Shares of The Boston Beer Company, Inc. (NYSE:SAM - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $271.33, but opened at $279.61. Boston Beer shares last traded at $274.00, with a volume of 6,441 shares traded.
Several research analysts have recently commented on the stock. Royal Bank of Canada lowered their target price on shares of Boston Beer from $332.00 to $318.00 and set a "sector perform" rating on the stock in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Boston Beer from $273.00 to $283.00 and gave the stock a "hold" rating in a research note on Wednesday, July 17th. StockNews.com downgraded Boston Beer from a "buy" rating to a "hold" rating in a research note on Wednesday, June 12th. Roth Mkm decreased their price objective on Boston Beer from $395.00 to $389.00 and set a "buy" rating for the company in a report on Friday, July 26th. Finally, Piper Sandler lowered their price target on shares of Boston Beer from $344.00 to $325.00 and set an "overweight" rating for the company in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Boston Beer presently has a consensus rating of "Hold" and an average target price of $326.92.
Get Our Latest Stock Report on Boston Beer
The business has a 50 day moving average of $276.03 and a two-hundred day moving average of $283.54. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 34.06, a P/E/G ratio of 1.16 and a beta of 1.06.
Boston Beer (NYSE:SAM - Get Free Report) last posted its earnings results on Thursday, July 25th. The company reported $4.39 earnings per share for the quarter, missing analysts' consensus estimates of $4.99 by ($0.60). The company had revenue of $579.10 million during the quarter, compared to the consensus estimate of $597.33 million. Boston Beer had a net margin of 4.39% and a return on equity of 9.69%. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.72 EPS. On average, equities analysts predict that The Boston Beer Company, Inc. will post 9.65 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SAM. LRI Investments LLC purchased a new position in Boston Beer in the first quarter valued at about $28,000. Quarry LP bought a new position in shares of Boston Beer in the fourth quarter worth approximately $42,000. ORG Partners LLC bought a new position in shares of Boston Beer in the 2nd quarter worth $48,000. Sachetta LLC increased its stake in Boston Beer by 1,533.3% in the second quarter. Sachetta LLC now owns 245 shares of the company's stock valued at $68,000 after acquiring an additional 230 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Boston Beer by 61.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 250 shares of the company's stock valued at $75,000 after buying an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 81.13% of the company's stock.
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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