Brokerages expect Boston Beer Company Inc (NYSE:SAM) to post $172.14 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Boston Beer’s earnings. The highest sales estimate is $174.48 million and the lowest is $169.80 million. Boston Beer posted sales of $161.70 million in the same quarter last year, which suggests a positive year over year growth rate of 6.5%. The firm is scheduled to report its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Boston Beer will report full year sales of $172.14 million for the current year, with estimates ranging from $872.86 million to $889.40 million. For the next year, analysts anticipate that the business will report sales of $893.55 million per share, with estimates ranging from $879.79 million to $907.30 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Boston Beer.
Boston Beer (NYSE:SAM) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.82 by $0.03. Boston Beer had a net margin of 11.04% and a return on equity of 18.55%. The company had revenue of $206.32 million for the quarter, compared to analyst estimates of $206.46 million. During the same quarter last year, the business earned $1.75 earnings per share. Boston Beer’s revenue was down 5.9% compared to the same quarter last year.
Several equities research analysts have commented on the stock. ValuEngine lowered shares of Boston Beer from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Macquarie upgraded shares of Boston Beer from an “underperform” rating to a “neutral” rating and set a $140.00 price target on the stock in a research note on Thursday, February 8th. Berenberg Bank upgraded shares of Boston Beer from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. Jefferies Group restated a “hold” rating and issued a $175.00 price target on shares of Boston Beer in a research note on Thursday, January 4th. Finally, UBS Group lowered shares of Boston Beer from a “positive” rating to a “neutral” rating in a research note on Monday, November 13th. Three investment analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $161.33.
Shares of Boston Beer (SAM) traded down $1.05 during trading hours on Wednesday, hitting $180.65. 99,888 shares of the company’s stock traded hands, compared to its average volume of 168,120. Boston Beer has a 12 month low of $128.70 and a 12 month high of $202.35. The firm has a market capitalization of $2,120.00, a price-to-earnings ratio of 28.05, a P/E/G ratio of 2.85 and a beta of 0.65.
In related news, VP Quincy B. Troupe sold 476 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $167.00, for a total transaction of $79,492.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP David L. Grinnell sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $195.00, for a total transaction of $195,000.00. The disclosure for this sale can be found here. Insiders have sold 106,459 shares of company stock worth $20,152,166 in the last quarter. Company insiders own 28.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Endurance Wealth Management Inc. acquired a new position in shares of Boston Beer during the fourth quarter valued at approximately $134,000. Advisor Group Inc. boosted its holdings in Boston Beer by 91.9% during the fourth quarter. Advisor Group Inc. now owns 737 shares of the company’s stock worth $141,000 after buying an additional 353 shares in the last quarter. Huntington National Bank boosted its holdings in Boston Beer by 173.9% during the fourth quarter. Huntington National Bank now owns 775 shares of the company’s stock worth $148,000 after buying an additional 492 shares in the last quarter. Texas Yale Capital Corp. bought a new stake in Boston Beer during the fourth quarter worth approximately $207,000. Finally, Asset Management Group Inc. bought a new stake in Boston Beer during the fourth quarter worth approximately $209,000. Institutional investors and hedge funds own 73.15% of the company’s stock.
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Boston Beer Company Profile
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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