1% in the 2nd quarter. BlackRock Inc. now owns 784,658 shares of the company’s stock valued at $10,977,000 after buying an additional 109,016 shares in the last quarter. Morgan Stanley increased its position in shares of Craft Brew Alliance by 97.1% in the 2nd quarter. Morgan Stanley now owns 135,167 shares of the company’s stock valued at $1,891,000 after buying an additional 66,590 shares in the last quarter. Walleye Trading LLC bought a new position in Craft Brew Alliance during the 2nd quarter worth about $440,000. Finally, First Trust Advisors LP bought a new position in Craft Brew Alliance during the 3rd quarter worth about $213,000. Institutional investors and hedge funds own 34.97% of the company’s stock.

A number of research firms have issued reports on BREW. Cowen lowered their target price on Craft Brew Alliance from $23.00 to $14.00 in a report on Thursday, September 5th. Zacks Investment Research upgraded Craft Brew Alliance from a “strong sell” rating to a “hold” rating in a report on Wednesday. Citigroup set a $10.00 target price on Craft Brew Alliance and gave the stock a “hold” rating in a report on Tuesday, September 17th. Maxim Group lowered their target price on Craft Brew Alliance from $21.00 to $16.00 and set a “buy” rating for the company in a report on Friday, September 6th. Finally, BidaskClub cut Craft Brew Alliance from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $23.29.

BREW stock traded down $0.12 during trading hours on Friday, reaching $7.29. 52,600 shares of the stock were exchanged, compared to its average volume of 111,322. The firm’s 50-day moving average is $8.06 and its 200-day moving average is $12.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.32 and a quick ratio of 0.83. The company has a market cap of $145.79 million, a price-to-earnings ratio of 34.71 and a beta of 0.51. Craft Brew Alliance Inc has a 12 month low of $7.11 and a 12 month high of $17.40.

Craft Brew Alliance (NASDAQ:BREW) last announced its earnings results on Wednesday, August 7th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). Craft Brew Alliance had a negative return on equity of 1.13% and a negative net margin of 2.42%. The business had revenue of $60.60 million for the quarter, compared to the consensus estimate of $65.36 million. During the same period in the prior year, the business posted $0.23 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities research analysts forecast that Craft Brew Alliance Inc will post -0.28 earnings per share for the current year.

About Craft Brew Alliance

Craft Brew Alliance, Inc brews and sells craft beers and ciders in the United States and internationally. It operates through two segments, Beer Related Operations and Brewpubs Operations. It offers beers under the Kona, Omission, Appalachian Mountain, Cisco, Redhook, Widmer Brothers, and Wynwood brands; and ciders under the Square Mile brand name.

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Institutional Ownership by Quarter for Craft Brew Alliance (NASDAQ:BREW)

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