Revenue Update on Boston Beer Co Inc(NYSE:SAM)

Boston Beer Co Inc(NYSE:SAM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $244.82M. Analysts estimated a revenue of $240.19M. Earnings per share were $2.06. Analysts had estimated an EPS of $1.95.

In a different note, On May 19, 2016, Berenberg said it Upgrades its rating on Boston Beer Co Inc. The shares have been rated ‘Hold’ by the firm. On Apr 27, 2016, Tigress Financial said it Downgrades its rating on Boston Beer Co Inc. The shares have been rated ‘Neutral’ by the firm. On Apr 25, 2016, Citigroup said it Maintains its rating on Boston Beer Co Inc. In the research note, the firm Lowers the price-target to $186.00 per share. The shares have been rated ‘Neutral’ by the firm.

Boston Beer Co Inc (SAM) made into the market gainers list on Wednesdays trading session with the shares advancing 0.80% or 1.32 points. Due to strong positive momentum, the stock ended at $165.99, which is also near the day’s high of $167.09. The stock began the session at $164.11 and the volume stood at 1,42,468 shares. The 52-week high of the shares is $260.51 and the 52 week low is $145.3295. The company has a current market capitalization of $2,109 M and it has 1,27,02,969 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, David L. Grinnell (Vice President of Brewing) sold 1,000 shares at $156.23 per share price.Also, On Jun 13, 2016, John C Geist (Chief Sales Officer) sold 3,991 shares at $158.00 per share price.On May 13, 2016, David A Burwick (director) sold 5,000 shares at $153.27 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.

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