Economy

Zacks Investment Research Downgrades Boston Beer Company, Inc. (The) (SAM) to Hold

(The) had a net margin of 9.65% and a return on equity of 20.19%.

The brewer posted revenue of $264.1 million in the period. During the same quarter a year ago, the firm earned $2.85 EPS. For the quarter ending Mar-18, 6 analysts have a mean sales target of 176.83 million whilst for the year ending Dec-17, 9 analysts have a mean target of 868.83 million. Credit Suisse Group raised shares of Boston Beer Company, Inc. The firm's 50-day moving average price is $162.79 and its 200 day moving average price is $146.76. Boston Beer Company, Inc. has a 12 month low of $128.70 and a 12 month high of $181.20. The firm has a market cap of $2.11 billion, a PE ratio of 25.05 and a beta of 0.56.

SAM has been the subject of several research reports. (The) from an "underperform" rating to a "neutral" rating and raised their target price for the company from $140.00 to $150.00 in a research note on Tuesday, September 26th. Susquehanna Bancshares Inc restated a "positive" rating and set a $175.00 price objective (down previously from $179.00) on shares of Boston Beer Company, Inc. (The) from a "hold" rating to a "buy" rating in a report on Thursday, August 3rd. William Blair began coverage on Boston Beer in a research note on Wednesday, September 21st. They issued an "outperform" rating on the stock.

On a per-share basis, the Boston-based company said it had profit of $2.78. To assess the reasonability of SAM's earnings growth per share, we should look at its most recent growth rate delivered. Jefferies Group LLC restated a "hold" rating on shares of Boston Beer Company, Inc. Vanguard Group Inc is the second biggest holder with 749 K million shares now valued at 98.97 million whilst Tybourne Capital Management (HK) Ltd has 654 K million shares valued at 111.12 million. The stock was sold at an average price of $159.90, for a total transaction of $420,217.20. The company's stock had a trading volume of 312,247 shares. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. (The) has an average rating of "Hold" and a consensus price target of $140.11. Insiders own 31.30% of the company's stock.

In other Boston Beer Company, Inc. (The) (NYSE:SAM) from a strong-buy rating to a hold rating in a research note issued to investors on Monday, October 16th.

Boston Beer expects full-year earnings in the range of $5.60 to $6.20 per share. Teacher Retirement System of Texas boosted its position in shares of Boston Beer by 12.9% in the second quarter. Teacher Retirement System of Texas now owns 1,267 shares of the company's stock valued at $217,000 after buying an additional 145 shares during the last quarter. Nationwide Fund Advisors grew its position in Boston Beer Company, Inc.

Shares of Boston Beer Company, Inc. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and worldwide trademark & copyright legislation.



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