Research analysts at Susquehanna Bancshares Inc assumed coverage on shares of Craft Brew Alliance, Inc. (NASDAQ:BREW) in a report released on Monday. The firm set a “positive” rating and a $22.00 price target on the stock. Susquehanna Bancshares Inc’s price objective would suggest a potential upside of 16.71% from the stock’s current price.

BREW has been the topic of a number of other reports. ValuEngine raised Craft Brew Alliance from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research lowered Craft Brew Alliance from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub raised Craft Brew Alliance from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Finally, Cowen and Company restated a “buy” rating and issued a $20.00 target price on shares of Craft Brew Alliance in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $21.00.

Craft Brew Alliance (BREW) opened at 18.85 on Monday. Craft Brew Alliance has a 12-month low of $12.00 and a 12-month high of $19.40. The company has a 50-day moving average of $17.71 and a 200 day moving average of $16.35. The firm has a market cap of $363.67 million, a price-to-earnings ratio of 698.15 and a beta of 0.51.

Craft Brew Alliance (NASDAQ:BREW) last issued its earnings results on Wednesday, August 2nd. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $60.55 million for the quarter, compared to analysts’ expectations of $58.54 million. Craft Brew Alliance had a net margin of 0.27% and a return on equity of 0.80%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. Equities analysts expect that Craft Brew Alliance will post $0.12 EPS for the current fiscal year.

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In other news, CEO Andrew J. Thomas sold 4,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $18.14, for a total transaction of $72,560.00. Following the completion of the sale, the chief executive officer now directly owns 7,834 shares in the company, valued at $142,108.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Perkins Capital Management Inc. increased its holdings in Craft Brew Alliance by 0.8% during the 2nd quarter. Perkins Capital Management Inc. now owns 12,550 shares of the company’s stock valued at $211,000 after purchasing an additional 100 shares during the period. Parametric Portfolio Associates LLC raised its position in Craft Brew Alliance by 2.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 16,906 shares of the company’s stock valued at $226,000 after purchasing an additional 476 shares during the last quarter. American International Group Inc. raised its position in Craft Brew Alliance by 7.0% during the 1st quarter. American International Group Inc. now owns 7,778 shares of the company’s stock valued at $104,000 after purchasing an additional 510 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Craft Brew Alliance by 3.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 32,878 shares of the company’s stock valued at $554,000 after purchasing an additional 1,081 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Craft Brew Alliance by 15.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,325 shares of the company’s stock valued at $207,000 after purchasing an additional 1,638 shares during the last quarter. 32.33% of the stock is currently owned by institutional investors.

About Craft Brew Alliance

Craft Brew Alliance, Inc is a craft brewing company that is engaged in brewing, branding and bringing to market American craft beers. The Company operates through two segments: Beer Related operations, which include the brewing operations 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.

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