Boston Beer Company, Inc. (The) (NYSE:SAM) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Boston Beer has considerably underperformed the Zacks categorized industry in the past six months mainly due to soft depletion trends throughout 2016. This softness is mainly due to weakness in the Samuel Adams brand; soft craft beer and cider categories, alongside a troubled retail backdrop. Also, gross margins have been weak owing to adverse package and product mix. Further, the company remains uncertain about volumes in 2017, based on the ongoing depletion trends. Nevertheless, the company’s efforts to revive its Samuel Adams and Angry Orchard brands, alongside accelerated focus on cost savings and efficiency projects, show promise. We believe the company’s practice of acquiring assets to expand geographically will aid it to gain significant market share. Moreover, the company’s brand-building efforts and initiatives to add new products remain key revenue drivers. Estimates have dropped ahead of the second quarter earnings.”

SAM has been the topic of a number of other research reports. BidaskClub lowered shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “strong sell” rating in a report on Friday, June 16th. Jefferies Group LLC reiterated a “hold” rating and issued a $129.00 price objective on shares of Boston Beer Company, Inc. (The) in a report on Wednesday, May 31st. Susquehanna Bancshares Inc reissued a “positive” rating on shares of Boston Beer Company, Inc. (The) in a research report on Monday, May 8th. Cowen and Company reissued an “underperform” rating and issued a $126.00 target price on shares of Boston Beer Company, Inc. (The) in a research report on Monday, June 12th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $158.00 target price on shares of Boston Beer Company, Inc. (The) in a research report on Wednesday, April 26th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $151.25.

Shares of Boston Beer Company, Inc. (SAM) traded up 1.044% on Monday, hitting $133.125. The stock had a trading volume of 39,391 shares. Boston Beer Company, Inc. has a one year low of $128.70 and a one year high of $195.35. The stock has a market cap of $1.63 billion, a PE ratio of 19.678 and a beta of 0.51. The company’s 50 day moving average is $138.68 and its 200 day moving average is $150.46.

Boston Beer Company, Inc. (The) (NYSE:SAM) last issued its quarterly earnings data on Wednesday, April 26th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.19. Boston Beer Company, Inc. (The) had a net margin of 9.42% and a return on equity of 19.73%. The firm had revenue of $161.70 million for the quarter, compared to analyst estimates of $170.33 million. During the same quarter in the previous year, the business posted $0.53 EPS. The firm’s revenue was down 14.4% compared to the same quarter last year. Equities research analysts predict that Boston Beer Company, Inc. will post $5.46 EPS for the current fiscal year.

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In other Boston Beer Company, Inc. (The) news, VP David L. Grinnell sold 372 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $143.06, for a total transaction of $53,218.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman C James Koch sold 7,500 shares of the business’s stock in a transaction dated Thursday, April 13th. The shares were sold at an average price of $138.65, for a total transaction of $1,039,875.00. Following the transaction, the chairman now directly owns 77,200 shares of the company’s stock, valued at $10,703,780. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,872 shares of company stock valued at $10,199,443. Insiders own 31.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of SAM. Victory Capital Management Inc. raised its stake in shares of Boston Beer Company, Inc. (The) by 85.6% in the first quarter. Victory Capital Management Inc. now owns 826 shares of the company’s stock worth $119,000 after buying an additional 381 shares in the last quarter. Credit Agricole S A bought a new stake in shares of Boston Beer Company, Inc. (The) during the fourth quarter worth $126,000. Horan Capital Management bought a new stake in shares of Boston Beer Company, Inc. (The) during the first quarter worth $145,000. IFP Advisors Inc raised its stake in shares of Boston Beer Company, Inc. (The) by 81.7% in the first quarter. IFP Advisors Inc now owns 1,070 shares of the company’s stock worth $155,000 after buying an additional 481 shares in the last quarter. Finally, Advantus Capital Management Inc raised its stake in shares of Boston Beer Company, Inc. (The) by 8.8% in the first quarter. Advantus Capital Management Inc now owns 1,230 shares of the company’s stock worth $178,000 after buying an additional 100 shares in the last quarter. 71.29% of the stock is owned by hedge funds and other institutional investors.

Boston Beer Company, Inc. (The) Company Profile

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

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