Analysts Expect The Boston Beer Company, Inc. (NYSE:SAM) Will Post Quarterly Sales of $465.95 Million

Equities research analysts expect The Boston Beer Company, Inc. (NYSE:SAM) to post sales of $465.95 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Boston Beer’s earnings, with estimates ranging from $437.89 million to $494.00 million. Boston Beer reported sales of $460.94 million during the same quarter last year, which indicates a positive year over year growth rate of 1.1%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 16th.

On average, analysts expect that Boston Beer will report full year sales of $2.18 billion for the current year, with estimates ranging from $2.15 billion to $2.21 billion. For the next financial year, analysts expect that the firm will report sales of $2.37 billion, with estimates ranging from $2.28 billion to $2.49 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Boston Beer.

Boston Beer (NYSE:SAM) last issued its earnings results on Wednesday, October 20th. The company reported ($1.87) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.60 by ($6.47). The firm had revenue of $561.64 million during the quarter, compared to analyst estimates of $496.90 million. Boston Beer had a net margin of 4.49% and a return on equity of 17.98%. During the same quarter in the prior year, the firm posted $6.10 EPS.

A number of equities research analysts have recently weighed in on SAM shares. Deutsche Bank Aktiengesellschaft dropped their target price on Boston Beer from $564.00 to $492.00 and set a “hold” rating for the company in a research report on Friday, October 22nd. Credit Suisse Group decreased their target price on Boston Beer from $965.00 to $935.00 and set an “outperform” rating for the company in a research report on Friday, October 22nd. Evercore ISI decreased their price objective on shares of Boston Beer from $950.00 to $700.00 and set an “outperform” rating for the company in a report on Thursday, September 9th. MKM Partners dropped their price objective on Boston Beer from $530.00 to $475.00 and set a “neutral” rating on the stock in a research note on Friday, October 22nd. Finally, Morgan Stanley decreased their target price on Boston Beer from $990.00 to $800.00 and set an “overweight” rating for the company in a research note on Monday, September 13th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $797.80.

In other news, insider Samuel A. Calagione III sold 20,503 shares of the firm’s stock in a transaction that occurred on Tuesday, October 26th. The stock was sold at an average price of $499.18, for a total value of $10,234,687.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 24.30% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Mckinley Capital Management LLC Delaware boosted its holdings in shares of Boston Beer by 4.7% during the second quarter. Mckinley Capital Management LLC Delaware now owns 359 shares of the company’s stock worth $366,000 after acquiring an additional 16 shares during the period. Advisory Services Network LLC boosted its stake in Boston Beer by 11.6% in the 1st quarter. Advisory Services Network LLC now owns 164 shares of the company’s stock valued at $197,000 after purchasing an additional 17 shares during the period. Jacobi Capital Management LLC grew its holdings in Boston Beer by 220.0% in the 2nd quarter. Jacobi Capital Management LLC now owns 32 shares of the company’s stock valued at $33,000 after buying an additional 22 shares in the last quarter. Allworth Financial LP increased its position in Boston Beer by 5.5% during the 3rd quarter. Allworth Financial LP now owns 422 shares of the company’s stock worth $215,000 after buying an additional 22 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of Boston Beer by 4.9% during the second quarter. US Bancorp DE now owns 494 shares of the company’s stock worth $504,000 after buying an additional 23 shares in the last quarter. 71.54% of the stock is currently owned by hedge funds and other institutional investors.

SAM stock traded up $4.06 during trading on Friday, hitting $464.33. The company had a trading volume of 217,454 shares, compared to its average volume of 242,613. The firm has a 50-day moving average price of $503.86 and a 200-day moving average price of $728.62. Boston Beer has a 12 month low of $449.50 and a 12 month high of $1,349.98. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 58.85 and a beta of 0.70.

Boston Beer Company Profile

Boston Beer Co, Inc engages in the business of alcoholic beverages. Its brands include Truly Hard Seltzer, Twisted Tea, Samuel Adams, Angry Orchard, Hard Cider and Dogfish Head, and Craft Brewery. The company was founded by C. James Koch in 1984 and is headquartered in Boston, MA.

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Earnings History and Estimates for Boston Beer (NYSE:SAM)

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