Boston Beer (SAM) Earns Coverage Optimism Rating of 0.12
Headlines about Boston Beer (NYSE:SAM) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Boston Beer earned a news impact score of 0.12 on Accern’s scale. Accern also gave media headlines about the company an impact score of 44.9336454594965 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern’s analysis:
- Boston Beer Company, Inc. (The) (SAM) Downgraded to Neutral at Susquehanna Bancshares Inc (americanbankingnews.com)
- Calling All Beer Lovers: Samuel Adams Opens New Tap Room at Boston Brewery (tmrzoo.com)
- Boston Beer's $200 Utopias Won't Help Reverse Flagging Samuel Adams Sales (finance.yahoo.com)
- When Should You Buy The Boston Beer Company Inc (SAM)? (finance.yahoo.com)
Boston Beer (NYSE:SAM) opened at $179.85 on Friday. Boston Beer has a 52-week low of $128.70 and a 52-week high of $181.40. The firm has a market cap of $2,123.86, a P/E ratio of 24.64, a PEG ratio of 5.94 and a beta of 0.57.
Boston Beer (NYSE:SAM) last released its earnings results on Thursday, October 26th. The company reported $2.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.79. Boston Beer had a net margin of 9.97% and a return on equity of 21.11%. The firm had revenue of $247.04 million during the quarter, compared to the consensus estimate of $256.73 million. During the same period in the prior year, the firm earned $2.48 EPS. The company’s revenue was down 2.5% compared to the same quarter last year. equities analysts anticipate that Boston Beer will post 6.08 EPS for the current year.
Several brokerages recently commented on SAM. Jefferies Group reiterated a “hold” rating on shares of Boston Beer in a report on Thursday, September 7th. Zacks Investment Research downgraded Boston Beer from a “strong-buy” rating to a “hold” rating in a report on Monday, October 16th. BidaskClub upgraded Boston Beer from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Berenberg Bank reiterated a “sell” rating and set a $124.00 target price on shares of Boston Beer in a report on Monday, September 18th. Finally, Credit Suisse Group raised their target price on Boston Beer from $150.00 to $151.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $149.80.
In related news, insider Jonathan N. Potter sold 771 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $173.50, for a total value of $133,768.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 28.50% of the stock is owned by corporate insiders.
About Boston Beer
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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