Boston Beer (SAM) Projected to Post Quarterly Earnings on Thursday

Boston Beer (NYSE:SAM - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Thursday, April 24th. Analysts expect the company to announce earnings of $0.97 per share and revenue of $436.27 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Boston Beer Trading Up 0.2 %

NYSE:SAM traded up $0.56 during mid-day trading on Friday, hitting $238.98. 147,457 shares of the company's stock traded hands, compared to its average volume of 171,903. The firm has a 50 day moving average of $235.44 and a two-hundred day moving average of $269.96. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 35.14, a price-to-earnings-growth ratio of 1.23 and a beta of 1.26. Boston Beer has a 12 month low of $215.10 and a 12 month high of $339.77.

Analyst Upgrades and Downgrades

SAM has been the subject of several recent analyst reports. Berenberg Bank assumed coverage on Boston Beer in a research note on Wednesday, April 2nd. They set a "hold" rating and a $281.10 price objective for the company. Morgan Stanley cut their price objective on Boston Beer from $290.00 to $270.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Roth Mkm restated a "buy" rating and set a $349.00 target price (down previously from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. Citigroup lifted their price target on Boston Beer from $280.00 to $285.00 and gave the company a "buy" rating in a report on Monday, April 14th. Finally, UBS Group increased their price objective on shares of Boston Beer from $265.00 to $279.00 and gave the stock a "neutral" rating in a report on Thursday. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $293.91.

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, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.