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 Down 0.9 %

NYSE:SAM traded down $3.24 during trading on Friday, hitting $375.87. The company had a trading volume of 106,029 shares, compared to its average volume of 212,163. Boston Beer has a one year low of $287.00 and a one year high of $697.56. The company has a market cap of $4.62 billion, a price-to-earnings ratio of -77.82 and a beta of 0.95. The company's fifty day moving average is $332.66 and its 200-day moving average is $365.34.

Boston Beer (NYSE:SAM - Get Rating) last issued its quarterly earnings data 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 business earned $4.72 earnings per share. As a group, equities analysts anticipate that Boston Beer will post 8.22 EPS for the current year.

Analyst Upgrades and Downgrades

SAM has been the subject of a number of research reports. Citigroup cut their price target on shares of Boston Beer from $424.00 to $375.00 in a research note on Sunday, April 24th. The Goldman Sachs Group cut their price target on shares of Boston Beer from $318.00 to $258.00 and set a "sell" rating for the company in a research note on Wednesday. StockNews.com raised shares of Boston Beer from a "sell" rating to a "hold" rating in a research note on Monday, July 25th. Credit Suisse Group cut their price target on shares of Boston Beer from $400.00 to $385.00 and set an "outperform" rating for the company in a research note on Friday, July 22nd. Finally, Jefferies Financial Group cut their price objective on shares of Boston Beer from $384.00 to $341.00 in a research note on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $383.29.

Insiders Place Their Bets

In other Boston Beer news, insider Carolyn L. O'boyle sold 251 shares of the company's stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $381.73, for a total value of $95,814.23. Following the completion of the transaction, the insider now directly owns 2,593 shares in the company, valued at approximately $989,825.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Boston Beer news, insider Carolyn L. O'boyle sold 251 shares of the company's stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $381.73, for a total value of $95,814.23. Following the completion of the transaction, the insider now directly owns 2,593 shares in the company, valued at approximately $989,825.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the transaction, the vice president now owns 1,611 shares of the company's stock, valued at $491,306.67. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,526 shares of company stock worth $533,607. 23.30% of the stock is currently owned by corporate insiders.