A number of firms have modified their ratings and price targets on shares of Boston Beer Company, Inc. (The) (NYSE: SAM) recently:

  • 8/3/2017 – Boston Beer Company, Inc. (The) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/24/2017 – Boston Beer Company, Inc. (The) was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “sell” rating. They now have a $110.00 price target on the stock, down previously from $140.00.
  • 7/24/2017 – Boston Beer Company, Inc. (The) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/21/2017 – Boston Beer Company, Inc. (The) had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $175.00 price target on the stock, down previously from $179.00.
  • 7/17/2017 – Boston Beer Company, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $148.00 price target on the stock. According to Zacks, “We remain encouraged by Boston Beer’s three point growth plan which focuses on revival of Samuel Adams and Angry Orchard brands, cost saving initiatives and long-term innovation. Further, the company’s focus on pricing, product innovation and brand development are likely to boost operational performance and its market position.  Its practice of acquiring assets to expand geographically, along with brand-building efforts and initiatives to add new products remain key revenue drivers. The company is keen on reviving the Samuel Adams and Angry Orchard brands through packaging, innovation, promotion and brand communication initiatives. Moreover, its cost savings plans are likely to boost gross margin by 1% every year over the next three years. However, Boston Beer has underperformed the broader industry in the past six months due to soft depletion trends that stemmed from weakness in Samuel Adams, soft craft beer and cider categories.”
  • 7/14/2017 – Boston Beer Company, Inc. (The) had its “sell” rating reaffirmed by analysts at Cowen and Company. They now have a $126.00 price target on the stock.
  • 7/10/2017 – Boston Beer Company, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. 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.”
  • 6/30/2017 – Boston Beer Company, Inc. (The) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/30/2017 – Boston Beer Company, Inc. (The) had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $158.00 price target on the stock.
  • 6/16/2017 – Boston Beer Company, Inc. (The) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/12/2017 – Boston Beer Company, Inc. (The) had its “underperform” rating reaffirmed by analysts at Cowen and Company. They now have a $126.00 price target on the stock.

Boston Beer Company, Inc. (NYSE:SAM) traded up 1.55% during mid-day trading on Monday, reaching $150.75. The company’s stock had a trading volume of 174,431 shares. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 21.45 and a beta of 0.55. Boston Beer Company, Inc. has a 1-year low of $128.70 and a 1-year high of $194.98. The firm has a 50-day moving average of $134.67 and a 200 day moving average of $145.23.

Boston Beer Company, Inc. (The) (NYSE:SAM) last posted its quarterly earnings results on Thursday, July 27th. The company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.89. The firm had revenue of $247.90 million for the quarter, compared to analyst estimates of $222.74 million. Boston Beer Company, Inc. (The) had a return on equity of 20.19% and a net margin of 9.65%. Boston Beer Company, Inc. (The)’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.06 earnings per share. Equities analysts expect that Boston Beer Company, Inc. will post $5.78 earnings per share for the current year.

In other Boston Beer Company, Inc. (The) news, Director David A. Burwick sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $144.00, for a total value of $720,000.00. Following the transaction, the director now directly owns 6,094 shares of the company’s stock, valued at approximately $877,536. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP David L. Grinnell sold 372 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $143.06, for a total value of $53,218.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,000 shares of company stock worth $1,193,436. Insiders own 28.50% of the company’s stock.

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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