Other equities analysts also recently issued research reports about the stock. Jefferies Group restated a hold rating and set a $151.00 price objective (up previously from $145.00) on shares of Boston Beer in a research report on Monday, July 25th. Zacks Investment Research upgraded shares of Boston Beer from a strong sell rating to a hold rating in a research report on Tuesday, June 28th. William Blair initiated coverage on shares of Boston Beer in a research report on Wednesday, September 21st. They set an outperform rating for the company. Berenberg Bank downgraded shares of Boston Beer from a hold rating to a sell rating and set a $135.00 price objective for the company. in a research report on Friday, October 14th. Finally, Cowen and Company restated an underperform rating and set a $135.00 price objective (up previously from $128.00) on shares of Boston Beer in a research report on Wednesday, October 12th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $174.09.
Boston Beer (NYSE:SAM) remained flat at $158.10 during trading on Tuesday. The stock had a trading volume of 40,763 shares. Boston Beer has a one year low of $145.33 and a one year high of $260.51. The firm has a market cap of $1.95 billion, a PE ratio of 23.67 and a beta of 0.64. The company has a 50-day moving average price of $162.91 and a 200 day moving average price of $167.09.
Boston Beer (NYSE:SAM) last released its quarterly earnings results on Thursday, July 21st. The company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.94 by $0.12. Boston Beer had a net margin of 9.22% and a return on equity of 19.60%. The firm earned $244.80 million during the quarter, compared to the consensus estimate of $238.87 million. Analysts expect that Boston Beer will post $6.46 earnings per share for the current year.
In other Boston Beer news, major shareholder Tybourne Capital Management Hk sold 600 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $186.33, for a total transaction of $111,798.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Martin F. Roper sold 7,000 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $191.12, for a total transaction of $1,337,840.00. Following the sale, the insider now directly owns 12,273 shares in the company, valued at $2,345,615.76. The disclosure for this sale can be found here. 31.30% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in Boston Beer by 7.6% in the second quarter. Tower Research Capital LLC TRC now owns 965 shares of the company’s stock valued at $165,000 after buying an additional 68 shares in the last quarter. Advisor Group Inc. purchased a new stake in Boston Beer during the second quarter valued at about $199,000. Teacher Retirement System of Texas boosted its stake in Boston Beer by 12.9% in the second quarter. Teacher Retirement System of Texas now owns 1,267 shares of the company’s stock valued at $217,000 after buying an additional 145 shares in the last quarter. Diversified Trust Co purchased a new stake in Boston Beer during the second quarter valued at about $218,000. Finally, Pacad Investment Ltd. purchased a new stake in Boston Beer during the second quarter valued at about $222,000. 65.04% of the stock is currently owned by institutional investors.
About Boston Beer
The Boston Beer Company, Inc (Boston Beer) 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 international markets. The Company operates through two segments: Boston Beer Company segment and A&S Brewing Collaborative segment.
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