Craft Brew Alliance (BREW) Reaches $18.80 After 7.00% Up Move; Medtronic Has 0.9 Sentiment

October 13, 2017 - By Louis Casey

The stock of Craft Brew Alliance Inc (NASDAQ:BREW) is a huge mover today! The stock increased 2.17% or $0.4 on October 13, reaching $18.8. About 58,805 shares traded. Craft Brew Alliance Inc (NASDAQ:BREW) has risen 110.98% since October 13, 2016 and is uptrending. It has outperformed by 94.28% the S&P500.The move comes after 8 months positive chart setup for the $362.72M company. It was reported on Oct, 13 by Barchart.com. We have $20.12 PT which if reached, will make NASDAQ:BREW worth $25.39M more.

The stock increased 0.19% or $0.15 on October 13, reaching $78.07. About 4.11M shares traded. Medtronic plc. Ordinary Shares (MDT) has risen 4.04% since October 13, 2016 and is uptrending. It has underperformed by 12.66% the S&P500.

Investors sentiment decreased to 1.06 in Q2 2017. Its down 0.03, from 1.09 in 2017Q1. It dived, as 9 investors sold Craft Brew Alliance Inc shares while 22 reduced holdings. 12 funds opened positions while 21 raised stakes. 5.89 million shares or 0.15% more from 5.88 million shares in 2017Q1 were reported. Renaissance Technologies Ltd Com has 0% invested in Craft Brew Alliance Inc (NASDAQ:BREW) for 24,500 shares. Sei Invests Co accumulated 117 shares. California Public Employees Retirement System reported 39,190 shares. State Street holds 0% or 208,916 shares. Neuberger Berman Grp Ltd holds 0% or 146,950 shares in its portfolio. Fred Alger Management stated it has 0.01% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW). Morgan Stanley invested in 47,636 shares or 0% of the stock. Moreover, Systematic Mngmt Limited Partnership has 0.05% invested in Craft Brew Alliance Inc (NASDAQ:BREW). Kennedy Capital Mgmt has invested 0.1% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW). Gsa Capital Llp invested 0.04% of its portfolio in Craft Brew Alliance Inc (NASDAQ:BREW). Moreover, Rhumbline Advisers has 0% invested in Craft Brew Alliance Inc (NASDAQ:BREW) for 12,908 shares. Northern Trust Corp reported 155,557 shares stake. Creative Planning invested 0% in Craft Brew Alliance Inc (NASDAQ:BREW). Marcato Capital Mngmt Limited Partnership reported 0.8% in Craft Brew Alliance Inc (NASDAQ:BREW). Aqr Capital Mgmt Ltd stated it has 26,085 shares.

Analysts await Craft Brew Alliance Inc (NASDAQ:BREW) to report earnings on November, 1. They expect $0.07 EPS, up 133.33% or $0.04 from last year’s $0.03 per share. BREW’s profit will be $1.35M for 67.14 P/E if the $0.07 EPS becomes a reality. After $0.09 actual EPS reported by Craft Brew Alliance Inc for the previous quarter, Wall Street now forecasts -22.22% negative EPS growth.

Among 6 analysts covering Craft Brew Alliance (NASDAQ:BREW), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Craft Brew Alliance has $22.0 highest and $10 lowest target. $18.40’s average target is -2.13% below currents $18.8 stock price. Craft Brew Alliance had 12 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Thursday, August 3 with “Buy”. Susquehanna initiated the stock with “Buy” rating in Monday, October 2 report. Citigroup maintained Craft Brew Alliance Inc (NASDAQ:BREW) on Friday, August 7 with “Neutral” rating. The firm earned “Neutral” rating on Wednesday, June 15 by Citigroup. The rating was maintained by Citigroup on Friday, September 2 with “Neutral”. The stock of Craft Brew Alliance Inc (NASDAQ:BREW) has “Buy” rating given on Thursday, August 6 by TH Capital. The rating was upgraded by Sidoti on Thursday, August 4 to “Buy”. Cowen & Co maintained Craft Brew Alliance Inc (NASDAQ:BREW) on Thursday, July 13 with “Buy” rating. Citigroup maintained it with “Neutral” rating and $14 target in Friday, August 5 report. On Tuesday, September 12 the stock rating was maintained by Cowen & Co with “Buy”.

Craft Brew Alliance, Inc. is a craft brewing firm that is engaged in brewing, branding and bringing to market American craft beers. The company has market cap of $362.72 million. The Firm operates through two divisions: Beer Related operations, which include the brewing activities 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. It has a 656.65 P/E ratio. 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.

Foyston Gordon & Payne Inc holds 7.71% of its portfolio in Medtronic plc. Ordinary Shares for 402,836 shares. Clark Estates Inc Ny owns 334,652 shares or 5.1% of their US portfolio. Moreover, Stuyvesant Capital Management has 4.65% invested in the company for 26,550 shares. The Florida-based Edmp Inc. has invested 4.5% in the stock. Raub Brock Capital Management Lp, a California-based fund reported 178,783 shares.

Ratings analysis reveals 50% of Medtronic’s analysts are positive. Out of 6 Wall Street analysts rating Medtronic, 3 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $81.0 while the high is $102.0. The stock’s average target of $93 is 19.12% above today’s ($78.07) share price. MDT was included in 6 notes of analysts from August 23, 2016. The firm has “Buy” rating by UBS given on Friday, February 17. The rating was maintained by Stifel Nicolaus on Wednesday, November 23 with “Hold”. The rating was downgraded by JP Morgan on Tuesday, January 3 to “Neutral”. As per Tuesday, August 23, the company rating was initiated by Citigroup. Needham maintained Medtronic plc. Ordinary Shares (NYSE:MDT) on Friday, August 26 with “Buy” rating. Bank of America downgraded the stock to “Neutral” rating in Tuesday, January 3 report.

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