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

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

NYSE SAM traded up $11.14 during trading on Friday, reaching $358.29. 125,428 shares of the company traded hands, compared to its average volume of 190,674. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.79 and a current ratio of 1.45. The stock’s 50 day moving average price is $373.79 and its two-hundred day moving average price is $431.78. The company has a market cap of $4.40 billion, a price-to-earnings ratio of -81.62 and a beta of 0.80. Boston Beer has a 1-year low of $325.53 and a 1-year high of $1,133.80.

Boston Beer (NYSE:SAM – Get Rating) last posted its earnings results on Thursday, April 21st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $430.11 million during the quarter, compared to the consensus estimate of $444.80 million. During the same quarter last year, the firm posted $4.58 EPS. The business’s revenue was down 21.1% on a year-over-year basis. Equities research analysts expect that Boston Beer will post 12.54 EPS for the current fiscal year.

A number of research firms have issued reports on SAM. StockNews.com began coverage on shares of Boston Beer in a report on Thursday, March 31st. They set a “sell” rating for the company. Zacks Investment Research downgraded Boston Beer from a “hold” rating to a “strong sell” rating and set a $322.00 target price on the stock. in a research report on Monday, February 21st. Guggenheim decreased their target price on Boston Beer from $660.00 to $520.00 and set a “buy” rating on the stock in a research report on Wednesday, April 20th. MKM Partners decreased their target price on Boston Beer from $475.00 to $440.00 in a research report on Friday, January 14th. Finally, Credit Suisse Group decreased their target price on Boston Beer from $670.00 to $620.00 and set an “outperform” rating on the stock in a research report on Friday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $603.69.

In other Boston Beer news, insider John C. Geist sold 1,008 shares of the company’s stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $387.98, for a total transaction of $391,083.84. Following the completion of the sale, the insider now directly owns 4,752 shares in the company, valued at $1,843,680.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.30% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Mine & Arao Wealth Creation & Management LLC. bought a new position in shares of Boston Beer in the third quarter valued at approximately $25,000. FNY Investment Advisers LLC bought a new position in shares of Boston Beer in the fourth quarter valued at approximately $25,000. Concord Wealth Partners raised its stake in shares of Boston Beer by 1,733.3% in the fourth quarter. Concord Wealth Partners now owns 55 shares of the company’s stock valued at $28,000 after acquiring an additional 52 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Boston Beer by 166.7% in the first quarter. Meeder Asset Management Inc. now owns 72 shares of the company’s stock valued at $28,000 after acquiring an additional 45 shares during the last quarter. Finally, Cornerstone Advisory LLC bought a new position in shares of Boston Beer in the fourth quarter valued at approximately $30,000. Institutional investors own 62.12% of the company’s stock.

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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