Boston Beer (SAM) Earning Somewhat Positive News Coverage, Accern Reports

News headlines about Boston Beer (NYSE:SAM) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Boston Beer earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.8892408586259 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news headlines that may have effected Accern’s rankings:

SAM has been the subject of a number of research analyst reports. TheStreet raised shares of Boston Beer from a “c+” rating to a “b-” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of Boston Beer from a “hold” rating to a “buy” rating and set a $187.00 price target for the company in a research note on Monday, October 30th. Jefferies Group reaffirmed a “hold” rating on shares of Boston Beer in a research note on Thursday, September 7th. Stifel Nicolaus initiated coverage on shares of Boston Beer in a research note on Tuesday, December 5th. They issued a “hold” rating and a $166.00 price target for the company. Finally, Berenberg Bank raised shares of Boston Beer from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $151.27.

Boston Beer (SAM) traded up $0.10 during midday trading on Wednesday, hitting $194.60. 116,480 shares of the company were exchanged, compared to its average volume of 164,918. Boston Beer has a twelve month low of $128.70 and a twelve month high of $197.05. The company has a market cap of $2,290.00, a P/E ratio of 26.55, a P/E/G ratio of 6.15 and a beta of 0.57.

Boston Beer (NYSE:SAM) last released its earnings results on Thursday, October 26th. The company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.79. Boston Beer had a net margin of 9.97% and a return on equity of 21.11%. The business had revenue of $247.04 million for the quarter, compared to the consensus estimate of $256.73 million. During the same period in the previous year, the firm earned $2.48 EPS. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. sell-side analysts predict that Boston Beer will post 6.22 earnings per share for the current fiscal year.

In related news, VP David L. Grinnell sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $186.75, for a total value of $186,750.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan N. Potter sold 771 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $173.50, for a total transaction of $133,768.50. The disclosure for this sale can be found here. Insiders sold a total of 2,210 shares of company stock worth $395,983 over the last quarter. Insiders own 28.50% of the company’s stock.

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About Boston Beer

The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.

Insider Buying and Selling by Quarter for Boston Beer (NYSE:SAM)

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