Boston Beer Co Inc (SAM) was Initiated by Credit Suisse to “Underperform”. Credit Suisse advised their investors in a research report released on Sep 16, 2016.
On the company’s financial health, Boston Beer Co Inc reported $0.53 EPS for the quarter, missing the analyst consensus estimate by $ -0.44 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.97. The company had revenue of $188.80 million for the quarter, compared to analysts expectations of $198.15 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.
Boston Beer Co Inc closed down -3.33 points or -1.98% at $165.17 with 229,352 shares getting traded on Wednesday. Post opening the session at $169.57, the shares hit an intraday low of $163.9 and an intraday high of $169.86 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Sep 15, 2016, Martin F Roper (President and C.E.O.) sold 5,000 shares at $166.60 per share price. According to the SEC, on Aug 19, 2016, David L. Grinnell (Vice President of Brewing) sold 1,000 shares at $187.69 per share price. On Jun 13, 2016, John C Geist (Chief Sales Officer) sold 3,991 shares at $158.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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. As of December 31 2014 Boston Beer sold approximately 4.1 million barrels of its products. As of December 31 2014 the Company sold over sixty beers under the Samuel Adams or the Sam Adams brand names eleven flavored malt beverages under the Twisted Tea brand name ten hard cider beverages under the Angry Orchard brand name and over twenty beers under four of the brand names of its subsidiary Alchemy & Science. Boston Beer produces malt beverages and hard cider at the Company-owned breweries and under contract arrangements at other brewery locations.