Boston Beer (NYSE:SAM) Hits New 52-Week Low at $285.07

The Boston Beer Company, Inc. (NYSE:SAM) hit a new 52-week low during trading on Friday . The stock traded as low as $285.07 and last traded at $285.49, with a volume of 32666 shares. The stock had previously closed at $291.39.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SAM shares. UBS Group reduced their target price on Boston Beer from $390.00 to $355.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Roth Mkm lifted their target price on Boston Beer from $406.00 to $422.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. The Goldman Sachs Group reduced their target price on Boston Beer from $257.00 to $250.00 and set a “sell” rating for the company in a research note on Tuesday, April 9th. Sanford C. Bernstein upgraded Boston Beer from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $280.00 to $335.00 in a research note on Tuesday, January 16th. Finally, Citigroup reduced their price target on Boston Beer from $370.00 to $350.00 and set a “neutral” rating for the company in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $337.36.

Boston Beer Stock Performance

The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 46.07, a PEG ratio of 1.05 and a beta of 1.02. The company has a fifty day simple moving average of $317.56 and a two-hundred day simple moving average of $339.71.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($1.49) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($1.27). The company had revenue of $393.72 million during the quarter, compared to analyst estimates of $413.57 million. Boston Beer had a net margin of 3.61% and a return on equity of 8.13%. Boston Beer’s revenue was down 12.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.93) earnings per share. As a group, equities analysts anticipate that The Boston Beer Company, Inc. will post 9.98 earnings per share for the current year.

Insider Buying and Selling at Boston Beer

In other Boston Beer news, insider Carolyn L. O’boyle sold 101 shares of Boston Beer stock in a transaction on Monday, April 1st. The stock was sold at an average price of $303.49, for a total value of $30,652.49. Following the completion of the transaction, the insider now directly owns 7,029 shares of the company’s stock, valued at approximately $2,133,231.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Carolyn L. O’boyle sold 102 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $350.72, for a total transaction of $35,773.44. Following the completion of the transaction, the insider now owns 2,630 shares of the company’s stock, valued at approximately $922,393.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Carolyn L. O’boyle sold 101 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $303.49, for a total value of $30,652.49. Following the transaction, the insider now directly owns 7,029 shares of the company’s stock, valued at approximately $2,133,231.21. The disclosure for this sale can be found here. Insiders own 23.30% of the company’s stock.

Hedge Funds Weigh In On Boston Beer

A number of institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in Boston Beer by 2.0% in the 1st quarter. JPMorgan Chase & Co. now owns 16,610 shares of the company’s stock worth $6,452,000 after purchasing an additional 333 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Boston Beer by 64.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,778 shares of the company’s stock worth $691,000 after purchasing an additional 696 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Boston Beer by 3.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,961 shares of the company’s stock worth $1,151,000 after purchasing an additional 95 shares in the last quarter. Bank of Montreal Can increased its holdings in Boston Beer by 220.8% in the 1st quarter. Bank of Montreal Can now owns 6,080 shares of the company’s stock worth $2,414,000 after purchasing an additional 4,185 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in Boston Beer by 42.6% in the 1st quarter. MetLife Investment Management LLC now owns 6,488 shares of the company’s stock worth $2,520,000 after purchasing an additional 1,938 shares in the last quarter. Institutional investors and hedge funds 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.