How Analysts Feel About The Boston Beer Company, Inc. (SAM) After Achieving 52-Week High?

July 13, 2018 - By Eula Gilbert

Investors sentiment increased to 0.98 in Q1 2018. Its up 0.11, from 0.87 in 2017Q4. It improved, as 29 investors sold The Boston Beer Company, Inc. shares while 73 reduced holdings. 32 funds opened positions while 68 raised stakes. 8.43 million shares or 0.04% less from 8.44 million shares in 2017Q4 were reported.
Adams Diversified Equity Fund Inc reported 3,300 shares. Svcs Automobile Association stated it has 0% of its portfolio in The Boston Beer Company, Inc. (NYSE:SAM). Trust Of Vermont invested in 1,800 shares or 0.03% of the stock. Quantitative Investment Mngmt Limited Liability reported 0.02% of its portfolio in The Boston Beer Company, Inc. (NYSE:SAM). Parametric Ltd Com holds 19,412 shares. Pub Employees Retirement Association Of Colorado holds 1,617 shares. Nomura Holdings holds 0% or 3,166 shares in its portfolio. Ameritas Investment Ptnrs, a Nebraska-based fund reported 3,305 shares. Thompson Davis And has invested 0.01% in The Boston Beer Company, Inc. (NYSE:SAM). New York-based Gabelli Funds Ltd Liability Corp has invested 0.03% in The Boston Beer Company, Inc. (NYSE:SAM). Ubs Asset Americas has 0% invested in The Boston Beer Company, Inc. (NYSE:SAM) for 87,031 shares. Bartlett And Company Lc accumulated 33 shares. Texas Permanent School Fund accumulated 0.01% or 5,835 shares. The Massachusetts-based Putnam Fl Invest Mngmt has invested 0.02% in The Boston Beer Company, Inc. (NYSE:SAM). Sterling Mgmt Limited Liability Corp, North Carolina-based fund reported 2,865 shares.

Since January 16, 2018, it had 0 insider purchases, and 12 insider sales for $15.94 million activity. Grinnell David L. also sold $205,000 worth of The Boston Beer Company, Inc. (NYSE:SAM) on Wednesday, April 4.

The stock of The Boston Beer Company, Inc. (NYSE:SAM) hit a new 52-week high and has $333.87 target or 3.00 % above today’s $324.15 share price. The 6 months bullish chart indicates low risk for the $3.78 billion company. The 1-year high was reported on Jul, 13 by If the $333.87 price target is reached, the company will be worth $113.28 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 3.50% or $10.95 during the last trading session, reaching $324.15. About 107,234 shares traded. The Boston Beer Company, Inc. (NYSE:SAM) has risen 66.76% since July 13, 2017 and is uptrending. It has outperformed by 54.19% the S&P500.

Analysts await The Boston Beer Company, Inc. (NYSE:SAM) to report earnings on July, 26. They expect $2.64 earnings per share, up 12.34 % or $0.29 from last year’s $2.35 per share. SAM’s profit will be $30.75 million for 30.70 P/E if the $2.64 EPS becomes a reality. After $0.55 actual earnings per share 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 9 analysts covering Boston Beer (NYSE:SAM), 0 have Buy rating, 0 Sell and 9 Hold. Therefore 0 are positive. Boston Beer has $307 highest and $162.0 lowest target. $217.14’s average target is -33.01% below currents $324.15 stock price. Boston Beer had 12 analyst reports since February 5, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, April 26 by Stifel Nicolaus. The stock of The Boston Beer Company, Inc. (NYSE:SAM) earned “Hold” rating by BMO Capital Markets on Monday, February 5. On Thursday, February 22 the stock rating was maintained by RBC Capital Markets with “Hold”. Susquehanna maintained The Boston Beer Company, Inc. (NYSE:SAM) rating on Monday, April 23. Susquehanna has “Hold” rating and $19600 target. Macquarie Research upgraded the stock to “Neutral” rating in Thursday, February 8 report. The rating was maintained by Macquarie Research with “Neutral” on Thursday, April 26. The stock of The Boston Beer Company, Inc. (NYSE:SAM) has “Hold” rating given on Tuesday, April 17 by BMO Capital Markets. The firm has “Hold” rating by RBC Capital Markets given on Wednesday, April 25. Credit Suisse maintained the stock with “Neutral” rating in Thursday, February 22 report. The firm earned “Neutral” rating on Monday, April 16 by Goldman Sachs.

More recent The Boston Beer Company, Inc. (NYSE:SAM) news were published by: which released: “Why Boston Beer Company Inc’s Shares Jumped 18.1% in June” on July 09, 2018. Also published the news titled: “Maybe Craft Beer’s Outlook Isn’t as Gloomy as Big Beer Thinks” on June 26, 2018.‘s news article titled: “7 Biggest Price Target Changes For Tuesday” with publication date: July 10, 2018 was also an interesting one.

The Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States. The company has market cap of $3.78 billion. The Company’s flagship beer is Samuel Adams Boston Lager. It has a 40.08 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

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