Boston Beer Company, Inc. (The) (NYSE:SAM) – Equities researchers at Jefferies Group raised their FY2018 EPS estimates for shares of Boston Beer Company, Inc. (The) in a research report issued to clients and investors on Thursday. Jefferies Group analyst K. Grundy now anticipates that the company will post earnings of $4.92 per share for the year, up from their previous estimate of $4.91. Jefferies Group currently has a “Hold” rating and a $129.00 target price on the stock. Jefferies Group also issued estimates for Boston Beer Company, Inc. (The)’s FY2019 earnings at $5.17 EPS.

A number of other brokerages have also recently commented on SAM. Susquehanna Bancshares Inc reiterated a “positive” rating on shares of Boston Beer Company, Inc. (The) in a research report on Monday, May 8th. Royal Bank of Canada reiterated 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. Zacks Investment Research upgraded shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, April 25th. Cowen and Company reiterated 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, BidaskClub cut shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “strong sell” rating in a research report on Friday, June 16th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $151.25.

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Boston Beer Company, Inc. (NYSE:SAM) opened at 131.75 on Monday. The stock has a market capitalization of $1.62 billion, a PE ratio of 19.48 and a beta of 0.51. Boston Beer Company, Inc. has a 52 week low of $128.70 and a 52 week high of $195.35. The firm has a 50 day moving average of $138.68 and a 200-day moving average of $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 business had revenue of $161.70 million during the quarter, compared to analysts’ expectations of $170.33 million. During the same period last year, the company posted $0.53 EPS. The business’s revenue was down 14.4% on a year-over-year basis.

Several large investors have recently made changes to their positions in SAM. BlackRock Inc. raised its stake in shares of Boston Beer Company, Inc. (The) by 12,367.2% in the first quarter. BlackRock Inc. now owns 1,128,029 shares of the company’s stock worth $163,169,000 after buying an additional 1,118,981 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Boston Beer Company, Inc. (The) by 5.5% in the first quarter. Vanguard Group Inc. now owns 734,000 shares of the company’s stock worth $106,173,000 after buying an additional 38,583 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Boston Beer Company, Inc. (The) by 18.5% in the first quarter. Bank of New York Mellon Corp now owns 410,646 shares of the company’s stock worth $59,400,000 after buying an additional 64,189 shares in the last quarter. Champlain Investment Partners LLC raised its stake in shares of Boston Beer Company, Inc. (The) by 14.6% in the first quarter. Champlain Investment Partners LLC now owns 344,835 shares of the company’s stock worth $49,880,000 after buying an additional 44,013 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Boston Beer Company, Inc. (The) by 4.0% in the first quarter. State Street Corp now owns 282,211 shares of the company’s stock worth $40,821,000 after buying an additional 10,908 shares in the last quarter. 71.29% of the stock is owned by hedge funds and other institutional investors.

In related news, Chairman C James Koch sold 7,500 shares of the company’s stock in a transaction dated Tuesday, April 11th. The shares were sold at an average price of $140.71, for a total value of $1,055,325.00. Following the completion of the sale, the chairman now owns 88,605 shares of the company’s stock, valued at $12,467,609.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Burwick sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $144.00, for a total transaction of $720,000.00. Following the completion of the sale, the director now directly owns 6,094 shares of the company’s stock, valued at approximately $877,536. The disclosure for this sale can be found here. Insiders sold 72,872 shares of company stock valued at $10,199,443 over the last quarter. Company insiders own 31.30% of the company’s stock.

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.

Earnings History and Estimates for Boston Beer Company, Inc. (The) (NYSE:SAM)

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