Craft Brew Alliance (NASDAQ:BREW) Rating Kept
New York: In an analyst note issued to clients and investors on 2 September, Citigroup reiterated their Neutral rating on shares of Craft Brew Alliance (NASDAQ:BREW). They currently have a $20.00 target price on the firm. Citigroup’s target would suggest a potential upside of 3.04 % from the company’s current price.
NASDAQ:BREW Price Chart & Trend
The stock price of Craft Brew Alliance has risen 132.46% over the last 200 days, and is in mighty up trend. In the last 50 and 100 days, Craft Brew Alliance is up 92.18% and up 146.32%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Capital Management Associates Ny had the largest stake with ownership of 30,300 shares as of Q2 2015 for 0.44% of the fund’s portfolio. Paragon Associates & Paragon Associates Ii Joint Venture is another bull as the active investment manager who is possessing 41,768 shares of Craft Brew Alliance or 0.4% of their fund’s portfolio. In addition, Wall Street Associates have 0.34% of their fund’s portfolio invested in the company for 329,000 shares. The Connecticut-based fund Manatuck Hill Partners Llc disclosed it had bought a stake worth about 0.24% of the active investment manager’s stock portfolio in Craft Brew Alliance. The Wisconsin-based fund Cortina Asset Management Llc is also positive about the stock, possessing 72,000 shares or 0.22% of their fund’s portfolio.
Craft Brew Alliance (NASDAQ:BREW) Profile
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. The Company’s portfolio of brands includes the Kona Brewing Company, Widmer Brothers Brewing, Redhook Brewery, Omission Beer and Square Mile Cider Company brand families, along with partner brands Appalachian Mountain Brewery, Cisco Brewers and Resignation Brewery.
Craft Brew Alliance (NASDAQ:BREW) closed at $19.41 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 246,376 shares. Craft Brew Alliance has a 52 week low of $6.80 and a 52 week high of $22.4. The company has a market cap of $365.11 million and a P/E ratio of 359.31.
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The post Citigroup Reaffirmed Craft Brew Alliance (NASDAQ:BREW) As Neutral; Has PT Of $20.00 appeared first on Octafinance.