A Director at Craft Brewers Alliance (NASDAQ: BREW) is Buying Shares

By Carrie Williams

Yesterday, a Director at Craft Brewers Alliance (NASDAQ: BREW), Kevin R. Kelly, bought shares of BREW for $1,333.

Following Kevin R. Kelly’s last BREW Buy transaction on August 28, 2017, the stock climbed by 2.0%.

Based on Craft Brewers Alliance’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $56.64 million and quarterly net profit of $1.75 million. In comparison, last year the company earned revenue of $45.8 million and had a net profit of $76K. The company has a one-year high of $20.10 and a one-year low of $12. BREW’s market cap is $380.1M and the company has a P/E ratio of 208.20.

Starting in March 2013, BREW received 30 Buy ratings in a row. Three different firms, including Cowen & Co. and Roth Capital, currently also have a Buy rating on the stock.

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Craft Brew Alliance, Inc. is an independent craft brewing company, which engages in brewing, branding, and marketing of craft beers. It operates through Beer Related Operations, and Brewpubs Operations segment.