Boston Beer Company, Inc. (The) (NYSE:SAM) released its earnings results on Thursday, October 26th. The company reported $2.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.79, Bloomberg Earnings reports. The company had revenue of $247.04 million for the quarter, compared to analysts’ expectations of $256.73 million. Boston Beer Company, Inc. (The) had a return on equity of 21.11% and a net margin of 9.97%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.48 EPS.
Shares of Boston Beer Company, Inc. (NYSE:SAM) traded up $0.30 during trading on Friday, hitting $176.40. The stock had a trading volume of 112,700 shares, compared to its average volume of 168,844. The firm has a market capitalization of $2,071.52, a P/E ratio of 24.03, a PEG ratio of 5.79 and a beta of 0.57. Boston Beer Company, Inc. has a 12 month low of $128.70 and a 12 month high of $181.20.
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In related news, CMO Jonathan N. Potter sold 439 shares of Boston Beer Company, Inc. (The) stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $171.90, for a total value of $75,464.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 31.30% of the stock is owned by company insiders.
A number of equities research analysts recently weighed in on SAM shares. Cowen and Company restated a “sell” rating and issued a $126.00 price target on shares of Boston Beer Company, Inc. (The) in a report on Friday, July 14th. Zacks Investment Research upgraded Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $148.00 target price on the stock in a report on Monday, July 17th. Susquehanna Bancshares Inc reiterated a “positive” rating and set a $175.00 target price (down previously from $179.00) on shares of Boston Beer Company, Inc. (The) in a report on Friday, July 21st. Goldman Sachs Group, Inc. (The) lowered Boston Beer Company, Inc. (The) from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $140.00 to $110.00 in a research note on Monday, July 24th. Finally, BidaskClub raised Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Boston Beer Company, Inc. (The) currently has a consensus rating of “Hold” and a consensus price target of $149.00.
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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