Boston Beer Co. (SAM) Earns Hold Rating from Susquehanna
Boston Beer Co. (NYSE:SAM)‘s stock had its “hold” rating reiterated by analysts at Susquehanna in a note issued to investors on Tuesday. They presently have a $160.00 price target on the stock. Susquehanna’s price target would indicate a potential upside of 1.20% from the stock’s previous close.
Several other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Boston Beer from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 28th. Jefferies Group reaffirmed a “hold” rating and set a $151.00 price objective (up from $145.00) on shares of Boston Beer in a report on Monday, July 25th. Credit Suisse Group AG assumed coverage on shares of Boston Beer in a report on Thursday, September 15th. They set an “underperform” rating and a $156.00 price objective on the stock. William Blair assumed coverage on shares of Boston Beer in a report on Wednesday, September 21st. They set an “outperform” rating on the stock. Finally, Cowen and Company downgraded shares of Boston Beer from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $170.00 to $128.00 in a report on Wednesday, September 21st. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $174.09.
Boston Beer (NYSE:SAM) traded up 1.93% during mid-day trading on Tuesday, hitting $158.10. 220,854 shares of the stock were exchanged. The stock’s 50 day moving average is $163.83 and its 200 day moving average is $167.27. Boston Beer has a 52-week low of $145.33 and a 52-week high of $260.51. The stock has a market cap of $1.95 billion, a PE ratio of 23.67 and a beta of 0.64.
Boston Beer (NYSE:SAM) last released its quarterly earnings results on Thursday, July 21st. The company reported $2.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.12. The company had revenue of $244.80 million for the quarter, compared to analyst estimates of $238.87 million. Boston Beer had a net margin of 9.22% and a return on equity of 19.60%. Analysts forecast that Boston Beer will post $6.46 EPS for the current fiscal year.
In other Boston Beer news, insider Martin F. Roper sold 7,000 shares of Boston Beer stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $191.12, for a total transaction of $1,337,840.00. Following the transaction, the insider now directly owns 12,273 shares of the company’s stock, valued at $2,345,615.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Martin F. Roper sold 5,000 shares of Boston Beer stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $150.07, for a total transaction of $750,350.00. Following the transaction, the insider now directly owns 37,273 shares in the company, valued at $5,593,559.11. The disclosure for this sale can be found here. Company insiders own 31.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of Boston Beer by 3.3% in the second quarter. Nisa Investment Advisors LLC now owns 3,100 shares of the company’s stock worth $530,000 after buying an additional 100 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Boston Beer by 0.3% in the second quarter. Fisher Asset Management LLC now owns 345,673 shares of the company’s stock worth $59,024,000 after buying an additional 950 shares in the last quarter. Nepsis Capital Management Inc. boosted its stake in shares of Boston Beer by 15.2% in the second quarter. Nepsis Capital Management Inc. now owns 22,460 shares of the company’s stock worth $3,841,000 after buying an additional 2,968 shares in the last quarter. Curbstone Financial Management Corp boosted its stake in shares of Boston Beer by 5.2% in the second quarter. Curbstone Financial Management Corp now owns 3,040 shares of the company’s stock worth $520,000 after buying an additional 150 shares in the last quarter. Finally, BNP Paribas Arbitrage SA bought a new stake in shares of Boston Beer during the second quarter worth $709,000. 65.04% of the stock is currently owned by institutional investors.
Boston Beer Company Profile
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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