The Boston Beer Company, Inc. (SAM) Just Reaches 52-Week High?

May 17, 2018 - By Ash Ash

Investors sentiment decreased to 0.87 in Q4 2017. Its down 0.28, from 1.15 in 2017Q3. It is negative, as 25 investors sold The Boston Beer Company, Inc. shares while 90 reduced holdings. 44 funds opened positions while 56 raised stakes. 8.44 million shares or 3.57% less from 8.75 million shares in 2017Q3 were reported.
Arizona State Retirement holds 6,234 shares. The Ohio-based Meeder Asset Incorporated has invested 0.08% in The Boston Beer Company, Inc. (NYSE:SAM). New Mexico Educational Retirement Board reported 2,200 shares. Cardinal Cap Management invested 0.18% in The Boston Beer Company, Inc. (NYSE:SAM). Advisory Serv Networks Limited Liability Corp invested 0% of its portfolio in The Boston Beer Company, Inc. (NYSE:SAM). Amalgamated Financial Bank stated it has 1,219 shares. New York State Common Retirement Fund has 0% invested in The Boston Beer Company, Inc. (NYSE:SAM). Ahl Ptnrs Llp holds 0.17% in The Boston Beer Company, Inc. (NYSE:SAM) or 56,668 shares. Raymond James & Assocs has 0% invested in The Boston Beer Company, Inc. (NYSE:SAM) for 2,606 shares. Hanson Mcclain Inc accumulated 400 shares. Wedge Mgmt L Lp Nc has invested 0% in The Boston Beer Company, Inc. (NYSE:SAM). Loring Wolcott Coolidge Fiduciary Advsrs Llp Ma invested in 866 shares. Contrarius Invest Management invested in 0.08% or 8,695 shares. Hudson Bay Cap Mgmt Lp reported 8,437 shares. Victory Capital Management Inc stated it has 77,654 shares.

Since December 13, 2017, it had 0 insider buys, and 23 selling transactions for $30.06 million activity. On Wednesday, April 4 Grinnell David L. sold $205,000 worth of The Boston Beer Company, Inc. (NYSE:SAM) or 1,000 shares. The insider Geist John C sold $1.53 million. HEATH TARA L. sold 64 shares worth $12,090. Shares for $17,569 were sold by Fisher Cheryl on Tuesday, January 2. 5,000 shares were sold by Burwick David A, worth $950,050 on Tuesday, January 2.

The stock of The Boston Beer Company, Inc. (NYSE:SAM) hit a new 52-week high and has $257.72 target or 7.00 % above today’s $240.86 share price. The 8 months bullish chart indicates low risk for the $2.83 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $257.72 price target is reached, the company will be worth $197.89 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.82% or $1.9601 during the last trading session, reaching $240.8601. About 56,385 shares traded. The Boston Beer Company, Inc. (NYSE:SAM) has risen 25.34% since May 17, 2017 and is uptrending. It has outperformed by 13.79% the S&P500.

Analysts await The Boston Beer Company, Inc. (NYSE:SAM) to report earnings on July, 26. They expect $2.64 EPS, up 12.34 % or $0.29 from last year’s $2.35 per share. SAM’s profit will be $30.99 million for 22.81 P/E if the $2.64 EPS becomes a reality. After $0.55 actual EPS reported by The Boston Beer Company, Inc. for the previous quarter, Wall Street now forecasts 380.00 % EPS growth.

The Boston Beer Company, Inc. (NYSE:SAM) Ratings Coverage

Among 10 analysts covering Boston Beer Co (NYSE:SAM), 0 have Buy rating, 0 Sell and 10 Hold. Therefore 0 are positive. Boston Beer Co had 15 analyst reports since December 6, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Monday, December 18 by Berenberg. On Wednesday, April 4 the stock rating was upgraded by Cowen & Co to “Market Perform”. Cowen & Co maintained The Boston Beer Company, Inc. (NYSE:SAM) on Monday, January 8 with “Sell” rating. Goldman Sachs upgraded The Boston Beer Company, Inc. (NYSE:SAM) on Monday, April 16 to “Neutral” rating. Jefferies maintained it with “Hold” rating and $175.0 target in Thursday, January 4 report. The firm earned “Hold” rating on Thursday, April 26 by Stifel Nicolaus. The firm has “Neutral” rating by Macquarie Research given on Thursday, February 8. On Thursday, February 22 the stock rating was maintained by Credit Suisse with “Neutral”. The rating was maintained by RBC Capital Markets on Thursday, February 22 with “Hold”. The company was maintained on Tuesday, April 17 by BMO Capital Markets.

More important recent The Boston Beer Company, Inc. (NYSE:SAM) news were published by: Seekingalpha.com which released: “Boston Beer Back On Track?” on April 24, 2018, also Fool.com published article titled: “Boston Beer Finally Posts Earnings Worth Cheering About”, Seekingalpha.com published: “Boston Beer (SAM) Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. More interesting news about The Boston Beer Company, Inc. (NYSE:SAM) was released by: Seekingalpha.com and their article: “Boston Beer rallies after satisfying earnings” with publication date: April 26, 2018.

The Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States. The company has market cap of $2.83 billion. The Company’s flagship beer is Samuel Adams Boston Lager. It has a 29.78 P/E ratio. The firm sells approximately 60 beers under the Samuel Adams and the Sam Adams brands; 20 hard cider beverages under the Angry Orchard brand; 13 flavored malt beverages under the Twisted Tea brand; and 4 hard seltzer beverages under the Truly Spiked & Sparkling brand name, as well as approximately 40 beers under A&S Brewing trade name.

The Boston Beer Company, Inc. (NYSE:SAM) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: