Boston Beer Co. (SAM) Shares Up 3.2%
Boston Beer Co. (NYSE:SAM)’s share price shot up 3.2% on Tuesday . The company traded as high as $194.11 and last traded at $192.59, with a volume of 90,021 shares traded. The stock had previously closed at $186.55.
A number of brokerages recently weighed in on SAM. Cowen and Company restated a “hold” rating on shares of Boston Beer in a report on Saturday, April 23rd. Susquehanna restated a “hold” rating on shares of Boston Beer in a report on Saturday, April 23rd. Goldman Sachs Group Inc. restated a “hold” rating on shares of Boston Beer in a report on Saturday, April 23rd. Citigroup Inc. restated a “neutral” rating and issued a $164.00 price objective (down from $186.00) on shares of Boston Beer in a report on Monday, April 25th. Finally, Jefferies Group restated a “hold” rating and issued a $151.00 price objective (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 issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $178.00.
The firm has a market capitalization of $2.30 billion and a PE ratio of 27.94. The stock’s 50 day moving average price is $175.90 and its 200 day moving average price is $172.61.
Boston Beer (NYSE:SAM) last released its quarterly earnings data on Thursday, July 21st. The company reported $2.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.12. The business had revenue of $244.80 million for the quarter, compared to the consensus estimate of $238.87 million. On average, analysts forecast that Boston Beer Co. will post $6.55 earnings per share for the current year.
In other Boston Beer news, major shareholder Tybourne Capital Management Hk sold 600 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $186.33, for a total value of $111,798.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John C. Geist sold 3,991 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $158.30, for a total transaction of $631,775.30. Following the completion of the sale, the insider now owns 4,428 shares of the company’s stock, valued at $700,952.40. The disclosure for this sale can be found here.
An institutional investor recently bought a new position in Boston Beer stock. Trexquant Investment LP bought a new stake in shares of Boston Beer Co. (NYSE:SAM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,300 shares of the company’s stock, valued at approximately $1,676,000. Trexquant Investment LP owned 0.06% of Boston Beer as of its most recent filing with the SEC.
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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