The stock of Boston Beer Company Inc (NYSE:SAM) is a huge mover today! About 134,990 shares traded hands. Boston Beer Company Inc (NYSE:SAM) has declined 11.32% since March 11, 2016 and is downtrending. It has underperformed by 16.78% the S&P500.
The move comes after 6 months negative chart setup for the $1.92B company. It was reported on Oct, 14 by Barchart.com. We have $145.21 PT which if reached, will make NYSE:SAM worth $115.20M less.
Analysts await Boston Beer Company Inc (NYSE:SAM) to report earnings on November, 3. They expect $2.74 EPS, down 3.86% or $0.11 from last year’s $2.85 per share. SAM’s profit will be $34.05M for 14.09 P/E if the $2.74 EPS becomes a reality. After $2.06 actual EPS reported by Boston Beer Company Inc for the previous quarter, Wall Street now forecasts 33.01% EPS growth.
Boston Beer Company Inc (NYSE:SAM) Ratings Coverage
Out of 10 analysts covering Boston Beer Co (NYSE:SAM), 1 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 10% are positive. Boston Beer Co has been the topic of 19 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Berenberg upgraded the shares of SAM in a report on Thursday, May 19 to “Hold” rating. As per Wednesday, April 27, the company rating was downgraded by Tigress Financial. The stock has “Underperform” rating given by Credit Suisse on Friday, September 16. The firm has “Sell” rating by Berenberg given on Wednesday, January 13. On Friday, January 8 the stock rating was downgraded by Jefferies to “Hold”. The firm has “Hold” rating by Jefferies given on Friday, April 15. CLSA downgraded the stock to “Outperform” rating in Friday, October 30 report. The firm earned “Neutral” rating on Tuesday, October 20 by Goldman Sachs. The stock has “Outperform” rating given by Credit Agricole on Friday, October 30. On Tuesday, March 8 the stock rating was downgraded by CLSA to “Underperform”.
According to Zacks Investment Research, “The Boston Beer Company, Inc. produces beer, malt beverages, and cider products at Company-owned breweries and under contract. Their beer products are primarily positioned in the Better Beer category of the beer industry, which includes craft beers and most imports sold at premium prices.”
Insitutional Activity: The institutional sentiment increased to 1.06 in Q2 2016. Its up 0.14, from 0.92 in 2016Q1. The ratio is positive, as 29 funds sold all Boston Beer Company Inc shares owned while 53 reduced positions. 20 funds bought stakes while 67 increased positions. They now own 14.05 million shares or 64.33% more from 8.55 million shares in 2016Q1.
Advantus Management Inc has 0.01% invested in the company for 1,130 shares. Legal General Grp Pcl holds 0% of its portfolio in Boston Beer Company Inc (NYSE:SAM) for 2,230 shares. Goldman Sachs Gru Inc has 0.01% invested in the company for 104,130 shares. Dillon And Associate Incorporated reported 6,450 shares or 0.51% of all its holdings. Thompson Davis Com Inc last reported 0% of its portfolio in the stock. Rk Asset Limited Liability has 4.82% invested in the company for 31,588 shares. Arizona State Retirement Systems last reported 0.01% of its portfolio in the stock. Blackrock Institutional Trust Com Na holds 264,495 shares or 0.01% of its portfolio. California State Teachers Retirement, a California-based fund reported 18,503 shares. Next Fin Grp holds 0.01% or 184 shares in its portfolio. Moreover, Paradigm Asset Limited Liability Com has 0% invested in Boston Beer Company Inc (NYSE:SAM) for 600 shares. Evercore Wealth Mgmt Limited Liability Company holds 204 shares or 0% of its portfolio. Blackrock holds 3,819 shares or 0% of its portfolio. Mycio Wealth Prns Limited Company accumulated 4 shares or 0% of the stock. Voya Management Ltd Com accumulated 3,955 shares or 0% of the stock.
Insider Transactions: Since May 5, 2016, the stock had 0 insider buys, and 33 selling transactions for $26.88 million net activity. Grinnell David L. sold $152,562 worth of stock. 7,000 shares were sold by ROPER MARTIN F, worth $1.23 million. Shares for $147,250 were sold by Geist John C on Thursday, May 5. 5,000 shares with value of $766,027 were sold by Burwick David A on Thursday, May 12. Shares for $111,798 were sold by TYBOURNE CAPITAL MANAGEMENT HK LTD.
More notable recent Boston Beer Company Inc (NYSE:SAM) news were published by: Fool.com which released: “Why Boston Beer Company Inc’s Shares Plunged 15% in September” on October 03, 2016, also Fool.com with their article: “Why Boston Beer Co., Inc. Stock Plunged Today” published on April 22, 2016, Fool.com published: “Boston Beer Co. Inc.’s Cup Is Half Full” on July 22, 2016. More interesting news about Boston Beer Company Inc (NYSE:SAM) were released by: Fool.com and their article: “Why The Boston Beer Co., Inc. Stock Dropped 15.7% in April” published on May 14, 2016 as well as Fool.com‘s news article titled: “Boston Beer Co. Inc. Stays the Course as Competition Grows” with publication date: February 19, 2016.
SAM Company Profile
The Boston Beer Company, Inc. (Boston Beer), incorporated on August 17, 1995, is a craft brewer in the United States. The Firm is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in international markets. The Firm operates through two divisions: Boston Beer Company segment and A&S Brewing Collaborative segment. The Boston Beer Company operating segment comprises of the Company’s Samuel Adams, Twisted Tea and Angry Orchard brands. The A&S Brewing Collaborative operating segment comprises of The Traveler Beer Company, Coney Island Brewing Company, Angel City Brewing Company and Concrete Beach Brewing Company. Both divisions sell predominantly low alcohol beverages. The Firm has sold approximately 4.2 million barrels of its products. The Firm sells over 60 beers under the Samuel Adams and the Sam Adams brand names, approximately 10 flavored malt beverages under the Twisted Tea brand name, over 10 hard cider beverages under the Angry Orchard brand name and approximately 40 beers under over four of the brand names of its subsidiary, A&S Brewing Collaborative LLC, under its trade name Alchemy & Science.
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