Samuel Adams (SAM) Sets New 12-Month High and Low at $219.22

Samuel Adams (NYSE:SAM) hit a new 52-week high and low during trading on Thursday . The company traded as low as $219.22 and last traded at $216.90, with a volume of 45300 shares changing hands. The stock had previously closed at $216.75.

A number of equities research analysts recently commented on SAM shares. Zacks Investment Research downgraded shares of Samuel Adams from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Berenberg Bank upgraded shares of Samuel Adams from a “sell” rating to a “hold” rating in a research report on Monday, December 18th. ValuEngine downgraded shares of Samuel Adams from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Credit Suisse Group restated a “neutral” rating and issued a $172.00 price objective (up previously from $160.00) on shares of Samuel Adams in a research report on Thursday, February 22nd. Finally, Macquarie upgraded shares of Samuel Adams from an “underperform” rating to a “neutral” rating and set a $140.00 price objective for the company in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $161.33.

The stock has a market cap of $2,564.37, a PE ratio of 35.38, a P/E/G ratio of 3.40 and a beta of 0.52.



Samuel Adams (NYSE:SAM) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.03. Samuel Adams had a net margin of 11.04% and a return on equity of 18.55%. The company had revenue of $206.32 million during the quarter, compared to the consensus estimate of $206.46 million. During the same period last year, the firm earned $1.75 EPS. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. analysts anticipate that Samuel Adams will post 6.72 earnings per share for the current fiscal year.

In related news, insider Martin F. Roper sold 10,000 shares of Samuel Adams stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $189.29, for a total transaction of $1,892,900.00. Following the completion of the transaction, the insider now directly owns 42,273 shares in the company, valued at approximately $8,001,856.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Quincy B. Troupe sold 476 shares of Samuel Adams stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $167.00, for a total value of $79,492.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,249 shares of company stock valued at $10,107,141. Insiders own 31.30% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. California Public Employees Retirement System raised its position in shares of Samuel Adams by 2.9% during the 3rd quarter. California Public Employees Retirement System now owns 10,800 shares of the company’s stock worth $1,687,000 after purchasing an additional 300 shares during the last quarter. Advisor Group Inc. raised its position in shares of Samuel Adams by 91.9% during the 4th quarter. Advisor Group Inc. now owns 737 shares of the company’s stock worth $141,000 after purchasing an additional 353 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Samuel Adams by 27.6% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,011 shares of the company’s stock worth $314,000 after purchasing an additional 435 shares during the last quarter. Huntington National Bank raised its position in shares of Samuel Adams by 173.9% during the 4th quarter. Huntington National Bank now owns 775 shares of the company’s stock worth $148,000 after purchasing an additional 492 shares during the last quarter. Finally, Raymond James & Associates raised its position in shares of Samuel Adams by 26.8% during the 4th quarter. Raymond James & Associates now owns 2,606 shares of the company’s stock worth $498,000 after purchasing an additional 551 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.

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Samuel Adams Company Profile

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 sells approximately 60 beers under the Samuel Adams brand names; 10 flavored malt beverages under the Twisted Tea brand name; 20 hard cider beverages under the Angry Orchard brand; 5 hard sparkling waters under the Truly Spiked & Sparkling brand name; and approximately 50 beers under 4 brand names.

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