Q3 2017 EPS Estimates for Boston Beer Company, Inc. (The) Raised by Jefferies Group (SAM)

Boston Beer Company, Inc. (The) (NYSE:SAM) – Equities researchers at Jefferies Group lifted their Q3 2017 earnings estimates for Boston Beer Company, Inc. (The) in a research note issued to investors on Thursday. Jefferies Group analyst K. Grundy now expects that the company will post earnings of $2.13 per share for the quarter, up from their prior estimate of $2.09. Jefferies Group has a “Hold” rating and a $129.00 price target on the stock. Jefferies Group also issued estimates for Boston Beer Company, Inc. (The)’s Q4 2017 earnings at $1.12 EPS.

Boston Beer Company, Inc. (The) (NYSE:SAM) last posted its quarterly earnings data on Thursday, July 27th. The company reported $2.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.89. Boston Beer Company, Inc. (The) had a net margin of 9.65% and a return on equity of 20.19%. The business had revenue of $247.90 million during the quarter, compared to analysts’ expectations of $222.74 million. During the same quarter in the prior year, the business posted $2.06 earnings per share. Boston Beer Company, Inc. (The)’s revenue was up 1.3% compared to the same quarter last year.

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A number of other research analysts have also weighed in on SAM. Susquehanna Bancshares Inc set a $154.00 target price on Boston Beer Company, Inc. (The) and gave the company a “hold” rating in a report on Monday, April 17th. Zacks Investment Research raised Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $158.00 target price on shares of Boston Beer Company, Inc. (The) in a report on Wednesday, April 26th. UBS AG raised Boston Beer Company, Inc. (The) from a “neutral” rating to a “positive” rating in a report on Friday, April 28th. Finally, Cowen and Company reaffirmed an “underperform” rating and set a $126.00 target price on shares of Boston Beer Company, Inc. (The) in a report on Monday, June 12th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $142.13.

Shares of Boston Beer Company, Inc. (NYSE:SAM) opened at 156.80 on Monday. Boston Beer Company, Inc. has a 52-week low of $128.70 and a 52-week high of $194.98. The company’s 50-day moving average is $134.03 and its 200 day moving average is $145.23. The company has a market cap of $1.88 billion, a PE ratio of 22.31 and a beta of 0.51.

In related news, VP David L. Grinnell sold 372 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $143.06, for a total value of $53,218.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Burwick sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $144.00, for a total value of $720,000.00. Following the completion of the sale, the director now owns 6,094 shares of the company’s stock, valued at approximately $877,536. The disclosure for this sale can be found here. Insiders own 28.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in SAM. Victory Capital Management Inc. boosted its position in shares of Boston Beer Company, Inc. (The) by 85.6% in the first quarter. Victory Capital Management Inc. now owns 826 shares of the company’s stock worth $119,000 after buying an additional 381 shares during the period. Horan Capital Management bought a new position in shares of Boston Beer Company, Inc. (The) during the first quarter worth approximately $145,000. IFP Advisors Inc boosted its position in shares of Boston Beer Company, Inc. (The) by 81.7% in the first quarter. IFP Advisors Inc now owns 1,070 shares of the company’s stock worth $155,000 after buying an additional 481 shares during the period. Advantus Capital Management Inc boosted its position in shares of Boston Beer Company, Inc. (The) by 8.8% in the first quarter. Advantus Capital Management Inc now owns 1,230 shares of the company’s stock worth $178,000 after buying an additional 100 shares during the period. Finally, Acrospire Investment Management LLC boosted its position in shares of Boston Beer Company, Inc. (The) by 333.3% in the first quarter. Acrospire Investment Management LLC now owns 1,300 shares of the company’s stock worth $188,000 after buying an additional 1,000 shares during the period. Institutional investors own 70.90% of the company’s stock.

Boston Beer Company, Inc. (The) Company Profile

The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.

Earnings History and Estimates for Boston Beer Company, Inc. (The) (NYSE:SAM)

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