Cowen and Company restated their sell rating on shares of Boston Beer Company, Inc. (The) (NYSE:SAM) in a research report released on Friday. They currently have a $126.00 price target on the stock.

SAM has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Boston Beer Company, Inc. (The) from a sell rating to a hold rating in a research report on Tuesday, April 25th. BidaskClub cut shares of Boston Beer Company, Inc. (The) from a sell rating to a strong sell rating in a research report on Friday, June 16th. Jefferies Group LLC restated a hold rating and issued a $129.00 price objective on shares of Boston Beer Company, Inc. (The) in a research report on Wednesday, May 31st. Susquehanna Bancshares Inc restated a positive rating on shares of Boston Beer Company, Inc. (The) in a research report on Monday, May 8th. Finally, Royal Bank Of Canada restated a hold rating and issued a $158.00 price objective on shares of Boston Beer Company, Inc. (The) in a research report on Friday, June 30th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $146.13.

Shares of Boston Beer Company, Inc. (NYSE:SAM) traded up 0.72% during mid-day trading on Friday, hitting $132.70. 104,639 shares of the company traded hands. The firm’s 50 day moving average price is $138.68 and its 200-day moving average price is $150.46. Boston Beer Company, Inc. has a 1-year low of $128.70 and a 1-year high of $195.35. The stock has a market capitalization of $1.63 billion, a PE ratio of 19.62 and a beta of 0.51.

Boston Beer Company, Inc. (The) (NYSE:SAM) last issued its earnings results on Wednesday, April 26th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.19. The company had revenue of $161.70 million for the quarter, compared to analysts’ expectations of $170.33 million. Boston Beer Company, Inc. (The) had a net margin of 9.42% and a return on equity of 19.73%. The firm’s revenue was down 14.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. On average, equities research analysts forecast that Boston Beer Company, Inc. will post $5.44 EPS for the current year.

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In other news, Director David A. Burwick sold 5,000 shares of Boston Beer Company, Inc. (The) stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $144.00, for a total transaction of $720,000.00. Following the sale, the director now owns 6,094 shares of the company’s stock, valued at approximately $877,536. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman C James Koch sold 7,500 shares of Boston Beer Company, Inc. (The) stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $139.74, for a total transaction of $1,048,050.00. Following the sale, the chairman now directly owns 61,326 shares in the company, valued at approximately $8,569,695.24. The disclosure for this sale can be found here. Insiders have sold a total of 42,872 shares of company stock worth $6,015,343 in the last ninety days. Insiders own 28.50% of the company’s stock.

Several large investors have recently made changes to their positions in SAM. Oregon Public Employees Retirement Fund raised its stake in shares of Boston Beer Company, Inc. (The) by 5.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 3,452 shares of the company’s stock worth $456,000 after buying an additional 188 shares during the last quarter. Eqis Capital Management Inc. raised its stake in shares of Boston Beer Company, Inc. (The) by 16.1% in the second quarter. Eqis Capital Management Inc. now owns 1,676 shares of the company’s stock worth $221,000 after buying an additional 233 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Boston Beer Company, Inc. (The) by 6.6% in the second quarter. Meeder Asset Management Inc. now owns 5,168 shares of the company’s stock worth $682,000 after buying an additional 322 shares during the last quarter. Trust Co. of Vermont acquired a new stake in Boston Beer Company, Inc. (The) during the second quarter valued at approximately $238,000. Finally, Confluence Investment Management LLC raised its stake in Boston Beer Company, Inc. (The) by 18.0% in the second quarter. Confluence Investment Management LLC now owns 26,083 shares of the company’s stock valued at $3,447,000 after buying an additional 3,976 shares during the last quarter. 71.51% of the stock is currently owned by hedge funds and other institutional investors.

About Boston Beer Company, Inc. (The)

The Boston Beer Company, Inc 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 selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.

Analyst Recommendations for Boston Beer Company, Inc. (The) (NYSE:SAM)

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