Boston Beer Company, Inc. (The) (NYSE:SAM)‘s stock had its “sell” rating reissued by equities researchers at Cowen and Company in a research report issued on Friday, July 14th. They presently have a $126.00 target price on the stock. Cowen and Company’s price objective would suggest a potential downside of 15.12% from the stock’s previous close.
SAM has been the topic of several other research reports. Zacks Investment Research upgraded shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. BidaskClub cut shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “strong sell” rating in a research note on Friday, June 16th. Jefferies Group LLC reiterated a “hold” rating and issued a $129.00 price target on shares of Boston Beer Company, Inc. (The) in a research note on Wednesday, May 31st. Susquehanna Bancshares Inc restated a “positive” rating on shares of Boston Beer Company, Inc. (The) in a research report on Monday, May 8th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $158.00 target price on shares of Boston Beer Company, Inc. (The) in a research report on Friday, June 30th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $142.13.
Boston Beer Company, Inc. (NYSE:SAM) opened at 148.45 on Friday. Boston Beer Company, Inc. has a 52 week low of $128.70 and a 52 week high of $194.98. The company has a market capitalization of $1.78 billion, a P/E ratio of 21.12 and a beta of 0.55. The stock’s 50 day moving average price is $134.67 and its 200 day moving average price is $145.23.
Boston Beer Company, Inc. (The) (NYSE:SAM) last issued its earnings results on Thursday, July 27th. The company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.89. The company had revenue of $247.90 million during the quarter, compared to the consensus estimate of $222.74 million. Boston Beer Company, Inc. (The) had a net margin of 9.65% and a return on equity of 20.19%. Boston Beer Company, Inc. (The)’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.06 EPS. Analysts anticipate that Boston Beer Company, Inc. will post $5.78 earnings per share for the current year.
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In other news, Director David A. Burwick sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $144.00, for a total transaction of $720,000.00. Following the transaction, the director now directly owns 6,094 shares in the company, valued at $877,536. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP David L. Grinnell sold 372 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $143.06, for a total transaction of $53,218.32. The disclosure for this sale can be found here. Insiders sold a total of 8,000 shares of company stock worth $1,193,436 over the last 90 days. Insiders own 31.30% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its stake in shares of Boston Beer Company, Inc. (The) by 85.6% in the first quarter. Victory Capital Management Inc. now owns 826 shares of the company’s stock valued at $119,000 after buying an additional 381 shares during the period. Credit Agricole S A purchased a new stake in shares of Boston Beer Company, Inc. (The) during the fourth quarter valued at $126,000. Horan Capital Management purchased a new stake in shares of Boston Beer Company, Inc. (The) during the first quarter valued at $145,000. IFP Advisors Inc increased its stake in shares of Boston Beer Company, Inc. (The) by 81.7% in the first quarter. IFP Advisors Inc now owns 1,070 shares of the company’s stock valued at $155,000 after buying an additional 481 shares during the period. Finally, Advantus Capital Management Inc increased its stake in shares of Boston Beer Company, Inc. (The) by 8.8% in the first quarter. Advantus Capital Management Inc now owns 1,230 shares of the company’s stock valued at $178,000 after buying an additional 100 shares during the period. Institutional investors own 70.90% of the company’s stock.
About Boston Beer Company, Inc. (The)
The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.
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