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

A number of research analysts recently issued reports on SAM shares. Citigroup Inc. reiterated a “neutral” rating and issued a $164.00 price objective (down previously from $186.00) on shares of Boston Beer in a report on Monday, April 25th. Susquehanna reiterated a “hold” rating and issued a $165.00 price objective on shares of Boston Beer in a report on Sunday, July 3rd. Jefferies Group dropped their price objective on shares of Boston Beer from $182.00 to $174.00 and set a “hold” rating for the company in a report on Wednesday, March 30th. Berenberg Bank dropped their price objective on shares of Boston Beer from $138.00 to $135.00 and set a “sell” rating for the company in a report on Wednesday, April 6th. Finally, Cowen and Company dropped their price objective on shares of Boston Beer from $200.00 to $151.00 and set a “market perform” rating for the company in a report on Friday, April 22nd. One equities research analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $177.40.

The company has a market capitalization of $2.07 billion and a P/E ratio of 24.14. The company has a 50 day moving average of $162.76 and a 200 day moving average of $171.55.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, April 21st. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by $0.43. During the same period last year, the firm earned $1.00 earnings per share. The firm earned $188.80 million during the quarter, compared to the consensus estimate of $198.42 million. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, analysts expect that Boston Beer Co. will post $6.70 earnings per share for the current year.

In other Boston Beer news, insider John C. Geist sold 950 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $155.00, for a total value of $147,250.00. Following the completion of the sale, the insider now owns 1,387 shares of the company’s stock, valued at $214,985. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Burwick sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of $153.21, for a total value of $766,050.00. Following the completion of the sale, the director now directly owns 6,094 shares of the company’s stock, valued at approximately $933,661.74. The disclosure for this sale can be found here.

A number of hedge funds have recently modified their holdings of SAM. State Board of Administration of Florida Retirement System raised its stake in shares of 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 in the last quarter. GSA Capital Partners LLP raised its stake 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. raised its stake 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. raised its stake 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 stake 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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