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 that are interested in participating in the company’s conference call can do so using this link.

Boston Beer Price Performance

Shares of SAM stock opened at $226.95 on Friday. Boston Beer has a 12-month low of $222.27 and a 12-month high of $371.65. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 33.38, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The business has a 50 day simple moving average of $263.99 and a 200 day simple moving average of $281.45.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SAM shares. Needham & Company LLC started coverage on Boston Beer in a report on Friday, December 6th. They issued a “hold” rating for the company. UBS Group decreased their price objective on Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Piper Sandler lowered Boston Beer from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $370.00 to $275.00 in a report on Thursday, January 23rd. StockNews.com lowered Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Finally, Citigroup decreased their price target on Boston Beer from $335.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $302.90.

About Boston Beer

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.