Shares of Boston Beer Co. (NYSE:SAM) were down 2.1% on Monday . The stock traded as low as $165.74 and last traded at $165.90, with a volume of 61,065 shares. The stock had previously closed at $169.50.

Several equities analysts have recently commented on the stock. Berenberg Bank restated a “sell” rating and issued a $135.00 target price on shares of Boston Beer in a research report on Monday, April 25th. Susquehanna restated a “hold” rating on shares of Boston Beer in a research report on Saturday, April 23rd. Tigress Financial cut shares of Boston Beer from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 27th. Citigroup Inc. restated a “neutral” rating and issued a $164.00 target price (down from $186.00) on shares of Boston Beer in a research report on Monday, April 25th. Finally, Goldman Sachs Group Inc. dropped their target price on shares of Boston Beer from $178.00 to $155.00 and set a “neutral” rating for the company in a research report on Friday, April 22nd. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. The company has an average rating of “Hold” and an average price target of $177.40.

The company has a market cap of $2.10 billion and a P/E ratio of 24.44. The stock’s 50 day moving average is $162.50 and its 200 day moving average is $172.31.

Boston Beer (NYSE:SAM) last issued its earnings results on Thursday, April 21st. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by $0.43. The business had revenue of $188.80 million for the quarter, compared to analysts’ expectations of $198.42 million. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 EPS. On average, equities research analysts anticipate that Boston Beer Co. will post $6.70 earnings per share for the current fiscal year.

In other Boston Beer news, insider John C. Geist sold 950 shares of Boston Beer stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $155.00, for a total transaction of $147,250.00. Following the transaction, the insider now directly owns 1,387 shares of the company’s stock, valued at $214,985. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David L. Grinnell sold 1,000 shares of Boston Beer stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $156.08, for a total transaction of $156,080.00. Following the transaction, the vice president now directly owns 4,099 shares in the company, valued at $639,771.92. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have bought and sold shares of the company. State Board of Administration of Florida Retirement System increased its position in Boston Beer by 55.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 5,338 shares of the company’s stock valued at $1,078,000 after buying an additional 1,902 shares during the period. GSA Capital Partners LLP boosted its position in shares of Boston Beer by 373.4% in the fourth quarter. GSA Capital Partners LLP now owns 5,506 shares of the company’s stock valued at $1,112,000 after buying an additional 4,343 shares in the last quarter. Sawtooth Asset Management Inc. boosted its position in shares of Boston Beer by 13,942.9% in the fourth quarter. Sawtooth Asset Management Inc. now owns 5,898 shares of the company’s stock valued at $1,191,000 after buying an additional 5,856 shares in the last quarter. Liberty Mutual Group Asset Management Inc. boosted its position in shares of Boston Beer by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 6,252 shares of the company’s stock valued at $1,261,000 after buying an additional 2,120 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Boston Beer during the fourth quarter valued at about $1,676,000.

The Boston Beer Company, Inc (Boston Beer) 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 international markets. As of December 31, 2014, Boston Beer sold approximately 4.1 million barrels of its products.

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