Boston Beer (NYSE:SAM) Sets New 1-Year High at $613.20

Boston Beer Company Inc (NYSE:SAM) shares hit a new 52-week high on Tuesday . The stock traded as high as $613.20 and last traded at $607.33, with a volume of 5252 shares. The stock had previously closed at $589.64.

Several brokerages recently weighed in on SAM. Guggenheim lifted their price objective on Boston Beer from $549.00 to $609.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Zacks Investment Research raised Boston Beer from a “sell” rating to a “hold” rating and set a $505.00 target price for the company in a report on Tuesday, May 12th. Goldman Sachs Group reaffirmed a “buy” rating and set a $415.00 target price on shares of Boston Beer in a report on Wednesday, April 1st. MKM Partners lowered Boston Beer from a “buy” rating to a “neutral” rating and lifted their target price for the company from $351.00 to $371.00 in a report on Thursday, April 16th. Finally, Credit Suisse Group lowered Boston Beer from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $537.70 to $505.00 in a report on Thursday, May 28th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Boston Beer currently has an average rating of “Buy” and a consensus target price of $477.15.

The stock has a market cap of $7.18 billion, a P/E ratio of 69.48 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.13 and a current ratio of 1.80. The stock has a 50-day moving average price of $548.37 and a 200-day moving average price of $435.04.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $1.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.92 by ($0.32). The business had revenue of $330.60 million for the quarter, compared to the consensus estimate of $346.70 million. Boston Beer had a net margin of 7.74% and a return on equity of 15.05%. The business’s revenue was up 31.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.87 EPS. Sell-side analysts forecast that Boston Beer Company Inc will post 9.98 earnings per share for the current fiscal year.

In other Boston Beer news, VP David L. Grinnell sold 947 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $425.00, for a total value of $402,475.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cynthia A. Fisher sold 240 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $570.00, for a total value of $136,800.00. Following the completion of the sale, the director now owns 400 shares of the company’s stock, valued at approximately $228,000. The disclosure for this sale can be found here. Insiders sold a total of 107,195 shares of company stock valued at $51,507,157 in the last 90 days. 29.10% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Orion Portfolio Solutions LLC bought a new stake in Boston Beer in the fourth quarter valued at approximately $27,000. Marshall Wace North America L.P. bought a new stake in Boston Beer in the first quarter valued at approximately $59,000. NEXT Financial Group Inc lifted its position in Boston Beer by 14.8% in the first quarter. NEXT Financial Group Inc now owns 217 shares of the company’s stock valued at $80,000 after purchasing an additional 28 shares during the last quarter. Sandy Spring Bank lifted its position in Boston Beer by 681.8% in the first quarter. Sandy Spring Bank now owns 258 shares of the company’s stock valued at $95,000 after purchasing an additional 225 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Boston Beer by 149.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,190 shares of the company’s stock valued at $170,000 after buying an additional 712 shares during the period. Hedge funds and other institutional investors own 72.33% of the company’s stock.

Boston Beer Company Profile (NYSE:SAM)

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.

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