Boston Beer Company Inc (NYSE:SAM) Director Cynthia A. Fisher sold 681 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $565.00, for a total transaction of $384,765.00. Following the transaction, the director now owns 400 shares in the company, valued at $226,000. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Boston Beer stock opened at $547.63 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.80 and a debt-to-equity ratio of 0.13. The firm has a market cap of $6.87 billion, a P/E ratio of 63.53 and a beta of 0.85. The business has a fifty day moving average of $527.86 and a two-hundred day moving average of $420.82. Boston Beer Company Inc has a twelve month low of $290.02 and a twelve month high of $587.84.
Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.92 by ($0.32). Boston Beer had a return on equity of 15.05% and a net margin of 7.74%. The company had revenue of $330.60 million for the quarter, compared to analysts’ expectations of $346.70 million. During the same quarter last year, the company earned $1.87 earnings per share. The company’s revenue for the quarter was up 31.2% compared to the same quarter last year. Equities analysts expect that Boston Beer Company Inc will post 9.98 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC bought a new stake in shares of Boston Beer in the 4th quarter valued at about $27,000. Tower Research Capital LLC TRC lifted its position in Boston Beer by 84.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 157 shares of the company’s stock valued at $59,000 after acquiring an additional 72 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Boston Beer in the first quarter valued at approximately $59,000. NEXT Financial Group Inc grew its holdings in Boston Beer by 14.8% in the first quarter. NEXT Financial Group Inc now owns 217 shares of the company’s stock worth $80,000 after purchasing an additional 28 shares during the last quarter. Finally, Sandy Spring Bank grew its holdings in Boston Beer by 681.8% in the first quarter. Sandy Spring Bank now owns 258 shares of the company’s stock worth $95,000 after purchasing an additional 225 shares during the last quarter. 72.34% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports on the stock. Credit Suisse Group downgraded shares of Boston Beer from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $537.70 to $505.00 in a research note on Thursday, May 28th. They noted that the move was a valuation call. MKM Partners lowered Boston Beer from a “buy” rating to a “neutral” rating and raised their price target for the stock from $351.00 to $371.00 in a research note on Thursday, April 16th. Guggenheim upped their price objective on Boston Beer from $549.00 to $609.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Zacks Investment Research upgraded Boston Beer from a “sell” rating to a “hold” rating and set a $505.00 target price on the stock in a research note on Tuesday, May 12th. Finally, Deutsche Bank upped their price target on shares of Boston Beer from $409.00 to $481.00 and gave the stock a “hold” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Boston Beer presently has an average rating of “Buy” and an average price target of $477.15.
About Boston Beer
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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