Boston Beer Company, Inc. (The) (SAM) Upgraded at TheStreet

TheStreet upgraded shares of Boston Beer Company, Inc. (The) (NYSE:SAM) from a c+ rating to a b- rating in a report released on Thursday.

SAM has been the topic of a number of other research reports. Jefferies Group LLC reissued a hold rating on shares of Boston Beer Company, Inc. (The) in a research report on Thursday, September 7th. BidaskClub raised shares of Boston Beer Company, Inc. (The) from a sell rating to a hold rating in a research report on Monday, July 24th. Susquehanna Bancshares Inc reissued a positive rating and set a $175.00 target price (down previously from $179.00) on shares of Boston Beer Company, Inc. (The) in a research report on Friday, July 21st. Zacks Investment Research downgraded shares of Boston Beer Company, Inc. (The) from a strong-buy rating to a hold rating in a research report on Monday, October 16th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Boston Beer Company, Inc. (The) from a neutral rating to a sell rating and cut their target price for the company from $140.00 to $110.00 in a research report on Monday, July 24th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $149.00.

Shares of Boston Beer Company, Inc. (NYSE SAM) traded down $0.55 on Thursday, reaching $172.95. 95,890 shares of the company were exchanged, compared to its average volume of 211,002. Boston Beer Company, Inc. has a one year low of $128.70 and a one year high of $181.20. The company has a market cap of $2,040.36, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 5.71 and a beta of 0.57.

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

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In other news, CMO Jonathan N. Potter sold 439 shares of Boston Beer Company, Inc. (The) stock in a transaction that occurred on 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 SEC, which is accessible through this hyperlink. 28.50% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its position in Boston Beer Company, Inc. (The) by 12,367.2% during the 1st quarter. BlackRock Inc. now owns 1,128,029 shares of the company’s stock worth $163,169,000 after purchasing an additional 1,118,981 shares during the last quarter. Morgan Stanley grew its position in Boston Beer Company, Inc. (The) by 132.1% during the 1st quarter. Morgan Stanley now owns 120,618 shares of the company’s stock worth $17,447,000 after purchasing an additional 68,642 shares during the last quarter. Prudential Financial Inc. grew its position in Boston Beer Company, Inc. (The) by 104.8% during the 3rd quarter. Prudential Financial Inc. now owns 132,762 shares of the company’s stock worth $20,738,000 after purchasing an additional 67,940 shares during the last quarter. Ameriprise Financial Inc. grew its position in Boston Beer Company, Inc. (The) by 147.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 81,738 shares of the company’s stock worth $10,801,000 after purchasing an additional 48,757 shares during the last quarter. Finally, Arlington Value Capital LLC purchased a new stake in Boston Beer Company, Inc. (The) during the 2nd quarter worth approximately $6,311,000. 71.39% of the stock is currently owned by hedge funds and other institutional investors.

About Boston Beer Company, Inc. (The)

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.

Analyst Recommendations for Boston Beer Company, Inc. (The) (NYSE:SAM)

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