News headlines about Boston Beer (NYSE:SAM) have been trending positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Boston Beer earned a daily sentiment score of 0.28 on Accern’s scale. Accern also gave news stories about the company an impact score of 44.8631085314798 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Shooting From The Hip: Quant Update on The Boston Beer Company, Inc. (NYSE:SAM) as Price Index Touches 1.46227 – Clawson News (clawsonnews.com)
- Bye, Bud: Samuel Adams is Now the Official Beer of the Red Sox (vinepair.com)
- Market Volatility is Not a Concern: Buy 5 Low-Beta Stocks – Nasdaq (nasdaq.com)
- Boston Beer (SAM) Upgraded to Hold at Berenberg Bank (americanbankingnews.com)
Several equities analysts recently issued reports on the stock. Berenberg Bank upgraded shares of Boston Beer from a “sell” rating to a “hold” rating in a report on Monday, December 18th. Stifel Nicolaus started coverage on shares of Boston Beer in a research note on Tuesday, December 5th. They issued a “hold” rating and a $166.00 price target for the company. Susquehanna Bancshares downgraded shares of Boston Beer from a “positive” rating to a “neutral” rating and decreased their price target for the company from $216.00 to $183.00 in a research note on Monday, November 13th. UBS Group downgraded shares of Boston Beer from a “positive” rating to a “neutral” rating in a research note on Monday, November 13th. Finally, TheStreet raised shares of Boston Beer from a “c+” rating to a “b-” rating in a research note on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $151.27.
Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Thursday, October 26th. The company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.79. The firm had revenue of $247.04 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.48 earnings per share. equities research analysts expect that Boston Beer will post 6.22 earnings per share for the current year.
In other Boston Beer news, CMO Jonathan N. Potter sold 439 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $171.90, for a total value of $75,464.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David L. Grinnell sold 1,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $186.75, for a total transaction of $186,750.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,210 shares of company stock valued at $395,983. 31.30% of the stock is currently owned by insiders.
About Boston Beer
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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