Boston Beer Co. (SAM) to Release Quarterly Earnings on Thursday
Boston Beer Co. (NYSE:SAM) is scheduled to post its quarterly earnings results after the market closes on Thursday, October 20th. Analysts expect Boston Beer to post earnings of $2.60 per share for the quarter. Boston Beer has set its FY16 guidance at $6.40-7.00 EPS.
Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, July 21st. The company reported $2.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.12. The business earned $244.80 million during the quarter, compared to the consensus estimate of $238.87 million. Boston Beer had a return on equity of 19.60% and a net margin of 9.22%. On average, analysts expect Boston Beer to post $6.46 EPS for the current fiscal year and $6.94 EPS for the next fiscal year.
Shares of Boston Beer Co. (NYSE:SAM) opened at 158.10 on Wednesday. The company has a 50-day moving average price of $162.91 and a 200-day moving average price of $167.09. Boston Beer Co. has a 12-month low of $145.33 and a 12-month high of $260.51. The firm has a market capitalization of $1.95 billion, a P/E ratio of 23.67 and a beta of 0.64.
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In related news, insider Martin F. Roper sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $166.63, for a total transaction of $1,666,300.00. Following the completion of the transaction, the insider now directly owns 42,273 shares of the company’s stock, valued at $7,043,949.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Martin F. Roper sold 7,000 shares of the firm’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $191.12, for a total transaction of $1,337,840.00. Following the transaction, the insider now directly owns 12,273 shares of the company’s stock, valued at $2,345,615.76. The disclosure for this sale can be found here. Corporate insiders own 31.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of SAM. Advisor Group Inc. bought a new position in Boston Beer during the second quarter valued at $199,000. Pacad Investment Ltd. bought a new position in Boston Beer during the second quarter valued at $222,000. Barclays PLC boosted its position in Boston Beer by 782.1% in the second quarter. Barclays PLC now owns 1,720 shares of the company’s stock valued at $295,000 after buying an additional 1,525 shares during the last quarter. Raymond James & Associates boosted its position in Boston Beer by 4.4% in the second quarter. Raymond James & Associates now owns 1,892 shares of the company’s stock valued at $324,000 after buying an additional 79 shares during the last quarter. Finally, Algert Global LLC boosted its position in shares of Boston Beer by 62.2% in the second quarter. Algert Global LLC now owns 3,632 shares of the company’s stock worth $621,000 after buying an additional 1,393 shares during the last quarter. 65.04% of the stock is owned by institutional investors.
SAM has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Boston Beer from a “hold” rating to a “sell” rating in a research report on Wednesday, October 12th. Berenberg Bank lowered shares of Boston Beer from a “hold” rating to a “sell” rating and set a $135.00 price target for the company. in a research report on Friday, October 14th. Credit Suisse Group AG initiated coverage on shares of Boston Beer in a research report on Thursday, September 15th. They set an “underperform” rating and a $156.00 price target for the company. Susquehanna restated a “hold” rating on shares of Boston Beer in a research report on Monday, August 22nd. Finally, Cowen and Company restated an “underperform” rating and set a $135.00 price target (up from $128.00) on shares of Boston Beer in a research report on Wednesday, October 12th. Five 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 stock has a consensus rating of “Hold” and a consensus price target of $174.09.
Boston Beer Company Profile
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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