Craft Brew Alliance: Roth Capital Analyst Provides Key Points From Investor Meetings
In a research report published Wednesday, Roth Capital analyst Anton Brenner assigned a Buy rating on Craft Brewers Alliance Inc (NASDAQ:BREW) with a $19 price target
Brenner commented: “We recently visited institutional investors with CEO Andy Thomas, CFO Mark Moreland and Scott Mennen, VP Operations. Discussions focused on how CBA is uniquely positioned to benefit from the surge in craft beer consumption. We look for accelerated sales growth and meaningful profit margin improvement over the next several years.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Anton Brenner has a total average return of 10.7% and a 50.0% success rate. Brenner has a 15.8% average return when recommending BREW, and is ranked #678 out of 3313 analysts.