Boston Beer (SAM) Hits New 12-Month High and Low at $255.13

Boston Beer Company Inc (NYSE:SAM) shares reached a new 52-week high and low on Wednesday . The stock traded as low as $255.13 and last traded at $255.35, with a volume of 1165 shares traded. The stock had previously closed at $251.50.

Several research analysts have recently weighed in on the stock. ValuEngine raised shares of Boston Beer from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research raised shares of Boston Beer from a “hold” rating to a “buy” rating and set a $257.00 target price on the stock in a research report on Monday, April 30th. Macquarie lifted their target price on shares of Boston Beer from $200.00 to $225.00 and gave the stock a “neutral” rating in a research report on Thursday, April 26th. Stifel Nicolaus lifted their target price on shares of Boston Beer from $169.00 to $235.00 and gave the stock a “hold” rating in a research report on Thursday, April 26th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $210.00 target price on shares of Boston Beer in a research report on Wednesday, April 18th. Thirteen analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $189.08.

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The stock has a market cap of $2.82 billion, a P/E ratio of 42.63, a P/E/G ratio of 3.43 and a beta of 0.48.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Wednesday, April 25th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.25. Boston Beer had a net margin of 11.09% and a return on equity of 18.74%. The firm had revenue of $190.50 million for the quarter, compared to the consensus estimate of $174.87 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue was up 17.8% on a year-over-year basis. research analysts expect that Boston Beer Company Inc will post 7.37 EPS for the current fiscal year.

In other Boston Beer news, VP David L. Grinnell sold 1,000 shares of Boston Beer stock in a transaction that occurred on Thursday, April 26th. The shares were sold at an average price of $235.00, for a total value of $235,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 4,000 shares of company stock valued at $880,000 over the last quarter. Corporate insiders own 29.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its stake in Boston Beer by 6.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 23,669 shares of the company’s stock valued at $4,524,000 after acquiring an additional 1,500 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Boston Beer by 294.3% in the fourth quarter. Renaissance Technologies LLC now owns 41,800 shares of the company’s stock valued at $7,988,000 after acquiring an additional 31,200 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Boston Beer by 1.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 123,880 shares of the company’s stock valued at $23,674,000 after acquiring an additional 1,385 shares during the last quarter. Smith Asset Management Group LP lifted its stake in Boston Beer by 12.9% in the fourth quarter. Smith Asset Management Group LP now owns 24,103 shares of the company’s stock valued at $4,606,000 after acquiring an additional 2,763 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in Boston Beer in the fourth quarter valued at approximately $219,000. Hedge funds and other institutional investors own 73.47% of the company’s stock.

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 sells approximately 60 beers under the Samuel Adams brand names; 10 flavored malt beverages under the Twisted Tea brand name; 20 hard cider beverages under the Angry Orchard brand; 5 hard sparkling waters under the Truly Spiked & Sparkling brand name; and approximately 50 beers under 4 brand names.

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