Boston Beer Company, Inc. (The) (SAM) Receives Daily Media Sentiment Score of -0.08
Press coverage about Boston Beer Company, Inc. (The) (NYSE:SAM) has trended somewhat negative on Thursday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Boston Beer Company, Inc. (The) earned a daily sentiment score of -0.08 on Accern’s scale. Accern also gave media stories about the company an impact score of 83 out of 100, meaning that recent press coverage is very likely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Placing These Stocks in the Hotbed: The Boston Beer Company, Inc. (NYSE:SAM) and FBL Financial Group, Inc … – FLBC News (flbcnews.com)
- Why Boston Beer Company Inc Popped 19% in July – Motley Fool (fool.com)
- The Boston Beer Company, Inc. (The) (SAM) Upgraded to Sell at BidaskClub (elcumanes.com)
- The Craft Beer Boom Has Gone Flat (finance.yahoo.com)
Shares of Boston Beer Company, Inc. (SAM) traded down 2.14% during mid-day trading on Thursday, reaching $150.95. The company had a trading volume of 173,231 shares. Boston Beer Company, Inc. has a 12-month low of $128.70 and a 12-month high of $194.98. The firm has a 50-day moving average of $134.67 and a 200-day moving average of $145.23. The company has a market capitalization of $1.35 billion, a P/E ratio of 21.56 and a beta of 0.54.
Boston Beer Company, Inc. (The) (NYSE:SAM) last released its quarterly earnings results on Thursday, July 27th. The company reported $2.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.89. Boston Beer Company, Inc. (The) had a net margin of 9.65% and a return on equity of 20.19%. The company had revenue of $247.90 million during the quarter, compared to the consensus estimate of $222.74 million. During the same period in the prior year, the firm earned $2.06 earnings per share. Boston Beer Company, Inc. (The)’s revenue was up 1.3% on a year-over-year basis. On average, equities analysts anticipate that Boston Beer Company, Inc. will post $5.78 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on SAM shares. Zacks Investment Research raised Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a research report on Monday, July 17th. BidaskClub raised Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday. Royal Bank Of Canada reissued a “hold” rating and issued a $158.00 price objective on shares of Boston Beer Company, Inc. (The) in a research report on Friday, June 30th. Jefferies Group LLC reissued a “hold” rating and issued a $130.00 price objective (down from $145.00) on shares of Boston Beer Company, Inc. (The) in a research report on Tuesday, April 18th. Finally, Susquehanna Bancshares Inc set a $154.00 price objective on Boston Beer Company, Inc. (The) and gave the stock a “hold” rating in a research report on Monday, April 17th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Boston Beer Company, Inc. (The) presently has a consensus rating of “Hold” and an average price target of $142.13.
In other Boston Beer Company, Inc. (The) news, VP David L. Grinnell sold 372 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $143.06, for a total transaction of $53,218.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Burwick sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $144.00, for a total transaction of $720,000.00. Following the transaction, the director now directly owns 6,094 shares of the company’s stock, valued at approximately $877,536. The disclosure for this sale can be found here. Insiders have sold 8,000 shares of company stock valued at $1,193,436 in the last ninety days. Insiders own 31.30% of the company’s stock.
About Boston Beer Company, Inc. (The)
The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.
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