The Boston Beer (NYSE:SAM) Updates FY 2021 Earnings Guidance

The Boston Beer (NYSE:SAM) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of 22.000-26.000 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $23.260. The company issued revenue guidance of -.

A number of brokerages recently weighed in on SAM. Evercore ISI boosted their price objective on shares of The Boston Beer from $1,300.00 to $1,500.00 and gave the company an outperform rating in a research report on Monday, April 26th. Zacks Investment Research raised shares of The Boston Beer from a hold rating to a buy rating and set a $1,009.00 price objective for the company in a research report on Tuesday, January 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of The Boston Beer from $1,150.00 to $1,280.00 and gave the stock a hold rating in a research report on Monday, April 26th. Citigroup cut shares of The Boston Beer from a buy rating to a neutral rating and set a $1,395.00 target price for the company. in a research note on Monday, April 26th. Finally, Morgan Stanley raised their price target on shares of The Boston Beer from $1,400.00 to $1,530.00 and gave the stock an overweight rating in a research note on Thursday, April 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $1,238.36.

Shares of The Boston Beer stock traded down $70.47 during midday trading on Tuesday, reaching $1,120.61. The company had a trading volume of 5,285 shares, compared to its average volume of 111,504. The company has a market capitalization of $13.77 billion, a price-to-earnings ratio of 85.08 and a beta of 0.76. The stock has a fifty day simple moving average of $1,198.97 and a 200 day simple moving average of $1,049.30. The Boston Beer has a 1-year low of $452.45 and a 1-year high of $1,349.98.

The Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Wednesday, April 21st. The company reported $5.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.61 by $2.65. The business had revenue of $545.10 million during the quarter, compared to analyst estimates of $475.14 million. The Boston Beer had a net margin of 10.77% and a return on equity of 20.36%. The Boston Beer’s revenue for the quarter was up 64.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.49 earnings per share. Equities research analysts expect that The Boston Beer will post 15.34 earnings per share for the current year.

In other The Boston Beer news, Director Jean Michel Valette sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $1,189.09, for a total value of $4,756,360.00. Following the transaction, the director now directly owns 12,500 shares of the company’s stock, valued at $14,863,625. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Quincy B. Troupe sold 1,089 shares of the firm’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $1,190.61, for a total transaction of $1,296,574.29. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,810 shares of company stock worth $8,773,689. Insiders own 29.10% of the company’s stock.

The Boston Beer 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 offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, Concrete Beach brand names.

Featured Story: Quick Ratio

Earnings History and Estimates for The Boston Beer (NYSE:SAM)

Receive News & Ratings for The Boston Beer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Boston Beer and related companies with MarketBeat.com's FREE daily email newsletter.