Boston Beer jumps on stellar second-quarter earnings

Bruno Cirelli
Luglio 28, 2017

A number of other equities analysts have also commented on the company. Piper Jaffray upgraded the stock to "Neutral" rating in Friday, October 30 report. Jefferies Group LLC restated a "hold" rating and issued a $129.00 price target on shares of Boston Beer Company, Inc. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Boston Beer Company, Inc. (The) now has an average rating of "Hold" and a consensus price target of $142.13. The fund owned 39,322 shares of the company's stock after selling 1,029 shares during the period. (The) in a report on Friday, June 30th. Out of 4 Wall Street analysts rating Intl Paper, 2 give it "Buy", 1 "Sell" rating, while 1 recommend "Hold". The company presently has an average rating of Hold and an average price target of $142.13. $719,986 worth of Boston Beer Company Inc (NYSE:SAM) was sold by Burwick David A. Grinnell David L. sold $53,218 worth of Boston Beer Company Inc (NYSE:SAM) on Friday, May 12. (NYSE:SAM) are scrambling higher in today's trading session. The company's stock had a trading volume of 35,571 shares. The firm has a market capitalization of $1.96 billion, a PE ratio of 23.6405 and a beta of 0.51. Current price levels see the company 22.90% off the 20-day simple moving average.

Jim Koch, founder of The Boston Beer Company and Samuel Adams beer, pours a glass of his popular product. (The) (NYSE:SAM) by 12.9% during the first quarter, according to its most recent disclosure with the SEC. Boston Beer reported its second-quarter earnings rose to $29.1 million, or $2.35 a share, from $26.6 million, or $2.06 a share, a year earlier. (The) had a net margin of 9.42% and a return on equity of 19.73%. The firm had revenue of $161.70 million during the quarter, compared to the consensus estimate of $170.33 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share.

Zacks Investment Research upgraded shares of Boston Beer Company, Inc.

The company, which produces Sam Adams beer, Angry Orchard cider, and other alcoholic drinks, brought in $247.9 million in revenue during the period. First Tru Advisors Ltd Partnership has invested 0% in Boston Beer Company Inc (NYSE:SAM). Boston Beer Company, Inc. Susquehanna Bancshares Inc reiterated a "positive" rating on shares of Boston Beer Company, Inc. (The) stock in a transaction dated Friday, May 12th.

On 4/21/2017 C James Koch, Chairman, sold 7,500 with an average share price of $139.17 per share and the total transaction amounting to $1,043,775.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Boston Beer Company Inc (NYSE:SAM) has declined 3.11% since July 28, 2016 and is downtrending. The shares were sold at an average price of $144.00, for a total transaction of $720,000.00. Following the sale, the director now owns 6,094 shares in the company, valued at $877,536. The original version of this report can be accessed at https://www.themarketsdaily.com/2017/07/28/boston-beer-company-inc-the-sam-shares-bought-by-geode-capital-management-llc.html. (The) by 98.9% in the first quarter. Victory Capital Management Inc. now owns 826 shares of the company's stock valued at $119,000 after buying an additional 381 shares in the last quarter. Horan Capital Management acquired a new stake in Boston Beer Company, Inc. Thursday posted better-than-expected second-quarter results. Profit Investment Management LLC increased its stake in Boston Beer Company, Inc. (The) by 4.1% in the first quarter. Thrivent Financial for Lutherans now owns 1,540 shares of the company's stock valued at $262,000 after buying an additional 120 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Boston Beer Company, Inc. (The) by 8.8% in the first quarter. Finally, Credit Agricole S A raised its stake in Boston Beer Company, Inc. (The) by 333.3% in the first quarter. RK Asset Management LLC now owns 67,549 shares of the company's stock worth $9,771,000 after buying an additional 32,104 shares in the last quarter.

Goldman Sachs upgraded Boston Beer Company Inc (NYSE:SAM) on Tuesday, October 20 to "Neutral" rating. The Company is involved in the business of producing and selling alcohol beverages primarily in the domestic market and in selected global markets. The Firm operates through two divisions: Boston Beer Company segment, and A&S Brewing Collaborative segment.

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