Recent exceptional negative changes in investment behavior have affected The Boston Beer Co Inc. (NYSE: SAM): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, its longer term price trend turned down, and negative upside/downside volume developed.
Positive development: the consensus estimate for December, 2024 increased significantly. Negative development: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SAM is expected to be a Value Builder.
Boston Beer has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Boston Beer has a poor Appreciation Score of 25 but a slightly positive Power Rating of 61, leading to the Negative Value Trend Rating.
Recent Price Action
On 3/4/24, The Boston Beer Co Inc. (NYSE: SAM) stock declined modestly by -1.6%, closing at $299.64. Moreover, this decline was accompanied by above average trading volume at 122% of normal. The stock has declined -15.5% during the last week but has been strong relative to the market over the last nine months.
Be the first to comment