Boston Beer Co. (SAM) Stock Price Down 3.4%
Boston Beer Co. (NYSE:SAM) shares traded down 3.4% on Wednesday . The stock traded as low as $185.00 and last traded at $185.00, with a volume of 65,325 shares trading hands. The stock had previously closed at $191.47.
SAM has been the subject of several analyst reports. Cowen and Company reaffirmed a “hold” rating on shares of Boston Beer in a report on Saturday, April 23rd. Susquehanna reaffirmed a “hold” rating on shares of Boston Beer in a report on Saturday, April 23rd. Goldman Sachs Group Inc. reaffirmed a “hold” rating on shares of Boston Beer in a report on Saturday, April 23rd. Citigroup Inc. reaffirmed a “neutral” rating and set a $164.00 target price (down from $186.00) on shares of Boston Beer in a report on Monday, April 25th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $151.00 target price (up from $145.00) on shares of Boston Beer in a report on Monday, July 25th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. Boston Beer has an average rating of “Hold” and an average price target of $178.00.
The stock has a market cap of $2.30 billion and a P/E ratio of 27.94. The firm has a 50-day moving average of $175.90 and a 200 day moving average of $172.61.
Boston Beer (NYSE:SAM) last released its earnings results on Thursday, July 21st. The company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.12. The firm had revenue of $244.80 million for the quarter, compared to the consensus estimate of $238.87 million. On average, equities research analysts anticipate that Boston Beer Co. will post $6.55 earnings per share for the current year.
In related news, major shareholder Tybourne Capital Management Hk sold 600 shares of the company’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $186.33, for a total value of $111,798.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John C. Geist sold 3,991 shares of the company’s stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $158.30, for a total value of $631,775.30. Following the completion of the sale, the insider now owns 4,428 shares of the company’s stock, valued at approximately $700,952.40. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in Boston Beer stock. Trexquant Investment LP acquired a new position in shares of Boston Beer Co. (NYSE:SAM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,300 shares of the company’s stock, valued at approximately $1,676,000. Trexquant Investment LP owned about 0.06% of Boston Beer at the end of the most recent quarter.
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. The Company operates through two segments: Boston Beer Company segment and A&S Brewing Collaborative segment.
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