Boston Beer Reaches New 52-Week High (SAM)

NEW YORK ( TheStreet) -- Boston Beer Company (NYSE: SAM) hit a new 52-week high Tuesday as it is currently trading at $115.59, above its previous 52-week high of $115.49 with 52,899 shares traded as of 10:30 a.m. ET. Average volume has been 116,000 shares over the past 30 days.

Boston Beer has a market cap of $976 million and is part of the consumer goods sector and food & beverage industry. Shares are up 2.3% year to date as of the close of trading on Monday.

The Boston Beer Company, Inc. engages in the production and sale of alcohol beverages primarily in the United States, Canada, Europe, Israel, the Caribbean, the Pacific Rim, and Mexico. The company has a P/E ratio of 21.8, equal to the average food & beverage industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Boston Beer as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Boston Beer Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.