Simplex Trading buys $648,705 stake in Craft Brew Alliance Inc (BREW)

Craft Brew Alliance Inc (BREW) : Simplex Trading scooped up 6,853 additional shares in Craft Brew Alliance Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 35,761 shares of Craft Brew Alliance Inc which is valued at $648,705.Craft Brew Alliance Inc makes up approximately 0.08% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in BREW in the latest quarter, The investment management firm added 443 additional shares and now holds a total of 935 shares of Craft Brew Alliance Inc which is valued at $16,447.

Craft Brew Alliance Inc opened for trading at $18.08 and hit $18.28 on the upside on Friday, eventually ending the session at $18.14, with a gain of 0.06% or 0.01 points. The heightened volatility saw the trading volume jump to 1,99,753 shares. Company has a market cap of $349 M.

On the company’s financial health, Craft Brew Alliance Inc reported $0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.13. The company had revenue of $62.28 million for the quarter, compared to analysts expectations of $61.52 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

Craft Brew Alliance Inc. is an independent craft brewing company. The Company operates in two segments: Beer Related operations and Pubs operations. Beer Related operations include the brewing and sale of craft beers and cider from its breweries both domestically and internationally. Pubs operations primarily include its five pubs 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 brand portfolio comprises the Kona Brewing Company Widmer Brothers Brewing Redhook Brewery Omission Beer and Square Mile Cider Company brand families. It produces a variety of specialty craft beers and ciders. The Company brews its beers using hops malted barley wheat rye and other natural traditional and non-traditional ingredients. To craft its ciders the Company uses three apple varieties from the Pacific Northwest and then uses a lager beer yeast to make a hard cider.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Craft Brew Alliance Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Craft Brew Alliance Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.