Boston Beer - SAM Stock Forecast, Price & News

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, and hard seltzers under the Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, Concrete Beach brand names. The company markets and sells its products to a network of approximately 400 wholesalers in the United States, as well as international wholesalers, importers, or other agencies that in turn sell to retailers, such as grocery stores, club stores, convenience stores, liquor stores, bars, restaurants, stadiums, and other retail outlets. It also sells in products in Canada, Europe, Israel, Australia, New Zealand, the Caribbean, the Pacific Rim, Mexico, and Central and South America. The Boston Beer Company, Inc. was founded in 1984 and is based in Boston, Massachusetts.

Analyst Ratings Changes

A number of research firms recently weighed in on SAM. MKM Partners decreased their price objective on Boston Beer from $334.00 to $279.00 and set a "neutral" rating for the company in a report on Friday, July 22nd. Guggenheim lowered their price objective on Boston Beer from $660.00 to $520.00 and set a "buy" rating for the company in a research report on Wednesday, April 20th. Sanford C. Bernstein reduced their target price on Boston Beer to $320.00 in a report on Friday, July 22nd. Royal Bank of Canada lowered their price target on shares of Boston Beer from $331.00 to $314.00 in a report on Friday, July 22nd. Finally, The Goldman Sachs Group reduced their price objective on shares of Boston Beer from $318.00 to $258.00 and set a "sell" rating on the stock in a research note on Wednesday, August 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Boston Beer has a consensus rating of "Hold" and an average price target of $383.29.

Boston Beer Stock Performance

SAM traded up $0.15 during trading on Thursday, hitting $382.82. 119,525 shares of the company's stock were exchanged, compared to its average volume of 187,117. The business's 50 day moving average is $334.30 and its two-hundred day moving average is $364.50. Boston Beer has a fifty-two week low of $287.00 and a fifty-two week high of $654.00.

Boston Beer (NYSE:SAM - Get Rating) last posted its earnings results on Thursday, July 21st. The company reported $4.31 EPS for the quarter, missing the consensus estimate of $5.23 by ($0.92). Boston Beer had a positive return on equity of 8.60% and a negative net margin of 2.91%. During the same quarter in the prior year, the firm posted $4.72 EPS. On average, analysts expect that Boston Beer will post 8.22 EPS for the current fiscal year.

Insider Activity at Boston Beer

In other Boston Beer news, insider Carolyn L. O'boyle sold 251 shares of the business's stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $381.73, for a total value of $95,814.23. Following the transaction, the insider now directly owns 2,593 shares in the company, valued at $989,825.89. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Carolyn L. O'boyle sold 251 shares of Boston Beer stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $381.73, for a total value of $95,814.23. Following the completion of the sale, the insider now owns 2,593 shares of the company's stock, valued at approximately $989,825.89. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP David L. Grinnell sold 425 shares of the stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $304.97, for a total transaction of $129,612.25. Following the transaction, the vice president now owns 1,611 shares of the company's stock, valued at approximately $491,306.67. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,526 shares of company stock worth $533,607. 23.30% of the stock is owned by company insiders.