Boston Beer (NYSE:SAM) Reaches New 12-Month Low - Here's Why

The Boston Beer Company, Inc. (NYSE:SAM - Get Free Report) shares reached a new 52-week low during trading on Monday . The stock traded as low as $190.98 and last traded at $192.38, with a volume of 32199 shares. The stock had previously closed at $198.17.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SAM. UBS Group boosted their target price on shares of Boston Beer from $265.00 to $279.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Needham & Company LLC reissued a "hold" rating on shares of Boston Beer in a report on Friday, April 25th. Cfra Research upgraded Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a research note on Thursday, April 24th. Citigroup lifted their target price on Boston Beer from $280.00 to $285.00 and gave the company a "buy" rating in a report on Monday, April 14th. Finally, Morgan Stanley lowered their price target on shares of Boston Beer from $290.00 to $270.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $286.12.

Boston Beer Price Performance

The company has a market cap of $2.15 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05. The company has a fifty day moving average price of $232.40 and a 200 day moving average price of $247.99.

Boston Beer (NYSE:SAM - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $2.16 earnings per share (EPS) for the quarter, beating 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 net margin of 3.30% and a return on equity of 13.81%. Boston Beer's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 earnings per share. As a group, sell-side analysts predict that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its stake in shares of Boston Beer by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 94,356 shares of the company's stock valued at $28,305,000 after purchasing an additional 4,675 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in Boston Beer by 51.8% in the first quarter. Wedge Capital Management L L P NC now owns 8,593 shares of the company's stock worth $2,052,000 after purchasing an additional 2,932 shares during the last quarter. Norges Bank purchased a new stake in Boston Beer during the fourth quarter valued at about $30,741,000. GAMMA Investing LLC boosted its position in Boston Beer by 7,861.2% during the first quarter. GAMMA Investing LLC now owns 10,270 shares of the company's stock valued at $2,453,000 after buying an additional 10,141 shares during the period. Finally, Global Alpha Capital Management Ltd. bought a new position in shares of Boston Beer during the fourth quarter valued at about $23,349,000. 81.13% of the stock is currently owned by institutional investors.

About Boston Beer

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.

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