Craft Brew Alliance (NASDAQ:BREW) Price Target & New Coverage by Stifel

In an analyst note issued to clients on 6 December, Stifel analyst just has initiated coverage of Craft Brew Alliance (NASDAQ:BREW) with “Hold” rating. The PT is set to $19.0.

Institutional Ownership

Columbia Pacific Advisors Llc had the biggest stake with ownership of 88,403 shares as of Q2 2015 for 1.05% of the long stock exposure. Manatuck Hill Partners Llc is another bull as the institutional investor who is possessing 72,000 shares of Craft Brew Alliance or 0.54% of their long stock exposure. Furthermore, Eam Investors Llc have 0.45% of their long stock exposure invested in the company for 178,454 shares. The Minnesota-based fund Perkins Capital Management Inc disclosed it had bought a stake worth about 0.3% of the institutional investor’s stock portfolio in Craft Brew Alliance. The Illinois-based fund Rmb Capital Management Llc is also positive about the stock, possessing 16,000 shares or 0.17% of their long stock exposure.

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) traded up 0.77% on 6 December, hitting $19.7. A total of 68,404 shares of the company’s stock traded hands. This is up from average of 65,582 shares. Craft Brew Alliance has a 52 week low of $12.00 and a 52 week high of $20. The company has a market cap of $380.62 million and a P/E ratio of 218.52.

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The post Stifel Has Initiated Coverage on Craft Brew Alliance (NASDAQ:BREW) Stock With “Hold” Rating, $19.0 Target Price per Share appeared first on Octafinance.