Boston Beer (SAM) Set to Announce Earnings on Tuesday

Boston Beer (NYSE:SAMGet Free Report) will be releasing its earnings data on Tuesday, February 13th.

Boston Beer Price Performance

Boston Beer stock opened at $350.27 on Monday. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 51.82, a price-to-earnings-growth ratio of 1.04 and a beta of 1.09. Boston Beer has a 1 year low of $296.27 and a 1 year high of $396.20. The firm has a 50-day moving average of $350.56 and a two-hundred day moving average of $356.04.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Boston Beer in a report on Monday, November 13th. They issued a “hold” rating and a $375.00 price target for the company. Wedbush boosted their price target on shares of Boston Beer from $370.00 to $378.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Roth Mkm boosted their price target on shares of Boston Beer from $406.00 to $422.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. UBS Group reduced their price objective on shares of Boston Beer from $408.00 to $390.00 and set a “neutral” rating for the company in a research note on Friday, October 27th. Finally, Morgan Stanley boosted their price objective on shares of Boston Beer from $270.00 to $285.00 and gave the stock an “underweight” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $350.31.

Read Our Latest Research Report on SAM

Insider Transactions at Boston Beer

In other news, insider Carolyn L. O’boyle sold 102 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $344.83, for a total value of $35,172.66. Following the sale, the insider now owns 2,732 shares in the company, valued at $942,075.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 306 shares of company stock worth $107,146 over the last 90 days. 23.50% of the stock is currently owned by company insiders.

Institutional Trading of Boston Beer

A number of hedge funds and other institutional investors have recently made changes to their positions in SAM. Captrust Financial Advisors acquired a new stake in Boston Beer during the fourth quarter valued at $210,000. HighTower Advisors LLC acquired a new stake in Boston Beer during the third quarter valued at $209,000. Cetera Investment Advisers acquired a new stake in Boston Beer during the fourth quarter valued at $201,000. Northwestern Mutual Wealth Management Co. grew its position in Boston Beer by 9.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 450 shares of the company’s stock valued at $148,000 after buying an additional 38 shares during the period. Finally, Point72 Middle East FZE acquired a new stake in Boston Beer during the fourth quarter valued at $126,000. Institutional investors and hedge funds own 64.10% of the company’s stock.

Boston Beer Company Profile

(Get Free Report)

The Boston Beer Company, Inc engages in the production and sale of alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, and Havana Lager brand names.

Further Reading

Earnings History for Boston Beer (NYSE:SAM)

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