Boston Beer Company, Inc. (The) (SAM) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of Boston Beer Company, Inc. (The) (NYSE:SAM) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Boston Beer Company, Inc. (The) from a hold rating to a buy rating and set a $148.00 price target for the company in a research report on Monday, July 17th. Royal Bank Of Canada reissued a hold rating and set a $158.00 price target on shares of Boston Beer Company, Inc. (The) in a research report on Friday, June 30th. Jefferies Group LLC reissued a hold rating and set a $130.00 price target (down previously from $145.00) on shares of Boston Beer Company, Inc. (The) in a research report on Tuesday, April 18th. Susquehanna Bancshares Inc set a $154.00 price target on shares of Boston Beer Company, Inc. (The) and gave the company a hold rating in a research report on Monday, April 17th. Finally, UBS AG raised shares of Boston Beer Company, Inc. (The) from a neutral rating to a positive rating in a research report on Friday, April 28th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $142.13.

Boston Beer Company, Inc. (SAM) opened at 147.65 on Wednesday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 21.01 and a beta of 0.55. Boston Beer Company, Inc. has a one year low of $128.70 and a one year high of $194.98. The stock’s 50 day moving average is $138.60 and its 200-day moving average is $145.14.

Boston Beer Company, Inc. (The) (NYSE:SAM) last announced its quarterly earnings results on Thursday, July 27th. The company reported $2.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.89. The business had revenue of $247.90 million during the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.06 EPS. On average, equities research analysts expect that Boston Beer Company, Inc. will post $5.78 earnings per share for the current fiscal year.

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In related news, VP David L. Grinnell sold 2,628 shares of the stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $159.90, for a total value of $420,217.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Burwick sold 5,000 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $144.00, for a total transaction of $720,000.00. Following the completion of the transaction, the director now owns 6,094 shares of the company’s stock, valued at $877,536. The disclosure for this sale can be found here. 31.30% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in SAM. Russell Investments Group Ltd. purchased a new stake in Boston Beer Company, Inc. (The) during the fourth quarter worth $437,000. Thrivent Financial for Lutherans raised its stake in Boston Beer Company, Inc. (The) by 8.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,540 shares of the company’s stock worth $262,000 after buying an additional 120 shares in the last quarter. Norges Bank purchased a new stake in Boston Beer Company, Inc. (The) during the fourth quarter worth $6,713,000. Teachers Advisors LLC raised its stake in Boston Beer Company, Inc. (The) by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 14,185 shares of the company’s stock worth $2,409,000 after buying an additional 158 shares in the last quarter. Finally, Creative Planning raised its stake in Boston Beer Company, Inc. (The) by 124.0% in the first quarter. Creative Planning now owns 2,041 shares of the company’s stock worth $295,000 after buying an additional 1,130 shares in the last quarter. Institutional investors and hedge funds own 70.61% of the company’s stock.

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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