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

Boston Beer Co Inc(NYSE:SAM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $219.370M. Analysts estimated a revenue of $214.970M. The revenues were 2.05% above the estimates. Earnings per share were $1.75. The reported EPS was above estimates by 41.13%. Analysts had estimated an EPS of $1.24.

In a different note, On Jan 9, 2017, William Blair said it Downgrades its rating on Boston Beer Co Inc. The shares have been rated ‘Market Perform’ by the firm.

Boston Beer Co Inc (SAM) shares turned negative on Wednesdays trading session with the shares closing down -1.9 points or -1.13% at a volume of 1,55,356. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $171.85. The peak price level was also seen at $171.85 while the days lowest was $166.5. Finally the shares closed at $166.85. The 52-week high of the shares is $202.77 while the 52-week low is $145.3. According to the latest information available, the market cap of the company is $2,095 M.

Several Insider Transactions has been reported to the SEC. On Feb 7, 2017, Martin F Roper (President and C.E.O.) sold 773 shares at $155.54 per share price.Also, On Jan 9, 2017, Tara L. Heath (Vice President, Legal) sold 39 shares at $169.68 per share price.On Jan 5, 2017, John C Geist (Chief Sales Officer) sold 8,000 shares at $174.01 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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