Headlines about Boston Beer (NYSE:SAM) have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing 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 sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.794157048066 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
Shares of Boston Beer opened at $240.85 on Thursday, Marketbeat.com reports. Boston Beer has a 52-week low of $128.70 and a 52-week high of $246.75. The company has a market capitalization of $2.87 billion, a P/E ratio of 40.07, a PEG ratio of 3.49 and a beta of 0.48.
Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Wednesday, April 25th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the 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 analysts’ expectations of $174.87 million. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Boston Beer’s revenue was up 17.8% compared to the same quarter last year. analysts expect that Boston Beer will post 7.37 EPS for the current year.
A number of research analysts have recently commented on the company. Macquarie upped their target price on Boston Beer from $200.00 to $225.00 and gave the company a “neutral” rating in a research note on Thursday, April 26th. BMO Capital Markets reaffirmed a “hold” rating and set a $210.00 target price on shares of Boston Beer in a research note on Wednesday, April 18th. Stifel Nicolaus upped their target price on Boston Beer from $169.00 to $235.00 and gave the company a “hold” rating in a research note on Thursday, April 26th. Zacks Investment Research raised Boston Beer from a “hold” rating to a “buy” rating and set a $257.00 target price on the stock in a research note on Monday, April 30th. Finally, ValuEngine raised Boston Beer from a “sell” rating to a “hold” rating in a research note on Friday, March 23rd. Fourteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Boston Beer presently has a consensus rating of “Hold” and a consensus target price of $189.08.
In other Boston Beer news, VP David L. Grinnell sold 1,000 shares of the stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $205.00, for a total transaction of $205,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Quincy B. Troupe sold 476 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $167.00, for a total value of $79,492.00. The disclosure for this sale can be found here. In the last three months, insiders sold 4,476 shares of company stock worth $959,492. 29.20% of the stock is owned by insiders.
About Boston Beer
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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