Boston Beer Co Inc (NYSE:SAM) – Stock analysts at CLSA lowered their FY2016 EPS estimates for shares of Boston Beer Co in a report issued on Friday, according to Zacks Investment Research. CLSA analyst C. Levy now expects that the brokerage will post earnings of $8.00 per share for the year, down from their prior estimate of $8.26. The consensus estimate for Boston Beer Co’s FY2016 earnings is $8.01 per share. CLSA also issued estimates for Boston Beer Co’s FY2017 earnings at $9.25 EPS.

SAM has been the topic of a number of other research reports. Jefferies Group increased their target price on shares of Boston Beer Co to $261.00 and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Zacks Investment Research upgraded shares of Boston Beer Co from a “hold” rating to a “buy” rating and set a $287.00 price target on the stock in a research report on Tuesday, October 27th. Nomura lowered shares of Boston Beer Co from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $260.00 to $200.00 in a research report on Monday, January 11th. Cowen and Company reiterated a “market perform” rating and set a $250.00 price target (up previously from $230.00) on shares of Boston Beer Co in a research report on Monday, October 19th. Finally, Goldman Sachs upgraded shares of Boston Beer Co from a “sell” rating to a “neutral” rating and increased their price target for the stock from $208.00 to $244.00 in a research report on Tuesday, October 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $228.75.

Boston Beer Co (NYSE:SAM) traded down 1.67% during mid-day trading on Monday, reaching $175.82. 61,938 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $186.49 and a 200-day moving average of $213.07. Boston Beer Co has a 12 month low of $160.84 and a 12 month high of $319.94. The firm has a market cap of $2.27 billion and a price-to-earnings ratio of 23.67.

In related news, insider Martin F. Roper sold 1,600 shares of the stock in a transaction that occurred on Thursday, December 10th. The shares were sold at an average price of $220.01, for a total value of $352,016.00. Following the completion of the transaction, the insider now owns 1,030 shares of the company’s stock, valued at approximately $226,610.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John C. Geist sold 8,000 shares of the stock in a transaction that occurred on Wednesday, January 6th. The shares were sold at an average price of $191.01, for a total transaction of $1,528,080.00. Following the completion of the transaction, the insider now directly owns 443 shares of the company’s stock, valued at approximately $84,617.43. The disclosure for this sale can be found here.

The Boston Beer Company, Inc. (NYSE:SAM) 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.

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