Boston Beer (NYSE:SAM) Posts Quarterly Earnings Results, Misses Expectations By $0.47 EPS

Boston Beer (NYSE:SAM) released its quarterly earnings data on Tuesday. The company reported ($1.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.21) by ($0.47), Zacks reports. Boston Beer had a net margin of 3.82% and a return on equity of 11.76%.

Boston Beer Stock Up 0.1 %

NYSE:SAM traded up $0.25 during trading hours on Tuesday, reaching $234.08. The company had a trading volume of 325,354 shares, compared to its average volume of 195,555. The business’s 50-day simple moving average is $262.53 and its two-hundred day simple moving average is $281.32. Boston Beer has a twelve month low of $222.27 and a twelve month high of $371.65. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 34.42, a P/E/G ratio of 1.23 and a beta of 1.06.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SAM shares. Citigroup cut their price target on shares of Boston Beer from $335.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Piper Sandler downgraded Boston Beer from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $370.00 to $275.00 in a report on Thursday, January 23rd. Needham & Company LLC started coverage on Boston Beer in a research note on Friday, December 6th. They issued a “hold” rating for the company. UBS Group cut their price objective on Boston Beer from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Finally, StockNews.com lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Boston Beer presently has a consensus rating of “Hold” and a consensus price target of $302.90.

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.