Shares are trading at $175.55 barely above the 50 day moving average which is $161.48 and significantly higher than the 200 day moving average of $146.24. The 50 day moving average went up $14.07 or +8.71% and the 200 day average went up $29.31 or +20.04%. Trading volume for Boston Beer Company, Inc. (The) was 206K on Tuesday. Volume was up 72.19% over the stocks average daily volume.
Traders are a little more bullish on Boston Beer Company, Inc. (The) if you consider the change in short interest. The firm had a fall in short interest of -0.78% between September 15, 2017 and September 29, 2017. Short shares decreased from 2,695,152 to 2,674,177 over that period. With short interest at 2,674,177 and short average daily volume at 139,983, days to cover is 19.0 and the percentage of shorted shares is 0.22% as of September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (SAM). As of quarter end Mutual Of America Capital Management LLC had disposed of 127 shares trimming its stake by 1.8%. The value of the investment in SAM went from $941,000 to $1,093,000 a change of 16.2% for the reporting period. As of the end of the quarter State Treasurer State Of Michigan had sold a total of 400 shares trimming its holdings by 10.5%. The value of the investment in Boston Beer Company, Inc. (The) increased from $502,000 to $531,000 a change of $29,000 since the last quarter.
Profit Investment Management, LLC grew its stake by buying 2,932 shares an increase of 27.0% in the quarter. Profit Investment Management, LLC controls 13,785 shares with a value of $2,153,000. The total value of its holdings increased 50.1%. As of the end of the quarter Financial Architects, Inc had disposed of 16 shares trimming its position 94.1%. The value of the company’s investment in Boston Beer Company, Inc. (The) went from $2,000 to $0 decreasing 100.0% quarter over quarter.
On July 24 the company was rated “Sell” by Goldman Sachs which was a cut from the previous “Market Perform” rating. On September 15 analysts at Macquarie initiated coverage with a rating of “Underperform”.
On September 26 the company was upgraded from “Underperform” to “Neutral” by Credit Suisse.
The company’s P/E ratio is 24.98 and the market value is 2.10B. In the latest earnings report the EPS was $7.03 and is estimated to be $5.87 for the current year with 11,962,000 shares outstanding. Next quarter’s EPS is estimated at $1.25 and the next full year EPS is projected to be $6.37.
The Boston Beer Company, Inc., launched on August 17, 1995, is a craft brewer in the United States. The Company is involved in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment. The Boston Beer Company segment comprises of the Business’s Samuel Adams, Twisted Tea, Angry Orchard and Truly Spiked & Sparkling brands. The A&S Brewing Collaborative segment comprises of The Traveler Beer Company, Coney Island Brewing Company, Angel City Brewing Company and Concrete Beach Brewing Company. Both segments sell low alcohol beverages..