Boston Beer (SAM) in Focus: Stock Slumps 10.3% – Tale of the Tape

Zacks

Boston Beer Co. Inc. (SAM) saw a big move last session, as the company’s shares fell by over 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $302.26 to $319.20 in the past one-month time frame.

On Feb 24, 2015, Boston Beer released lower-than-expected fourth-quarter 2014 results.

The beverage-alcohols company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

SAM currently has a Zacks Rank #3 (Hold).

Another better-ranked stock in the same sector is Constellation Brands Inc. (STZ) with a Zacks Rank #2 (Buy).

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