Shares of Boston Beer Company Inc (NYSE:SAM) reached a new 52-week high during trading on Thursday . The stock traded as high as $442.28 and last traded at $438.07, with a volume of 1829 shares. The stock had previously closed at $439.60.

Several research analysts have commented on SAM shares. BMO Capital Markets lifted their price target on shares of Boston Beer to $350.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. Macquarie raised shares of Boston Beer from a “neutral” rating to an “outperform” rating and set a $460.00 target price on the stock in a research note on Wednesday, August 7th. Guggenheim lifted their target price on shares of Boston Beer from $372.00 to $421.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Zacks Investment Research downgraded shares of Boston Beer from a “strong-buy” rating to a “hold” rating and set a $415.00 target price on the stock. in a research note on Wednesday, June 26th. Finally, ValuEngine raised shares of Boston Beer from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $345.23.

The firm’s 50 day moving average is $395.85 and its 200 day moving average is $329.39. The company has a market capitalization of $5.30 billion, a PE ratio of 58.20, a P/E/G ratio of 4.73 and a beta of 0.68.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.51. The business had revenue of $318.40 million for the quarter, compared to the consensus estimate of $308.49 million. Boston Beer had a net margin of 9.92% and a return on equity of 22.89%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.98 EPS. As a group, analysts predict that Boston Beer Company Inc will post 8.93 EPS for the current fiscal year.

In other news, VP David L. Grinnell sold 500 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $357.50, for a total transaction of $178,750.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jean Michel Valette sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $380.67, for a total transaction of $951,675.00. Following the sale, the director now owns 27,258 shares in the company, valued at approximately $10,376,302.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,500 shares of company stock worth $2,130,425. Insiders own 28.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in SAM. GYL Financial Synergies LLC bought a new position in Boston Beer in the 1st quarter worth about $1,556,000. Cookson Peirce & Co. Inc. bought a new position in Boston Beer during the 2nd quarter valued at about $293,000. Virtu Financial LLC bought a new position in Boston Beer during the 1st quarter valued at about $372,000. Buffington Mohr McNeal bought a new position in Boston Beer during the 1st quarter valued at about $29,000. Finally, BlackRock Inc. lifted its stake in Boston Beer by 1.9% during the 1st quarter. BlackRock Inc. now owns 991,265 shares of the company’s stock valued at $292,154,000 after acquiring an additional 18,282 shares during the period. Hedge funds and other institutional investors own 70.25% of the company’s stock.

Boston Beer Company Profile (NYSE:SAM)

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, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.

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