Price Action Alert: Could Craft Brew Alliance Inc Change Direction After Today’s Big Decline?

Price Action Alert: Could Craft Brew Alliance Inc Change Direction After Today's Big Decline?

The stock of Craft Brew Alliance Inc (NASDAQ:BREW) is a huge mover today! About 322,853 shares traded hands. Craft Brew Alliance Inc (NASDAQ:BREW) has risen 103.66% since March 2, 2016 and is uptrending. It has outperformed by 95.40% the S&P500.
The move comes after 5 months negative chart setup for the $335.83 million company. It was reported on Oct, 5 by Barchart.com. We have $15.66 PT which if reached, will make NASDAQ:BREW worth $36.94M less.

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 $2.67 million for 31.43 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. Craft Brew Alliance has been the topic of 8 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Thursday, August 6, the company rating was maintained by TH Capital. The rating was maintained by Citigroup on Friday, August 7 with “Neutral”. On Wednesday, June 15 the stock rating was maintained by Citigroup with “Neutral”. As per Friday, September 2, the company rating was maintained by Citigroup. The firm earned “Buy” rating on Thursday, August 4 by Sidoti. The rating was maintained by Citigroup with “Neutral” on Friday, August 5.

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 improved, 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.
Northern Corporation reported 143,325 shares or 0% of all its holdings. Dimensional Fund Advsr Ltd Partnership owns 1.11 million shares or 0.01% of their US portfolio. Tiaa Cref Invest Mngmt Limited Liability Corporation holds 0% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW) for 38,315 shares. Ladenburg Thalmann Fincl holds 0% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW) for 2,490 shares. Blackrock Fund last reported 0% of its portfolio in the stock. Renaissance Technologies Lc has 0.01% invested in the company for 236,800 shares. Schwab Charles Inv Management Inc accumulated 13,900 shares or 0% of the stock. Thompson Davis holds 0% or 250 shares in its portfolio. Walleye Trading accumulated 18,581 shares or 0% of the stock. Wellington Shields Mngmt Limited Liability Corporation has invested 0.08% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW). Rmb Capital Mgmt Lc has invested 0.25% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW). Grp Incorporated One Trading Limited Partnership reported 9,233 shares or 0% of all its holdings. Panagora Asset Mngmt accumulated 40,101 shares or 0% of the stock. The New York-based New York State Common Retirement Fund has invested 0% in Craft Brew Alliance Inc (NASDAQ:BREW). Citigroup Incorporated accumulated 0% or 1,263 shares.

Insider Transactions: Since August 26, 2016, the stock had 1 insider buy, and 1 sale for $226,249 net activity. Rogers John D JR sold $248,139 worth of Craft Brew Alliance Inc (NASDAQ:BREW) on Friday, August 26. The insider Kunze Kenneth C bought 1,100 shares worth $21,890.

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, Finance.Yahoo.com published: “Craft Brew Alliance (BREW): An Off-the-Radar Potential Winner” on September 28, 2016. More interesting news about Craft Brew Alliance Inc (NASDAQ:BREW) were released by: Fool.com and their article: “Why Allegheny Technologies, USG, and Craft Brew Alliance Jumped Today” published on August 29, 2016 as well as Investorplace.com‘s news article titled: “Why Craft Brew Alliance Inc (BREW), Lannett Company, Inc. (LCI) and National …” with publication date: August 24, 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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