Boston Beer Company Inc (NYSE:SAM) has been given a consensus recommendation of “Hold” by the fifteen analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $257.42.
SAM has been the subject of a number of recent analyst reports. Cowen reissued a “hold” rating and issued a $350.00 target price on shares of Boston Beer in a research report on Wednesday, July 25th. Macquarie lowered Boston Beer from a “neutral” rating to an “underperform” rating and set a $225.00 target price for the company. in a research report on Wednesday, July 25th. They noted that the move was a valuation call. Berenberg Bank set a $290.00 target price on Boston Beer and gave the stock a “hold” rating in a research report on Tuesday, September 11th. ValuEngine raised Boston Beer from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 31st. Finally, Zacks Investment Research lowered Boston Beer from a “buy” rating to a “hold” rating in a research report on Monday, September 10th.
SAM opened at $303.93 on Tuesday. The stock has a market capitalization of $3.34 billion, a PE ratio of 50.57, a P/E/G ratio of 3.88 and a beta of 0.56. Boston Beer has a 1 year low of $160.40 and a 1 year high of $329.95.
Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Thursday, October 25th. The company reported $3.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.35 by ($0.14). The company had revenue of $326.85 million during the quarter, compared to analysts’ expectations of $270.60 million. Boston Beer had a return on equity of 18.00% and a net margin of 10.17%. As a group, research analysts expect that Boston Beer will post 7.48 earnings per share for the current year.
In other Boston Beer news, Chairman C James Koch sold 5,000 shares of the business’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $297.29, for a total transaction of $1,486,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Quincy B. Troupe sold 700 shares of the business’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $298.80, for a total value of $209,160.00. The disclosure for this sale can be found here. In the last three months, insiders sold 25,700 shares of company stock valued at $8,018,760. 29.20% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Vident Investment Advisory LLC grew its stake in shares of Boston Beer by 1.5% during the 2nd quarter. Vident Investment Advisory LLC now owns 18,677 shares of the company’s stock valued at $5,597,000 after purchasing an additional 279 shares during the period. Jennison Associates LLC bought a new stake in shares of Boston Beer during the 2nd quarter valued at about $397,000. Bessemer Group Inc. grew its stake in shares of Boston Beer by 5.5% during the 2nd quarter. Bessemer Group Inc. now owns 7,700 shares of the company’s stock valued at $2,308,000 after purchasing an additional 400 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of Boston Beer by 38.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 4,996 shares of the company’s stock valued at $1,497,000 after purchasing an additional 1,390 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in shares of Boston Beer during the 2nd quarter valued at about $6,538,000. Institutional investors and hedge funds own 71.90% of the company’s stock.
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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