Goldman Sachs upgraded shares of Samuel Adams (NYSE:SAM) from a sell rating to a neutral rating in a report released on Monday morning, MarketBeat Ratings reports. They currently have $223.00 target price on the stock, up from their previous target price of $181.00.
SAM has been the subject of a number of other reports. BMO Capital Markets began coverage on shares of Samuel Adams in a research note on Monday, February 5th. They issued a market perform rating and a $180.00 target price for the company. Berenberg Bank upgraded shares of Samuel Adams from a sell rating to a hold rating in a research note on Monday, December 18th. ValuEngine cut shares of Samuel Adams from a hold rating to a sell rating in a research note on Thursday, March 1st. Jefferies Group reiterated a hold rating and issued a $175.00 target price on shares of Samuel Adams in a research note on Thursday, January 4th. Finally, Cowen upgraded shares of Samuel Adams from an underperform rating to a market perform rating in a research note on Wednesday, April 4th. Fifteen investment analysts have rated the stock with a hold rating, The stock has an average rating of Hold and an average target price of $173.25.
Shares of Samuel Adams stock opened at $225.00 on Monday. Samuel Adams has a 52-week low of $128.70 and a 52-week high of $226.00. The company has a market capitalization of $2,597.50, a PE ratio of 37.44, a PEG ratio of 3.44 and a beta of 0.52.
Samuel Adams (NYSE:SAM) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.03. Samuel Adams had a net margin of 11.04% and a return on equity of 18.55%. The firm had revenue of $206.32 million for the quarter, compared to the consensus estimate of $206.46 million. During the same quarter in the previous year, the firm earned $1.75 EPS. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. research analysts forecast that Samuel Adams will post 6.72 earnings per share for the current year.
In other Samuel Adams news, insider Martin F. Roper sold 10,000 shares of Samuel Adams stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $188.07, for a total transaction of $1,880,700.00. Following the completion of the sale, the insider now directly owns 42,273 shares in the company, valued at approximately $7,950,283.11. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Quincy B. Troupe sold 476 shares of Samuel Adams stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $167.00, for a total transaction of $79,492.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,249 shares of company stock valued at $6,298,141. Company insiders own 29.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in SAM. Russell Investments Group Ltd. lifted its stake in Samuel Adams by 83.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 11,591 shares of the company’s stock valued at $1,811,000 after acquiring an additional 5,260 shares during the period. Macquarie Group Ltd. acquired a new stake in Samuel Adams during the 3rd quarter valued at approximately $219,000. Legal & General Group Plc lifted its stake in Samuel Adams by 16.7% during the 3rd quarter. Legal & General Group Plc now owns 7,847 shares of the company’s stock valued at $1,227,000 after acquiring an additional 1,121 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Samuel Adams by 443.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 118,251 shares of the company’s stock valued at $18,802,000 after purchasing an additional 96,481 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Samuel Adams by 63.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 80,748 shares of the company’s stock valued at $12,613,000 after purchasing an additional 31,361 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.
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Samuel Adams 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 sells approximately 60 beers under the Samuel Adams brand names; 10 flavored malt beverages under the Twisted Tea brand name; 20 hard cider beverages under the Angry Orchard brand; 5 hard sparkling waters under the Truly Spiked & Sparkling brand name; and approximately 50 beers under 4 brand names.
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