Boston Beer (SAM) Sets New 52-Week High at $183.50

Boston Beer Company, Inc. (The) (NYSE:SAM) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $183.50 and last traded at $179.85, with a volume of 107200 shares changing hands. The stock had previously closed at $178.50.

Several equities research analysts recently issued reports on SAM shares. Credit Suisse Group raised shares of Boston Beer from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $140.00 to $150.00 in a research note on Tuesday, September 26th. Macquarie started coverage on shares of Boston Beer in a research note on Thursday, September 14th. They issued an “underperform” rating and a $140.00 price objective for the company. TheStreet raised shares of Boston Beer from a “c+” rating to a “b-” rating in a research note on Thursday, November 2nd. Susquehanna Bancshares lowered shares of Boston Beer from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $216.00 to $183.00 in a research note on Monday, November 13th. Finally, UBS lowered shares of Boston Beer from a “positive” rating to a “neutral” rating in a research note on Monday, November 13th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $149.80.

The company has a market capitalization of $2,140.00, a PE ratio of 24.54, a price-to-earnings-growth ratio of 5.92 and a beta of 0.57.

Boston Beer (NYSE:SAM) last released its earnings results on Thursday, October 26th. The company reported $2.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.79. The firm had revenue of $247.04 million during the quarter, compared to analyst estimates of $256.73 million. Boston Beer had a net margin of 9.97% and a return on equity of 21.11%. The business’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.48 EPS. equities research analysts expect that Boston Beer Company, Inc. will post 6.08 EPS for the current fiscal year.

In other Boston Beer news, insider Jonathan N. Potter sold 771 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $173.50, for a total transaction of $133,768.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 31.30% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Boston Beer by 0.5% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 1,612 shares of the company’s stock worth $276,000 after purchasing an additional 8 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Boston Beer by 2.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,312 shares of the company’s stock worth $306,000 after purchasing an additional 60 shares during the period. Nationwide Fund Advisors increased its holdings in shares of Boston Beer by 0.3% during the 2nd quarter. Nationwide Fund Advisors now owns 20,811 shares of the company’s stock worth $2,750,000 after purchasing an additional 67 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of Boston Beer by 5.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock worth $208,000 after purchasing an additional 76 shares during the period. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Boston Beer by 5.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,860 shares of the company’s stock worth $246,000 after purchasing an additional 100 shares during the period. Institutional investors own 76.03% of the company’s stock.

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Boston Beer 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.

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