Boston Beer (NYSE:SAM) Trading Down 3.1% - Should You Sell?

The Boston Beer Company, Inc. (NYSE:SAM - Get Free Report) was down 3.1% during mid-day trading on Monday . The stock traded as low as $243.10 and last traded at $240.32. Approximately 7,715 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 210,558 shares. The stock had previously closed at $247.89.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $279.00 price objective on shares of Boston Beer in a research report on Tuesday, April 22nd. Morgan Stanley dropped their price target on Boston Beer from $290.00 to $270.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Citigroup increased their price objective on shares of Boston Beer from $280.00 to $285.00 and gave the company a "buy" rating in a research report on Monday, April 14th. Berenberg Bank assumed coverage on shares of Boston Beer in a research report on Wednesday, April 2nd. They set a "hold" rating and a $281.10 target price on the stock. Finally, Piper Sandler decreased their price target on shares of Boston Beer from $240.00 to $230.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $286.12.

Boston Beer Price Performance

The firm's fifty day simple moving average is $238.15 and its 200 day simple moving average is $267.77. The company has a market capitalization of $2.69 billion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26.

Boston Beer (NYSE:SAM - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $2.16 EPS for the quarter, topping the consensus estimate of $0.78 by $1.38. The business had revenue of $481.36 million for 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%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.04 EPS. On average, equities research analysts anticipate that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Blue Trust Inc. raised its holdings in Boston Beer by 405.6% in the 4th quarter. Blue Trust Inc. now owns 91 shares of the company's stock worth $26,000 after purchasing an additional 73 shares during the period. EverSource Wealth Advisors LLC grew its stake in Boston Beer by 2,225.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company's stock valued at $28,000 after acquiring an additional 89 shares during the period. Rossby Financial LCC purchased a new stake in Boston Beer in the 1st quarter worth $25,000. GeoWealth Management LLC acquired a new position in Boston Beer during the fourth quarter worth $35,000. Finally, GAMMA Investing LLC lifted its holdings in Boston Beer by 59.3% during the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company's stock valued at $39,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 81.13% of the company's stock.

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.