Shares of Boston Beer Company Inc (NYSE:SAM) have received an average recommendation of “Hold” from the sixteen brokerages that are presently covering the stock, MarketBeat reports. Fourteen analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $201.90.
A number of equities research analysts have commented on the company. Stifel Nicolaus lifted their target price on Boston Beer from $169.00 to $235.00 and gave the company a “hold” rating in a research report on Thursday, April 26th. ValuEngine upgraded Boston Beer from a “sell” rating to a “hold” rating in a report on Friday, March 23rd. Macquarie upgraded Boston Beer from an “underperform” rating to a “neutral” rating and set a $140.00 price objective on the stock in a report on Thursday, February 8th. Cowen upgraded Boston Beer from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 4th. Finally, Zacks Investment Research upgraded Boston Beer from a “hold” rating to a “buy” rating and set a $257.00 price objective on the stock in a report on Monday, April 30th.
In other Boston Beer news, VP Quincy B. Troupe sold 476 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $167.00, for a total transaction of $79,492.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP David L. Grinnell sold 1,000 shares of the company’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $205.00, for a total value of $205,000.00. The disclosure for this sale can be found here. Insiders sold a total of 4,476 shares of company stock worth $959,492 in the last quarter. Company insiders own 29.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Endurance Wealth Management Inc. purchased a new stake in Boston Beer during the 4th quarter worth about $134,000. Advisor Group Inc. increased its holdings in Boston Beer by 91.9% during the 4th quarter. Advisor Group Inc. now owns 737 shares of the company’s stock worth $141,000 after purchasing an additional 353 shares during the period. Huntington National Bank increased its holdings in Boston Beer by 173.9% during the 4th quarter. Huntington National Bank now owns 775 shares of the company’s stock worth $148,000 after purchasing an additional 492 shares during the period. Texas Yale Capital Corp. purchased a new stake in Boston Beer during the 4th quarter worth about $207,000. Finally, Asset Management Group Inc. purchased a new stake in Boston Beer during the 4th quarter worth about $209,000. Institutional investors own 72.60% of the company’s stock.
NYSE:SAM traded up $1.60 on Tuesday, reaching $242.45. The company’s stock had a trading volume of 96,707 shares, compared to its average volume of 148,154. Boston Beer has a 12-month low of $128.70 and a 12-month high of $243.50. The company has a market capitalization of $2.85 billion, a P/E ratio of 37.19, a P/E/G ratio of 3.46 and a beta of 0.48.
Boston Beer (NYSE:SAM) last posted its earnings results on Wednesday, April 25th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.25. Boston Beer had a return on equity of 18.74% and a net margin of 11.09%. The company had revenue of $190.50 million for the quarter, compared to the consensus estimate of $174.87 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. equities analysts expect that Boston Beer will post 7.37 EPS for the current year.
Boston Beer Company Profile
The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It sells approximately 60 beers under the Samuel Adams brand names; 10 flavored malt beverages under the Twisted Tea brand name; 20 hard cider beverages under the Angry Orchard brand; 5 hard sparkling waters under the Truly Spiked & Sparkling brand name; and approximately 50 beers under 4 brand names.
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