A share price of Boston Beer Co., Inc. [SAM] is currently trading at $295.56, up 1.59%. An important factor to consider is whether the stock is rising or falling in short-term value. The SAM shares have gain 3.42% over the last week, with a monthly amount glided 5.43%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Boston Beer Co., Inc. [NYSE: SAM] stock has seen the most recent analyst activity on June 05, 2024, when Morgan Stanley upgraded its rating to a Equal-Weight but kept the price target unchanged to $290 for it. Previously, Deutsche Bank upgraded its rating to Hold on May 08, 2024, and kept the price target unchanged to $273. On March 22, 2024, Piper Sandler initiated with a Overweight rating and assigned a price target of $350 on the stock. Bernstein upgraded its rating to a Mkt Perform and increased its price target to $335 on January 16, 2024. Jefferies initiated its recommendation with a Hold and recommended $375 as its price target on November 13, 2023. TD Cowen reiterated a Market Perform rating for this stock on July 19, 2023, and downed its price target to $300. In a note dated May 30, 2023, ROTH MKM upgraded an Buy rating on this stock and boosted its target price from $274 to $386.
Boston Beer Co., Inc. experienced fluctuations in its stock price throughout the past year between $254.40 and $395.52. Currently, Wall Street analysts expect the stock to reach $361.46 within the next 12 months. Boston Beer Co., Inc. [NYSE: SAM] shares were valued at $295.56 at the most recent close of the market. An investor can expect a potential return of 22.3% based on the average SAM price forecast.
Analyzing the SAM fundamentals
Trailing Twelve Months sales for Boston Beer Co., Inc. [NYSE:SAM] were 2.02B which represents 3.92% growth. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.09 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 291.04 points at the first support level, and at 286.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 298.07, and for the 2nd resistance point, it is at 300.59.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Boston Beer Co., Inc. [NYSE:SAM] is 2.14. On the other hand, the Quick Ratio is 1.45, and the Cash Ratio is 0.97. Considering the valuation of this stock, the price to sales ratio is 1.74, the price to book ratio is 3.38 and price to earnings (TTM) ratio is 37.01.
Transactions by insiders
Recent insider trading involved O’Boyle Carolyn L., Chief People Officer, that happened on Apr 01 ’24 when 101.0 shares were sold. Chief People Officer, O’Boyle Carolyn L. completed a deal on Mar 01 ’24 to sell 102.0 shares. Meanwhile, Chief People Officer O’Boyle Carolyn L. sold 102.0 shares on Feb 01 ’24.
