Boston Beer Co (NYSE:SAM) has been downgraded from Hold to Sell in a statement by Berenberg earlier today.
- Updated: October 14, 2016
Boasting a price of $163.18, Boston Beer Co (NYSE:SAM) traded -5.01% lower on the day. With the last stock price close down -7.74% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Boston Beer Co has recorded a 50-day average of $165.90 and a two hundred day average of $168.01. Volume of trade was down over the average, with 133,159 shares of SAM changing hands under the typical 201,258
Berenberg has downgraded Boston Beer Co (NYSE:SAM) from Hold to Sell in a statement released on 10/14/2016.
With a total market value of $0, Boston Beer Co has price-earnings ratio of 23.21 with a one year low of $145.33 and a one year high of $260.51 .
A total of 8 equity analysts have released a ratings update on SAM. zero equity analysts rating the company a strong buy, one equity analyst rating the company a buy, seven equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $156.00.
Brief Synopsis About Boston Beer Co (NYSE:SAM)
The Boston Beer Company, Inc. (Boston Beer) 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 international markets. The Company operates through two segments: Boston Beer Company segment and A&S Brewing Collaborative segment. The Boston Beer Company operating segment comprises of the Company's Samuel Adams, Twisted Tea and Angry Orchard brands. The A&S Brewing Collaborative operating segment comprises of The Traveler Beer Company, Coney Island Brewing Company, Angel City Brewing Company and Concrete Beach Brewing Company. It sells over 60 beers under the Samuel Adams and the Sam Adams brand names, over 10 flavored malt beverages under the Twisted Tea brand name, over 10 hard cider beverages under the Angry Orchard brand name and approximately 40 beers under over four of the brand names of its subsidiary, A&S Brewing Collaborative LLC, under its trade name Alchemy & Science.
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