Boston Beer Co. (SAM) Trading Up 1.1%
Shares of Boston Beer Co. (NYSE:SAM) were up 1.1% during trading on Tuesday . The stock traded as high as $169.77 and last traded at $168.40, with a volume of 112,145 shares. The stock had previously closed at $166.64.
Several analysts have commented on SAM shares. Jefferies Group dropped their target price on shares of Boston Beer from $182.00 to $174.00 and set a “hold” rating on the stock in a report on Wednesday, March 30th. Zacks Investment Research upgraded shares of Boston Beer from a “sell” rating to a “hold” rating in a report on Tuesday, March 15th. Susquehanna restated a “hold” rating on shares of Boston Beer in a report on Saturday, April 23rd. Cowen and Company restated a “hold” rating on shares of Boston Beer in a report on Saturday, April 23rd. Finally, Goldman Sachs Group Inc. restated a “hold” rating on shares of Boston Beer in a report on Saturday, April 23rd. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the stock. Boston Beer presently has an average rating of “Hold” and an average price target of $177.40.
The firm’s 50-day moving average is $159.17 and its 200-day moving average is $173.65. The stock has a market capitalization of $2.13 billion and a price-to-earnings ratio of 24.75.
Boston Beer (NYSE:SAM) last announced its earnings results 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 quarter in the previous year, the firm earned $1.00 EPS. The company earned $188.80 million during the quarter, compared to analyst estimates of $198.42 million. Boston Beer’s revenue was down 5.4% compared to the same quarter last year. Equities analysts anticipate that Boston Beer Co. will post $6.69 EPS for the current fiscal year.
In other Boston Beer news, insider John C. Geist sold 950 shares of the business’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 transaction, the insider now directly 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 is available through this link. Also, Director David A. Burwick sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $153.21, for a total value of $766,050.00. Following the completion of the transaction, the director now directly owns 6,094 shares in the company, valued at $933,661.74. The disclosure for this sale can be found here.
A number of institutional investors have modified their holdings of SAM. PNC Financial Services Group Inc. raised its position in shares of Boston Beer by 29.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 98,408 shares of the company’s stock valued at $19,869,000 after buying an additional 22,207 shares during the period. Rhumbline Advisers raised its position in shares of Boston Beer by 5.3% in the fourth quarter. Rhumbline Advisers now owns 19,062 shares of the company’s stock valued at $3,849,000 after buying an additional 951 shares during the period. California State Teachers Retirement System raised its position in shares of Boston Beer by 1.2% in the fourth quarter. California State Teachers Retirement System now owns 16,802 shares of the company’s stock valued at $3,392,000 after buying an additional 200 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Boston Beer during the fourth quarter valued at about $2,626,000. Finally, Russell Frank Co acquired a new position in shares of Boston Beer during the fourth quarter valued at about $1,858,000.
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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