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 analysts have issued reports on the company. Cowen lowered 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. UBS Group lowered Boston Beer from a "buy" rating to a "neutral" rating and lowered their target price for the company from $600.00 to $328.00 in a report on Tuesday, June 21st. Sanford C. Bernstein lowered their target price on Boston Beer to $320.00 in a report on Friday, July 22nd. StockNews.com raised Boston Beer from a "sell" rating to a "hold" rating in a report on Monday, July 25th. Finally, Redburn Partners assumed coverage on Boston Beer in a report on Wednesday, July 13th. They issued a "sell" rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $383.29.

Boston Beer Price Performance

Shares of Boston Beer stock traded down $16.73 during midday trading on Friday, hitting $364.76. 2,469 shares of the company were exchanged, compared to its average volume of 187,889. Boston Beer has a 52 week low of $287.00 and a 52 week high of $611.89. The firm has a 50 day simple moving average of $339.52 and a 200-day simple moving average of $362.52.

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 period in the prior year, the company posted $4.72 EPS. On average, sell-side analysts forecast that Boston Beer will post 8.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Carolyn L. O'boyle sold 251 shares of the firm's stock in a transaction that occurred on 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 owns 2,593 shares in the company, valued at approximately $989,825.89. The transaction was disclosed in a 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 on Monday, June 6th. The stock was sold at an average price of $345.21, for a total value of $146,714.25. Following the completion of the transaction, the vice president now owns 1,611 shares in the company, valued at approximately $556,133.31. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Carolyn L. O'boyle sold 251 shares of Boston Beer 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 owns 2,593 shares of the company's stock, valued at approximately $989,825.89. The disclosure for this sale can be found here. Insiders sold 1,526 shares of company stock worth $533,607 in the last 90 days. 23.30% of the stock is owned by company insiders.