Boston Beer (NYSE:SAM) Hits New 1-Year Low at $293.36

Shares of The Boston Beer Company, Inc. (NYSE:SAMGet Free Report) hit a new 52-week low on Thursday . The stock traded as low as $293.36 and last traded at $295.95, with a volume of 34271 shares changing hands. The stock had previously closed at $298.35.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SAM shares. Morgan Stanley dropped their target price on Boston Beer from $285.00 to $275.00 and set an “underweight” rating for the company in a report on Wednesday, February 28th. Roth Mkm increased their target price on Boston Beer from $406.00 to $422.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Citigroup dropped their target price on Boston Beer from $370.00 to $350.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Sanford C. Bernstein upgraded Boston Beer from an “underperform” rating to a “market perform” rating and increased their target price for the company from $280.00 to $335.00 in a report on Tuesday, January 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $337.00 price target on shares of Boston Beer in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Boston Beer presently has a consensus rating of “Hold” and a consensus target price of $343.58.

Get Our Latest Stock Report on SAM

Boston Beer Stock Performance

The stock has a market cap of $3.55 billion, a P/E ratio of 47.60, a price-to-earnings-growth ratio of 1.08 and a beta of 1.02. The firm has a 50-day moving average price of $340.95 and a 200-day moving average price of $350.63.

Boston Beer (NYSE:SAMGet Free Report) last announced its earnings results on Tuesday, February 27th. The company reported ($1.49) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($1.27). Boston Beer had a return on equity of 8.13% and a net margin of 3.61%. The firm had revenue of $393.72 million during the quarter, compared to the consensus estimate of $413.57 million. During the same period in the prior year, the company posted ($0.93) EPS. The firm’s revenue was down 12.0% on a year-over-year basis. On average, research analysts predict that The Boston Beer Company, Inc. will post 9.9 earnings per share for the current year.

Insider Activity at Boston Beer

In related news, insider Carolyn L. O’boyle sold 102 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $350.72, for a total transaction of $35,773.44. Following the completion of the transaction, the insider now owns 2,630 shares of the company’s stock, valued at approximately $922,393.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 23.30% of the stock is owned by corporate insiders.

Institutional Trading of Boston Beer

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Boston Beer by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 918,502 shares of the company’s stock valued at $317,425,000 after purchasing an additional 21,060 shares during the last quarter. Virtu Financial LLC purchased a new stake in Boston Beer during the 4th quarter valued at $628,000. Teachers Retirement System of The State of Kentucky boosted its stake in Boston Beer by 4.1% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 6,894 shares of the company’s stock valued at $2,382,000 after purchasing an additional 271 shares during the last quarter. American Trust purchased a new position in shares of Boston Beer in the 4th quarter worth $255,000. Finally, Quarry LP purchased a new position in shares of Boston Beer in the 4th quarter worth $42,000. 64.10% of the stock is currently owned by hedge funds and other institutional investors.

Boston Beer Company Profile

(Get Free Report)

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, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.

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