Boston Beer (NYSE:SAM)‘s stock had its “hold” rating restated by research analysts at Jefferies Group in a note issued to investors on Thursday, January 4th. They presently have a $175.00 price objective on the stock. Jefferies Group’s price target would suggest a potential downside of 9.07% from the company’s previous close.
A number of other equities research analysts also recently commented on SAM. TheStreet upgraded Boston Beer from a “c+” rating to a “b-” rating in a research report on Thursday, November 2nd. Credit Suisse Group boosted their target price on Boston Beer from $150.00 to $151.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Berenberg Bank reaffirmed a “sell” rating and set a $124.00 price objective on shares of Boston Beer in a research note on Monday, September 18th. Macquarie began coverage on Boston Beer in a research note on Thursday, September 14th. They set an “underperform” rating and a $140.00 target price for the company. Finally, Susquehanna Bancshares downgraded Boston Beer from a “positive” rating to a “neutral” rating and cut their target price for the stock from $216.00 to $183.00 in a research note on Monday, November 13th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $158.55.
Boston Beer (NYSE:SAM) traded down $1.30 during trading on Thursday, reaching $192.45. The company’s stock had a trading volume of 76,177 shares, compared to its average volume of 126,271. Boston Beer has a 52 week low of $128.70 and a 52 week high of $197.05. The stock has a market capitalization of $2,280.00, a PE ratio of 26.26, a PEG ratio of 5.66 and a beta of 0.58.
Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, October 26th. The company reported $2.78 EPS for the quarter, beating the consensus estimate of $1.99 by $0.79. Boston Beer had a return on equity of 21.11% and a net margin of 9.97%. The company had revenue of $247.04 million for the quarter, compared to analyst estimates of $256.73 million. During the same period last year, the company earned $2.48 earnings per share. Boston Beer’s quarterly revenue was down 2.5% compared to the same quarter last year. equities analysts expect that Boston Beer will post 6.22 EPS for the current fiscal year.
In related news, CMO Jonathan N. Potter sold 439 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was 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 available at this hyperlink. Also, VP David L. Grinnell sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $195.00, for a total value of $195,000.00. The disclosure for this sale can be found here. Insiders have sold 36,420 shares of company stock valued at $6,827,457 over the last 90 days. Insiders own 28.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its position in Boston Beer by 95.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 842 shares of the company’s stock worth $111,000 after purchasing an additional 411 shares in the last quarter. Victory Capital Management Inc. grew its position in Boston Beer by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock worth $128,000 after purchasing an additional 145 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Boston Beer during the 3rd quarter worth approximately $203,000. Cubist Systematic Strategies LLC grew its position in Boston Beer by 5.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock worth $208,000 after purchasing an additional 76 shares in the last quarter. Finally, Shaker Investments LLC OH purchased a new position in Boston Beer during the 3rd quarter worth approximately $209,000. 75.83% of the stock is currently owned by institutional investors.
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Boston Beer Company Profile
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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