The Boston Beer Company, Inc. (NYSE:SAM) Short Interest Up 58.5% in April

The Boston Beer Company, Inc. (NYSE:SAMGet Rating) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 583,500 shares, an increase of 58.5% from the April 15th total of 368,100 shares. Approximately 6.2% of the shares of the company are short sold. Based on an average daily trading volume, of 167,600 shares, the short-interest ratio is currently 3.5 days.

Shares of NYSE SAM traded up $11.14 during trading on Friday, hitting $358.29. The company had a trading volume of 125,428 shares, compared to its average volume of 190,674. The company has a market cap of $4.40 billion, a P/E ratio of -81.62 and a beta of 0.80. Boston Beer has a 52 week low of $325.53 and a 52 week high of $1,133.80. The business’s 50-day moving average is $373.79 and its 200 day moving average is $431.78. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.79 and a current ratio of 1.45.

Boston Beer (NYSE:SAMGet Rating) last posted its quarterly earnings results on Thursday, April 21st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($2.21). Boston Beer had a negative net margin of 2.64% and a positive return on equity of 9.05%. The company had revenue of $430.11 million during the quarter, compared to the consensus estimate of $444.80 million. During the same period in the prior year, the company posted $4.58 EPS. Boston Beer’s quarterly revenue was down 21.1% on a year-over-year basis. On average, research analysts expect that Boston Beer will post 12.54 EPS for the current year.

Several equities analysts have recently issued reports on SAM shares. Zacks Investment Research downgraded Boston Beer from a “hold” rating to a “strong sell” rating and set a $322.00 price objective for the company. in a research report on Monday, February 21st. Guggenheim reduced their price objective on Boston Beer from $660.00 to $520.00 and set a “buy” rating for the company in a research report on Wednesday, April 20th. Deutsche Bank Aktiengesellschaft reduced their price objective on Boston Beer from $420.00 to $337.00 and set a “hold” rating for the company in a research report on Friday, April 22nd. Credit Suisse Group cut their target price on Boston Beer from $670.00 to $620.00 and set an “outperform” rating for the company in a research report on Friday, April 22nd. Finally, TheStreet downgraded Boston Beer from a “c” rating to a “d+” rating in a research report on Thursday, April 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $603.69.

In other news, insider John C. Geist sold 1,008 shares of the business’s stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $387.98, for a total transaction of $391,083.84. Following the completion of the transaction, the insider now directly owns 4,752 shares in the company, valued at $1,843,680.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 23.30% of the company’s stock.

Large investors have recently made changes to their positions in the business. Tobam raised its stake in Boston Beer by 337.7% during the 3rd quarter. Tobam now owns 57,040 shares of the company’s stock valued at $29,076,000 after purchasing an additional 44,007 shares during the period. Sweet Financial Partners LLC acquired a new stake in Boston Beer during the 4th quarter valued at $253,000. Cardinal Capital Management raised its stake in Boston Beer by 4.3% during the 4th quarter. Cardinal Capital Management now owns 1,884 shares of the company’s stock valued at $952,000 after purchasing an additional 77 shares during the period. Commerce Bank raised its stake in Boston Beer by 103.6% during the 3rd quarter. Commerce Bank now owns 1,230 shares of the company’s stock valued at $627,000 after purchasing an additional 626 shares during the period. Finally, TD Asset Management Inc. raised its stake in Boston Beer by 113.0% during the 4th quarter. TD Asset Management Inc. now owns 78,165 shares of the company’s stock valued at $39,481,000 after purchasing an additional 41,468 shares during the period. 62.12% of the stock is currently owned by institutional investors.

Boston Beer Company Profile (Get Rating)

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, and hard seltzers under the Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, Concrete Beach brand names.

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