Boston Beer (NYSE:SAM) Hits New 52-Week Low - Time to Sell?

The Boston Beer Company, Inc. (NYSE:SAM - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $215.05 and last traded at $215.11, with a volume of 42753 shares trading hands. The stock had previously closed at $220.03.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SAM. Cfra Research upgraded Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a report on Thursday, April 24th. Wall Street Zen upgraded Boston Beer from a "hold" rating to a "buy" rating in a research report on Friday, April 25th. Berenberg Bank initiated coverage on Boston Beer in a research note on Wednesday, April 2nd. They issued a "hold" rating and a $281.10 price target for the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $279.00 price objective on shares of Boston Beer in a report on Tuesday, April 22nd. Finally, Citigroup lifted their target price on Boston Beer from $280.00 to $285.00 and gave the company a "buy" rating in a research report on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $286.12.

Boston Beer Trading Down 2.7%

The company has a market cap of $2.39 billion, a price-to-earnings ratio of 31.47, a P/E/G ratio of 1.23 and a beta of 1.05. The stock's 50-day moving average is $236.90 and its 200-day moving average is $254.19.

Boston Beer (NYSE:SAM - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $1.38. The business had revenue of $481.36 million during the quarter, compared to analyst estimates of $436.27 million. Boston Beer had a return on equity of 11.76% and a net margin of 3.82%. Boston Beer's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 earnings per share. As a group, analysts predict that The Boston Beer Company, Inc. will post 9.29 EPS for the current year.

Institutional Investors Weigh In On Boston Beer

Hedge funds have recently made changes to their positions in the company. Rossby Financial LCC purchased a new position in Boston Beer during the first quarter valued at approximately $25,000. Blue Trust Inc. boosted its position in shares of Boston Beer by 405.6% during the fourth quarter. Blue Trust Inc. now owns 91 shares of the company's stock worth $26,000 after buying an additional 73 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Boston Beer by 2,225.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company's stock valued at $28,000 after purchasing an additional 89 shares during the period. Elequin Capital LP purchased a new stake in Boston Beer during the first quarter worth approximately $30,000. Finally, GeoWealth Management LLC acquired a new stake in shares of Boston Beer during the fourth quarter worth about $35,000. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

Boston Beer Company Profile

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.