Boston Beer Company, Inc. (The) (NYSE:SAM) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $5.00-6.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.05.
Several research firms recently weighed in on SAM. UBS AG raised Boston Beer Company, Inc. (The) from a neutral rating to a positive rating in a research note on Friday, April 28th. BidaskClub raised Boston Beer Company, Inc. (The) from a hold rating to a buy rating in a research note on Thursday. Cowen and Company reaffirmed a sell rating and issued a $126.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Friday, July 14th. Royal Bank Of Canada reaffirmed a hold rating and issued a $158.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Friday, June 30th. Finally, Susquehanna Bancshares Inc reissued a positive rating and set a $175.00 price target (down from $179.00) on shares of Boston Beer Company, Inc. (The) in a research note on Friday, July 21st. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Boston Beer Company, Inc. (The) has an average rating of Hold and a consensus price target of $142.13.
Shares of Boston Beer Company, Inc. (SAM) traded up 1.55% during mid-day trading on Monday, hitting $150.75. The stock had a trading volume of 174,431 shares. The firm has a 50 day moving average price of $134.67 and a 200-day moving average price of $145.23. The stock has a market cap of $1.80 billion, a P/E ratio of 21.45 and a beta of 0.55. Boston Beer Company, Inc. has a 12 month low of $128.70 and a 12 month high of $194.98.
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, beating the consensus estimate of $1.46 by $0.89. The company had revenue of $247.90 million during the quarter, compared to analysts’ expectations of $222.74 million. Boston Beer Company, Inc. (The) had a return on equity of 20.19% and a net margin of 9.65%. Boston Beer Company, Inc. (The)’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.06 EPS. On average, equities research analysts forecast that Boston Beer Company, Inc. will post $5.78 EPS for the current year.
In other Boston Beer Company, Inc. (The) news, VP David L. Grinnell sold 372 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $143.06, for a total value of $53,218.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Burwick sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $144.00, for a total value of $720,000.00. Following the completion of the sale, the director now owns 6,094 shares of the company’s stock, valued at approximately $877,536. The disclosure for this sale can be found here. Insiders have sold a total of 8,000 shares of company stock valued at $1,193,436 over the last 90 days. 28.50% of the stock is currently owned by company insiders.
COPYRIGHT VIOLATION NOTICE: This article was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://stocknewstimes.com/2017/08/07/boston-beer-company-inc-the-nysesam-releases-fy17-earnings-guidance-updated.html.
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.
Receive News & Ratings for Boston Beer Company Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer Company Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.
