Media coverage about Boston Beer (NYSE:SAM) has been trending somewhat positive on Thursday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Boston Beer earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news stories about the company an impact score of 44.6677660141499 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s rankings:
A number of research analysts recently commented on the stock. Citigroup raised their price objective on shares of Boston Beer from $165.00 to $181.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Credit Suisse Group lifted their target price on shares of Boston Beer from $150.00 to $151.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Zacks Investment Research raised shares of Boston Beer from a “hold” rating to a “buy” rating and set a $187.00 target price on the stock in a report on Monday, October 30th. Macquarie started coverage on shares of Boston Beer in a research note on Thursday, September 14th. They issued an “underperform” rating and a $140.00 price objective for the company. Finally, TheStreet upgraded shares of Boston Beer from a “c+” rating to a “b-” rating in a research note on Thursday, November 2nd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $151.27.
Boston Beer (SAM) traded up $1.25 during trading hours on Thursday, hitting $189.95. 162,999 shares of the stock were exchanged, compared to its average volume of 164,152. The firm has a market capitalization of $2,168.54, a price-to-earnings ratio of 25.16, a PEG ratio of 6.07 and a beta of 0.57. Boston Beer has a twelve month low of $128.70 and a twelve month high of $190.80.
Boston Beer (NYSE:SAM) last released its earnings results on Thursday, October 26th. The company reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.79. Boston Beer had a net margin of 9.97% and a return on equity of 21.11%. The firm had revenue of $247.04 million during the quarter, compared to the consensus estimate of $256.73 million. During the same period in the previous year, the firm earned $2.48 earnings per share. Boston Beer’s revenue was down 2.5% compared to the same quarter last year. sell-side analysts forecast that Boston Beer will post 6.08 earnings per share for the current year.
In other Boston Beer news, insider Jonathan N. Potter sold 771 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $173.50, for a total transaction of $133,768.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 31.30% of the stock is owned by insiders.
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About Boston Beer
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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