Craft Brew Alliance (BREW) Receiving Somewhat Positive Press Coverage, Analysis Shows

News stories about Craft Brew Alliance (NASDAQ:BREW) have been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Craft Brew Alliance earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.5957202296867 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

Get Craft Brew Alliance alerts: Kirin (KNBWY) and Craft Brew Alliance (BREW) Critical Analysis (americanbankingnews.com) Are Healthier Options Making the Craft Beer Market Suffer? (finance.yahoo.com) Beer Alliance of Texas Continues Support of Texas Three-Tier Regulatory System (brewbound.com) The Ten Best Colorado Craft Beer Events in July (westword.com)

BREW has been the topic of a number of recent analyst reports. ValuEngine raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research cut shares of Craft Brew Alliance from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. BidaskClub raised shares of Craft Brew Alliance from a “hold” rating to a “buy” rating in a research note on Friday, March 30th. Stifel Nicolaus cut their target price on shares of Craft Brew Alliance from $21.00 to $18.00 and set a “hold” rating on the stock in a research report on Friday, May 11th. Finally, TheStreet upgraded shares of Craft Brew Alliance from a “c+” rating to a “b-” rating in a research report on Monday, May 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $20.67.

Craft Brew Alliance traded down $0.10, reaching $20.90, during mid-day trading on Friday, MarketBeat Ratings reports. The company had a trading volume of 62,739 shares, compared to its average volume of 80,893. Craft Brew Alliance has a fifty-two week low of $16.50 and a fifty-two week high of $21.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.53 and a quick ratio of 1.04. The firm has a market capitalization of $401.64 million, a P/E ratio of 149.29 and a beta of 0.49.

Craft Brew Alliance (NASDAQ:BREW) last issued its earnings results on Wednesday, May 9th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Craft Brew Alliance had a net margin of 5.38% and a return on equity of 3.62%. The firm had revenue of $47.49 million for the quarter, compared to analyst estimates of $43.86 million. During the same quarter last year, the business posted ($0.09) earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. analysts expect that Craft Brew Alliance will post 0.41 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, Widmer Brothers, Redhook, and Omission brands; and ciders under the Square Mile brand name.