Boston Beer (NYSE:SAM) Hits New 12-Month Low at $272.55

The Boston Beer Company, Inc. (NYSE:SAM) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $272.55 and last traded at $272.88, with a volume of 59483 shares trading hands. The stock had previously closed at $277.28.

Analysts Set New Price Targets

Several research firms have recently issued reports on SAM. Citigroup lowered their target price on shares of Boston Beer from $350.00 to $315.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. UBS Group lowered their price target on shares of Boston Beer from $390.00 to $355.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. The Goldman Sachs Group cut their price objective on shares of Boston Beer from $257.00 to $250.00 and set a “sell” rating for the company in a research report on Tuesday, April 9th. Roth Mkm boosted their target price on shares of Boston Beer from $406.00 to $422.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Finally, Sanford C. Bernstein upgraded shares of Boston Beer from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $280.00 to $335.00 in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Boston Beer presently has an average rating of “Hold” and a consensus price target of $335.00.

Boston Beer Stock Up 3.1 %

The stock has a fifty day moving average of $292.83 and a 200-day moving average of $329.19. The stock has a market cap of $3.37 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 1.04 and a beta of 1.03.

Boston Beer (NYSE:SAM) last issued its earnings results on Thursday, April 25th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.96. Boston Beer had a net margin of 4.60% and a return on equity of 10.11%. The business had revenue of $426.05 million for the quarter, compared to the consensus estimate of $414.18 million. Equities research analysts forecast that The Boston Beer Company, Inc. will post 10.26 earnings per share for the current fiscal year.

Insider Transactions at Boston Beer

In other news, insider Carolyn L. O’boyle sold 101 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $303.49, for a total transaction of $30,652.49. Following the sale, the insider now owns 7,029 shares of the company’s stock, valued at approximately $2,133,231.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 24.00% of the company’s stock.

Institutional Trading of Boston Beer

A number of institutional investors have recently modified their holdings of the company. Covestor Ltd raised its stake in shares of Boston Beer by 88.4% in the 3rd quarter. Covestor Ltd now owns 81 shares of the company’s stock valued at $32,000 after acquiring an additional 38 shares during the period. Quarry LP purchased a new stake in shares of Boston Beer during the 4th quarter valued at about $42,000. First Command Advisory Services Inc. purchased a new stake in Boston Beer during the 3rd quarter worth $56,000. DekaBank Deutsche Girozentrale purchased a new position in Boston Beer in the third quarter valued at about $59,000. Finally, CWM LLC grew its stake in Boston Beer by 17.6% during the 4th quarter. CWM LLC now owns 227 shares of the company’s stock valued at $78,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Company Profile

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 offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.