The VP, Brewery Operations of Craft Brewers Alliance (NASDAQ: BREW) is Buying Shares

By Carrie Williams

Today, the VP, Brewery Operations of Craft Brewers Alliance (NASDAQ: BREW), Scott Mennen, bought shares of BREW for $70.05K.

Following this transaction Scott Mennen’s holding in the company was increased by 215.98% to a total of $29.5K. Following Scott Mennen’s last BREW Buy transaction on April 01, 2016, the stock climbed by 6.5%.

Based on Craft Brewers Alliance’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $55.2 million and quarterly net profit of $552K. In comparison, last year the company earned revenue of $54.69 million and had a net profit of $732K. The company has a one year high of $22.40 and a one year low of $6.80. BREW’s market cap is $284M and the company has a P/E ratio of 313.

Starting in March 2013, BREW received 20 Buy ratings in a row.

The insider sentiment on Craft Brewers Alliance has been neutral according to 20 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

Craft Brew Alliance, Inc. engages in the brewing, branding, and marketing of craft beers. The company operates through the Beer Related Operations and Pubs Operations. The Beer Related Operations segment includes the brewing and sale of craft beers and cider. The Pubs Operations segment includes its five pubs and sale of beer directly to customers. Craft Brew Alliance was founded by Gordon Bowker and Paul Shipman on May 4, 1981 and is headquartered in Portland, OR.