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.

Boston Beer Stock Performance

NYSE:SAM opened at $381.82 on Monday. Boston Beer has a fifty-two week low of $287.00 and a fifty-two week high of $651.34. The company has a market cap of $4.69 billion, a price-to-earnings ratio of -79.05 and a beta of 0.95. The stock has a fifty day moving average price of $335.59 and a 200-day moving average price of $362.88.

Boston Beer (NYSE:SAM - Get Rating) last issued 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 negative net margin of 2.91% and a positive return on equity of 8.60%. During the same quarter last year, the firm earned $4.72 earnings per share. Research analysts predict that Boston Beer will post 8.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SAM shares. Cowen reduced their target price on Boston Beer from $500.00 to $375.00 and set a "market perform" rating on the stock in a report on Friday, April 22nd. Royal Bank of Canada lowered their price target on Boston Beer from $331.00 to $314.00 in a research report on Friday, July 22nd. Jefferies Financial Group cut their price objective on Boston Beer from $384.00 to $341.00 in a report on Thursday, July 21st. TheStreet upgraded shares of Boston Beer from a "d+" rating to a "c" rating in a report on Friday, July 22nd. Finally, The Goldman Sachs Group decreased their price objective on shares of Boston Beer from $318.00 to $258.00 and set a "sell" rating for the company in a research report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $383.29.

Insider Buying and Selling at Boston Beer

In other news, VP David L. Grinnell sold 425 shares of the business's stock in a transaction on Monday, June 6th. The stock was sold at an average price of $345.21, for a total transaction of $146,714.25. Following the completion of the transaction, the vice president now owns 1,611 shares of the company's stock, valued at approximately $556,133.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Boston Beer news, VP David L. Grinnell sold 425 shares of Boston Beer stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $345.21, for a total value of $146,714.25. Following the transaction, the vice president now owns 1,611 shares in the company, valued at $556,133.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Carolyn L. O'boyle sold 251 shares of the stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $381.73, for a total transaction of $95,814.23. Following the completion of the transaction, the insider now directly owns 2,593 shares of the company's stock, valued at approximately $989,825.89. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,526 shares of company stock valued at $533,607. 23.30% of the stock is currently owned by corporate insiders.