Craft Brewers Alliance (BREW) Gets a Buy Rating from Maxim Group

By Austin Angelo

Maxim Group analyst Anthony Vendetti maintained a Buy rating on Craft Brewers Alliance (BREWResearch Report) on August 7 and set a price target of $21. The company’s shares closed yesterday at $15.74.

Vendetti commented:

“Market close, BREW reported lower-than-expected 2Q19 revenue and EPS results compared to both Maxim and consensus estimates. Gross margins were 38.5%, higher than both our estimate of 36.7% and consensus of 36.6%.”

According to TipRanks.com, Vendetti is a 4-star analyst with an average return of 6.2% and a 47.3% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Ellex Medical Lasers Limited, Restoration Robotics Inc, and Xtant Medical Holdings.

Craft Brewers Alliance has an analyst consensus of Moderate Buy, with a price target consensus of $21.

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The company has a one-year high of $19.95 and a one-year low of $13.16. Currently, Craft Brewers Alliance has an average volume of 100.1K.

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