Boston Beer Company, Inc. (The) (SAM) Receives News Sentiment Score of 0.13
Press coverage about Boston Beer Company, Inc. (The) (NYSE:SAM) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Boston Beer Company, Inc. (The) earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.385657086225 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- The U.S. Beer Market Is Tapped Out (money.usnews.com)
- Urban Artifact to Release Collaboration New England IPA with Boston Beer Co.’s Samuel Adams (brewbound.com)
- Want Share of Boon in Alcohol Stocks? Buy Boston Beer (SAM) – Nasdaq (nasdaq.com)
- Boston Beer? More Like Tea and Seltzer (finance.yahoo.com)
- The Brewddhist: Beer geeks love getting it in the can (fredericknewspost.com)
Boston Beer Company, Inc. (SAM) traded down 0.85% during mid-day trading on Friday, hitting $152.20. 234,055 shares of the stock traded hands. Boston Beer Company, Inc. has a 12-month low of $128.70 and a 12-month high of $180.45. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 21.66 and a beta of 0.57. The firm’s 50-day moving average is $150.14 and its 200-day moving average is $143.43.
Boston Beer Company, Inc. (The) (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 27th. The company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.89. The business had revenue of $247.90 million during the quarter, compared to the consensus estimate of $222.74 million. Boston Beer Company, Inc. (The) had a net margin of 9.65% and a return on equity of 20.19%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.06 earnings per share. Equities research analysts expect that Boston Beer Company, Inc. will post $5.81 EPS for the current year.
SAM has been the subject of several research reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $129.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Wednesday, May 31st. Cowen and Company reaffirmed an “underperform” rating and set a $126.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Monday, June 12th. BidaskClub cut shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “strong sell” rating in a research note on Friday, June 16th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $158.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Friday, June 30th. Finally, Zacks Investment Research raised shares of Boston Beer Company, Inc. (The) from a “strong sell” rating to a “hold” rating in a research note on Monday, July 10th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Boston Beer Company, Inc. (The) has an average rating of “Hold” and an average target price of $140.13.
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In other news, VP David L. Grinnell sold 2,628 shares of Boston Beer Company, Inc. (The) stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $159.90, for a total transaction of $420,217.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 31.30% of the company’s stock.
Boston Beer Company, Inc. (The) Company Profile
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.
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