Boston Beer (SAM) to Release Earnings on Thursday

Boston Beer (NYSE:SAMGet Rating) is scheduled to post its quarterly earnings results after the market closes on Thursday, April 21st. Analysts expect Boston Beer to post earnings of $2.13 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Boston Beer (NYSE:SAMGet Rating) last announced its earnings results on Wednesday, February 16th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.27 by ($3.36). The firm had revenue of $348.09 million for the quarter, compared to analyst estimates of $347.52 million. Boston Beer had a return on equity of 14.68% and a net margin of 0.69%. The firm’s revenue was down 24.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.56 EPS. On average, analysts expect Boston Beer to post $14 EPS for the current fiscal year and $17 EPS for the next fiscal year.

NYSE:SAM opened at $375.13 on Thursday. The company has a market cap of $4.61 billion, a P/E ratio of 364.20 and a beta of 0.82. Boston Beer has a fifty-two week low of $342.74 and a fifty-two week high of $1,349.98. The firm’s 50 day moving average is $389.73 and its two-hundred day moving average is $455.25.

A number of research firms have weighed in on SAM. MKM Partners cut their price target on shares of Boston Beer from $475.00 to $440.00 in a research note on Friday, January 14th. Evercore ISI reaffirmed a “buy” rating and set a $600.00 price target on shares of Boston Beer in a research note on Friday, January 14th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Boston Beer from $442.00 to $420.00 and set a “hold” rating on the stock in a research note on Wednesday. Jefferies Financial Group raised shares of Boston Beer from an “underperform” rating to a “hold” rating and increased their price target for the stock from $440.00 to $535.00 in a research note on Monday, December 20th. Finally, StockNews.com initiated coverage on shares of Boston Beer in a research note on Thursday, March 31st. They set a “sell” rating on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Boston Beer currently has an average rating of “Hold” and a consensus price target of $718.07.

In related news, insider John C. Geist sold 1,008 shares of Boston Beer stock in a transaction on Friday, April 1st. The shares were sold at an average price of $387.98, for a total transaction of $391,083.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 24.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in SAM. Toroso Investments LLC increased its stake in Boston Beer by 175.0% during the 4th quarter. Toroso Investments LLC now owns 1,790 shares of the company’s stock worth $904,000 after buying an additional 1,139 shares during the period. Founders Capital Management LLC acquired a new position in Boston Beer during the 4th quarter worth $1,179,000. Schonfeld Strategic Advisors LLC grew its holdings in Boston Beer by 115.5% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 4,525 shares of the company’s stock worth $2,285,000 after acquiring an additional 2,425 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Boston Beer by 0.9% during the 4th quarter. MetLife Investment Management LLC now owns 4,550 shares of the company’s stock worth $2,298,000 after acquiring an additional 40 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC acquired a new position in Boston Beer during the 4th quarter worth $2,564,000. 63.38% of the stock is currently owned by hedge funds and other institutional investors.

About Boston Beer (Get Rating)

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, and hard seltzers under the Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, Concrete Beach brand names.

See Also

Earnings History for Boston Beer (NYSE:SAM)

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