Investor Ideas Snapshot for Wine and Beverage Stocks: (WVVI), (TAP), (BDL), (BREW)
Category: Investment, Beverage
Visit: Willamette Valley Vineyards
Point Roberts, WA - March 20, 2013 (www.investorideas.com newswire, www.beveragestocks.com) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on wine and beverage stocks trading for March 20th, 2013.
Willamette Valley Vineyards Inc., (NASDAQ:WVVI) trading at $4.35 gained $0.11 or 2.60% on a volume of 6,362 shares, making it today's top beverage stock to watch.
Willamette Valley Vineyards, Inc. engages in the production and sale of wines in the United States, offering various types of wines, including Pinot Noir, Chardonnay, Pinot Gris, Riesling, and Oregon Blossom under the Willamette Valley Vineyards label; Semi-Sparkling Muscat under the Tualatin Estate Vineyards label; and Syrah, Merlot, Cabernet Sauvignon, Cabernet Franc, The Griffin, and Viognier under the Griffin Creek label. The company markets and sells its wines through a combination of direct sales at its winery; directly and indirectly through its shareholders; through self-distribution to local restaurants and retail outlets in Oregon; directly through mailing lists; and through distributors and wine brokers in specific targeted areas outside of the state of Oregon.
Molson Coors Brewing Company (NYSE:TAP) trading at $48.93 moved up $1.10 or 2.30% on a high volume of 676,480 shares.
Molson Coors Brewing Company hit a new 52-week high today as it is currently trading at $48.96, above its previous 52-week high of $48.92 with 337,483 shares traded as of 11:30 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.
Flannigan's Enterprises Inc., (NYSE:BDL) trading at $7.65 rose by $0.12 or 1.59% on a light volume of 500 shares.
Craft brew Alliance Inc., (OTC:BREW) trading at $7.50 gained $0.09 or 1.21% on a volume of 6,947 shares.
Craft Brew Alliance released fourth quarter earnings and discussed fiscal year 2012 results with shareholders today. Earnings per share were flat year-over-year and earnings for 2012 were in line with November's revised guidance at $.13 per diluted share. The share price barely moved on the report but the conference call contained exciting news for Craft Brew Alliance shareholders, as well as areas of concern.
Reports from the call showed that Craft Brew Alliance shareholders should continue to watch the company's margins, Widmer's decline, and downward guidance in 2013. However, this most recent conference call pointed to exciting new developments for the company as its export partnership with Craft Can Travel grows. Furthermore, Kona's continued blockbuster growth, Widmer's successful retooling, and excellent growth in seasonal and specialty offerings should leave Craft Brew Alliance shareholders relieved about 2012 results and optimistic for 2013.
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