Boston Beer Company Inc (NYSE:SAM) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 12, 2016
Boasting a price of $163.71, Boston Beer Company Inc (NYSE:SAM) traded 2.89% higher on the day. With the last stock price close down -3.14% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Boston Beer Company Inc has recorded a 50-day average of $167.51 and a two hundred day average of $168.08. Volume of trade was up over the average, with 205,885 shares of SAM changing hands over the typical 198,917
Zacks Investment Research has downgraded Boston Beer Company Inc (NYSE:SAM) to Sell in a statement released on 10/12/2016.
With a market cap of $0, Boston Beer Company Inc has 52 week low of $145.33 and a 52 week high of $260.51 with a P/E ratio of 24.38 .
In addition to Zacks Investment Research reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $156.00 with zero analysts rating the company a strong buy, one analyst rating the company a buy, seven analysts rating the company a hold, two equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis About Boston Beer Company Inc (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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