Boston Beer Co. Sets New 1-Year High at $248.22 (SAM)
Boston Beer (NYSE:SAM)’s share price reached a new 52-week high during trading hours on Thursday, Stock Ratings Network.com reports. The company traded as high as $248.22 and last traded at $248.09, with a volume of 36,343 shares traded. The stock had previously closed at $245.48.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Boston Beer (NYSE:SAM) in a research note to investors on Wednesday. They now have a $233.00 price target on the stock, up previously from $180.00. Separately, analysts at Williams Capital raised their price target on shares of Boston Beer (NYSE:SAM) from $160.00 to $210.00 in a research note to investors on Friday, August 30th. They now have a “hold” rating on the stock. Finally, analysts at Zacks upgraded shares of Boston Beer (NYSE:SAM) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 19th. They now have a $215.20 price target on the stock.
Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $192.87.
Boston Beer has a 52-week low of $104.36 and a 52-week high of $249.40. The stock’s 50-day moving average is $216.8 and its 200-day moving average is $176.. The company has a market cap of $3.180 billion and a price-to-earnings ratio of 51.85.
Boston Beer (NYSE:SAM) last announced its earnings results on Wednesday, July 31st. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. The company had revenue of $181.30 million for the quarter, compared to the consensus estimate of $175.39 million. During the same quarter in the prior year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 22.9% on a year-over-year basis. Analysts expect that Boston Beer will post $5.34 EPS for the current fiscal year.
The Boston Beer Company, Inc (NYSE:SAM) is a craft brewer in the United States.
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