$208.20 Million in Sales Expected for Boston Beer Company Inc (SAM) This Quarter
Analysts forecast that Boston Beer Company Inc (NYSE:SAM) will post $208.20 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Boston Beer’s earnings, with the highest sales estimate coming in at $209.30 million and the lowest estimate coming in at $207.10 million. Boston Beer posted sales of $219.37 million during the same quarter last year, which suggests a negative year-over-year growth rate of 5.1%. The company is scheduled to report its next earnings results after the market closes on Wednesday, February 21st.
According to Zacks, analysts expect that Boston Beer will report full year sales of $208.20 million for the current year, with estimates ranging from $863.70 million to $865.97 million. For the next year, analysts expect that the company will report sales of $861.60 million per share, with estimates ranging from $855.29 million to $867.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Boston Beer.
A number of research firms have weighed in on SAM. BMO Capital Markets began coverage on shares of Boston Beer in a research note on Monday, February 5th. They set a “market perform” rating and a $180.00 price target on the stock. Macquarie upgraded shares of Boston Beer from an “underperform” rating to a “neutral” rating and set a $140.00 price target on the stock in a research note on Thursday, February 8th. TheStreet upgraded shares of Boston Beer from a “c+” rating to a “b-” rating in a research note on Thursday, November 2nd. Jefferies Group reiterated a “hold” rating and set a $175.00 price target on shares of Boston Beer in a research note on Thursday, January 4th. Finally, Zacks Investment Research upgraded shares of Boston Beer from a “hold” rating to a “strong-buy” rating and set a $221.00 price target on the stock in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $160.33.
Several large investors have recently modified their holdings of SAM. Thrivent Financial For Lutherans boosted its stake in shares of Boston Beer by 5.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,860 shares of the company’s stock valued at $246,000 after purchasing an additional 100 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Boston Beer by 4.6% in the second quarter. UBS Asset Management Americas Inc. now owns 3,654 shares of the company’s stock valued at $483,000 after buying an additional 161 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Boston Beer by 1.9% in the second quarter. Northern Trust Corp now owns 149,976 shares of the company’s stock valued at $19,819,000 after buying an additional 2,852 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Boston Beer by 2.0% in the second quarter. Vanguard Group Inc. now owns 748,951 shares of the company’s stock valued at $98,974,000 after buying an additional 14,951 shares during the last quarter. Finally, FMR LLC bought a new position in shares of Boston Beer in the second quarter valued at about $661,000. Institutional investors own 75.30% of the company’s stock.
Shares of Boston Beer (SAM) opened at $200.70 on Friday. Boston Beer has a 52 week low of $128.70 and a 52 week high of $202.35. The firm has a market cap of $2,352.59, a price-to-earnings ratio of 27.38, a price-to-earnings-growth ratio of 5.71 and a beta of 0.53.
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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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