Boston Beer Company, Inc. (The) (SAM) Rating Reiterated by Jefferies Group LLC

Jefferies Group LLC reiterated their hold rating on shares of Boston Beer Company, Inc. (The) (NYSE:SAM) in a research note issued to investors on Wednesday, May 31st. The brokerage currently has a $129.00 target price on the stock.

A number of other analysts have also recently commented on the stock. Susquehanna Bancshares Inc set a $154.00 target price on shares of Boston Beer Company, Inc. (The) and gave the company a hold rating in a report on Monday, April 17th. Zacks Investment Research raised shares of Boston Beer Company, Inc. (The) from a sell rating to a hold rating in a report on Tuesday, April 25th. Royal Bank of Canada reiterated a sector perform rating and issued a $158.00 price target on shares of Boston Beer Company, Inc. (The) in a research report on Wednesday, April 26th. Finally, Goldman Sachs Group, Inc. (The) dropped their price target on shares of Boston Beer Company, Inc. (The) from $152.00 to $138.00 and set a neutral rating for the company in a research report on Thursday, February 23rd. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $151.25.

Boston Beer Company, Inc. (NYSE:SAM) opened at 132.95 on Wednesday. The company has a market capitalization of $1.63 billion, a P/E ratio of 19.65 and a beta of 0.58. The stock’s 50 day moving average is $141.78 and its 200-day moving average is $153.26. Boston Beer Company, Inc. has a 52-week low of $131.60 and a 52-week high of $195.35.

Boston Beer Company, Inc. (The) (NYSE:SAM) last released its quarterly earnings data on Wednesday, April 26th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.19. Boston Beer Company, Inc. (The) had a net margin of 9.42% and a return on equity of 19.73%. The firm had revenue of $161.70 million during the quarter, compared to analysts’ expectations of $170.33 million. During the same period in the previous year, the company earned $0.53 earnings per share. The firm’s quarterly revenue was down 14.4% on a year-over-year basis. Analysts predict that Boston Beer Company, Inc. will post $5.48 EPS for the current fiscal year.

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In other news, Chairman C James Koch sold 7,500 shares of the stock in a transaction on Thursday, April 13th. The shares were sold at an average price of $138.65, for a total value of $1,039,875.00. Following the sale, the chairman now owns 77,200 shares of the company’s stock, valued at $10,703,780. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP David L. Grinnell sold 372 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $143.06, for a total transaction of $53,218.32. The disclosure for this sale can be found here. Insiders have sold 80,372 shares of company stock valued at $11,263,768 in the last quarter. 31.30% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SAM. Teachers Advisors LLC boosted its position in shares of Boston Beer Company, Inc. (The) by 0.3% in the third quarter. Teachers Advisors LLC now owns 14,027 shares of the company’s stock valued at $2,178,000 after buying an additional 39 shares during the last quarter. Cardinal Capital Management boosted its position in shares of Boston Beer Company, Inc. (The) by 2.2% in the first quarter. Cardinal Capital Management now owns 1,958 shares of the company’s stock valued at $283,000 after buying an additional 43 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Boston Beer Company, Inc. (The) by 3.0% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 1,604 shares of the company’s stock valued at $232,000 after buying an additional 47 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Boston Beer Company, Inc. (The) by 2.2% in the first quarter. Arizona State Retirement System now owns 3,900 shares of the company’s stock valued at $564,000 after buying an additional 84 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Boston Beer Company, Inc. (The) by 4.5% in the first quarter. Louisiana State Employees Retirement System now owns 2,300 shares of the company’s stock valued at $333,000 after buying an additional 100 shares during the last quarter. 71.10% of the stock is currently owned by institutional investors.

About Boston Beer Company, Inc. (The)

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.

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