Boston Beer Company, Inc. (The) (SAM) Releases Quarterly Earnings Results, Beats Estimates By $0.79 EPS

Boston Beer Company, Inc. (The) (NYSE:SAM) posted its quarterly earnings results on Thursday, October 26th. The company reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.79, Bloomberg Earnings reports. Boston Beer Company, Inc. (The) had a net margin of 9.97% and a return on equity of 21.11%. The company had revenue of $247.04 million during the quarter, compared to analyst estimates of $256.73 million. During the same period last year, the firm posted $2.48 EPS. Boston Beer Company, Inc. (The)’s revenue for the quarter was down 2.5% compared to the same quarter last year.

Shares of Boston Beer Company, Inc. (SAM) traded up $0.30 during midday trading on Friday, reaching $176.40. 112,700 shares of the company traded hands, compared to its average volume of 168,844. Boston Beer Company, Inc. has a 12 month low of $128.70 and a 12 month high of $181.20. The stock has a market cap of $2,071.52, a price-to-earnings ratio of 24.03, a PEG ratio of 5.79 and a beta of 0.57.

A number of equities analysts have issued reports on the stock. Jefferies Group LLC reissued a “hold” rating on shares of Boston Beer Company, Inc. (The) in a research report on Thursday, September 7th. BidaskClub raised shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $175.00 target price (down from $179.00) on shares of Boston Beer Company, Inc. (The) in a report on Friday, July 21st. Zacks Investment Research lowered shares of Boston Beer Company, Inc. (The) from a “strong-buy” rating to a “hold” rating in a report on Monday, October 16th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “sell” rating and cut their target price for the company from $140.00 to $110.00 in a report on Monday, July 24th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Boston Beer Company, Inc. (The) has a consensus rating of “Hold” and an average price target of $149.00.

In other Boston Beer Company, Inc. (The) news, CMO Jonathan N. Potter sold 439 shares of Boston Beer Company, Inc. (The) stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $171.90, for a total transaction of $75,464.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 31.30% of the company’s stock.

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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.

Earnings History for Boston Beer Company, Inc. (The) (NYSE:SAM)

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