Boston Beer (SAM) Expected to Announce Quarterly Earnings on Tuesday

Boston Beer (NYSE:SAM) will likely be announcing its earnings results after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of ($1.21) per share and revenue of $389.17 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Boston Beer Stock Up 0.8 %

SAM opened at $226.95 on Friday. The firm has a market cap of $2.61 billion, a PE ratio of 33.38, a P/E/G ratio of 1.23 and a beta of 1.06. The business has a fifty day simple moving average of $263.99 and a 200-day simple moving average of $281.45. Boston Beer has a fifty-two week low of $222.27 and a fifty-two week high of $371.65.

Wall Street Analysts Forecast Growth

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