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 Trading Up 0.0 %

Shares of Boston Beer stock opened at $382.00 on Tuesday. The firm's 50-day moving average price is $336.56 and its 200 day moving average price is $362.57. Boston Beer has a twelve month low of $287.00 and a twelve month high of $638.98. The firm has a market capitalization of $4.69 billion, a PE ratio of -79.09 and a beta of 0.95.

Boston Beer (NYSE:SAM - Get Rating) last posted its earnings results on Thursday, July 21st. The company reported $4.31 earnings per share 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 company posted $4.72 earnings per share. On average, sell-side analysts predict that Boston Beer will post 8.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SAM shares. The Goldman Sachs Group reduced their price objective on Boston Beer from $318.00 to $258.00 and set a "sell" rating for the company in a research note on Wednesday, August 3rd. MKM Partners reduced their target price on Boston Beer from $334.00 to $279.00 and set a "neutral" rating for the company in a research report on Friday, July 22nd. Deutsche Bank Aktiengesellschaft cut their price objective on Boston Beer from $337.00 to $296.00 and set a "hold" rating for the company in a report on Wednesday, July 13th. Jefferies Financial Group cut their price objective on Boston Beer from $384.00 to $341.00 in a report on Thursday, July 21st. Finally, Sanford C. Bernstein lowered their target price on Boston Beer to $320.00 in a research note on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price 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 dated Friday, July 1st. The shares were sold at an average price of $304.97, for a total transaction of $129,612.25. Following the transaction, the vice president now directly owns 1,611 shares in the company, valued at $491,306.67. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Boston Beer news, VP David L. Grinnell sold 425 shares of the company's stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $304.97, for a total value of $129,612.25. Following the sale, the vice president now owns 1,611 shares of the company's stock, valued at $491,306.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Carolyn L. O'boyle sold 251 shares of the company's stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $381.73, for a total transaction of $95,814.23. Following the completion of the sale, the insider now directly owns 2,593 shares in the company, valued at approximately $989,825.89. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,526 shares of company stock worth $533,607. 23.30% of the stock is owned by company insiders.