Boston Beer Company Inc (NYSE:SAM) – Stock analysts at William Blair decreased their Q2 2017 EPS estimates for shares of Boston Beer Company in a report released on Wednesday, Zacks Investment Research reports. William Blair analyst J. Andersen now anticipates that the company will earn $1.76 per share for the quarter, down from their prior forecast of $1.80. William Blair also issued estimates for Boston Beer Company’s Q3 2017 earnings at $2.40 EPS.
Boston Beer Company (NYSE:SAM) last released its quarterly earnings data on Wednesday, April 26th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.19. The firm had revenue of $161.70 million during the quarter, compared to analyst estimates of $170.33 million. Boston Beer Company had a return on equity of 18.49% and a net margin of 8.68%. The business’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share. ILLEGAL ACTIVITY WARNING: “Boston Beer Company Inc (SAM) to Post Q2 2017 Earnings of $1.76 Per Share, William Blair Forecasts” was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://www.chaffeybreeze.com/2017/05/19/equities-analysts-set-expectations-for-boston-beer-company-incs-q2-2017-earnings-sam-updated-updated.html.
Other equities analysts have also recently issued reports about the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $129.00 price objective on shares of Boston Beer Company in a report on Thursday, April 27th. Zacks Investment Research raised Boston Beer Company from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. Susquehanna Bancshares Inc set a $154.00 price target on Boston Beer Company and gave the stock a “hold” rating in a report on Monday, April 17th. Goldman Sachs Group Inc lowered their price target on Boston Beer Company from $152.00 to $138.00 and set a “neutral” rating for the company in a report on Thursday, February 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $158.00 price target on shares of Boston Beer Company in a report on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $152.38.
Shares of Boston Beer Company (NYSE:SAM) traded up 2.07% during mid-day trading on Friday, hitting $143.15. The stock had a trading volume of 98,344 shares. The firm has a market cap of $1.76 billion, a PE ratio of 21.16 and a beta of 0.50. Boston Beer Company has a 52 week low of $135.10 and a 52 week high of $195.35. The stock has a 50 day moving average price of $142.04 and a 200 day moving average price of $156.90.
In other news, VP Quincy B. Troupe sold 489 shares of the stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $159.62, for a total value of $78,054.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay Margolis sold 2,500 shares of the stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $156.87, for a total value of $392,175.00. Following the completion of the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $784,350. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,861 shares of company stock worth $20,956,873. Corporate insiders own 31.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Credit Agricole S A purchased a new position in shares of Boston Beer Company during the fourth quarter valued at $126,000. Victory Capital Management Inc. raised its position in shares of Boston Beer Company by 85.6% in the first quarter. Victory Capital Management Inc. now owns 826 shares of the company’s stock valued at $119,000 after buying an additional 381 shares during the period. Horan Capital Management bought a new position in Boston Beer Company during the first quarter worth approximately $145,000. IFP Advisors Inc raised its position in Boston Beer Company by 81.7% in the first quarter. IFP Advisors Inc now owns 1,070 shares of the company’s stock worth $155,000 after buying an additional 481 shares during the last quarter. Finally, Advantus Capital Management Inc raised its position in Boston Beer Company by 8.8% in the first quarter. Advantus Capital Management Inc now owns 1,230 shares of the company’s stock worth $178,000 after buying an additional 100 shares during the last quarter. 65.55% of the stock is owned by institutional investors and hedge funds.
About Boston Beer Company
The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Boston Beer Company Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer Company Inc and related companies with MarketBeat.com's FREE daily email newsletter.