Boston Beer Company, Inc. (The) (NYSE:SAM):
Boston Beer Reports Third Quarter 2016 Results.
The company is now up from yesterday’s close of $155.95.
Company chares are trading at $157.60 a tad under $158.34, the 50 day moving average and barely below the 200 day moving average of $166.23. The 50 day moving average was down by -0.46% and the 200 day average went down by -5.19%.
Boston Beer Company, Inc. (The) currently has a P/E ratio of 25.24 and the market cap of the company is 1.96B. As of the latest earnings report the EPS was $6.24 and is projected to be $6.38 for the current year with 12,425,000 shares outstanding. Next quarter’s EPS is forecasted at $0.56 and the next full year EPS is projected to be $6.51.
Investment analysts have released opinions on the company recently. On October 14, 2016 the stock rating was set at “Sell” in a report from Berenberg a cut from the previous “Hold” rating. On September 21 the company was rated “Outperform” by Cowen & Co. which is down from the previous “” rating.
Equity analyst William Blair added SAM to its research portfolio giving it an initial rating of “Outperform”. On September 16 analysts at Credit Suisse began coverage of the stock with a rating of “Underperform” and establishing a price target of $156.00.
On May 19 the company was upgraded to “Hold” from “Sell” in an announcement from Berenberg. On April 27, 2016 the stock rating was changed to a “Neutral” according to a Tigress Financial report down from the previous “” rating.