Boston Beer (SAM) to Release Earnings on Tuesday

Boston Beer (NYSE:SAM) will post its quarterly earnings results after the market closes on Tuesday, February 20th. Analysts expect Boston Beer to post earnings of $0.82 per share for the quarter.

Boston Beer (SAM) opened at $188.50 on Tuesday. The stock has a market capitalization of $2,220.00, a PE ratio of 25.72, a PEG ratio of 5.18 and a beta of 0.53. Boston Beer has a fifty-two week low of $128.70 and a fifty-two week high of $197.05.

In other Boston Beer news, VP David L. Grinnell sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $195.00, for a total transaction of $195,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Martin F. Roper sold 773 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $190.62, for a total value of $147,349.26. Following the sale, the insider now owns 33,046 shares of the company’s stock, valued at $6,299,228.52. The disclosure for this sale can be found here. Insiders sold a total of 105,983 shares of company stock valued at $20,072,674 in the last ninety days. 28.50% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on the company. Macquarie raised Boston Beer from an “underperform” rating to a “neutral” rating and set a $140.00 price objective for the company in a report on Thursday, February 8th. BMO Capital Markets began coverage on Boston Beer in a report on Monday, February 5th. They issued a “market perform” rating and a $180.00 price target for the company. Zacks Investment Research raised Boston Beer from a “hold” rating to a “strong-buy” rating and set a $221.00 price target for the company in a report on Thursday, January 11th. Jefferies Group reaffirmed a “hold” rating and issued a $175.00 price target on shares of Boston Beer in a report on Thursday, January 4th. Finally, Berenberg Bank raised Boston Beer from a “sell” rating to a “hold” rating in a report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $160.33.

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Boston Beer 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.

Earnings History for Boston Beer (NYSE:SAM)

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