Boston Beer Company Inc (SAM) Given Average Rating of “Hold” by Analysts

Boston Beer Company Inc (NYSE:SAM) has been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $264.18.

A number of equities analysts have recently issued reports on the company. Berenberg Bank set a $290.00 price objective on Boston Beer and gave the stock a “hold” rating in a research report on Tuesday, September 11th. ValuEngine upgraded Boston Beer from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 31st. Zacks Investment Research downgraded Boston Beer from a “buy” rating to a “hold” rating in a report on Monday, September 10th. Guggenheim initiated coverage on Boston Beer in a report on Thursday, September 13th. They issued a “buy” rating and a $381.00 target price for the company. Finally, Citigroup lifted their target price on Boston Beer from $285.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 29th.

In other Boston Beer news, Chairman C James Koch sold 10,000 shares of Boston Beer stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $318.68, for a total value of $3,186,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Quincy B. Troupe sold 700 shares of Boston Beer stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $298.80, for a total value of $209,160.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,700 shares of company stock valued at $10,801,835. 29.20% of the stock is currently owned by corporate insiders.



A number of institutional investors have recently made changes to their positions in the business. Amalgamated Bank grew its stake in Boston Beer by 14.0% in the second quarter. Amalgamated Bank now owns 1,376 shares of the company’s stock valued at $412,000 after acquiring an additional 169 shares during the period. Legal & General Group Plc grew its stake in Boston Beer by 2.3% in the third quarter. Legal & General Group Plc now owns 8,379 shares of the company’s stock valued at $2,409,000 after acquiring an additional 190 shares during the period. Stone Ridge Asset Management LLC grew its stake in Boston Beer by 17.2% in the third quarter. Stone Ridge Asset Management LLC now owns 1,364 shares of the company’s stock valued at $392,000 after acquiring an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Boston Beer by 28.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 940 shares of the company’s stock valued at $270,000 after acquiring an additional 209 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Boston Beer by 16.0% in the second quarter. Victory Capital Management Inc. now owns 1,631 shares of the company’s stock valued at $489,000 after acquiring an additional 225 shares during the period. 74.49% of the stock is owned by hedge funds and other institutional investors.

Shares of SAM traded down $0.17 during mid-day trading on Friday, reaching $273.19. 143,879 shares of the company were exchanged, compared to its average volume of 144,389. Boston Beer has a 52 week low of $160.40 and a 52 week high of $329.95. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 45.46, a price-to-earnings-growth ratio of 3.66 and a beta of 0.51.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, October 25th. The company reported $3.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.35 by ($0.14). Boston Beer had a return on equity of 18.00% and a net margin of 10.17%. The company had revenue of $326.85 million for the quarter, compared to the consensus estimate of $270.60 million. On average, research analysts predict that Boston Beer will post 7.48 EPS for the current fiscal year.

About Boston Beer

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It sells approximately 60 beers under the Samuel Adams brand names; 10 flavored malt beverages under the Twisted Tea brand name; 20 hard cider beverages under the Angry Orchard brand; 5 hard sparkling waters under the Truly Spiked & Sparkling brand name; and approximately 50 beers under 4 brand names.

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Analyst Recommendations for Boston Beer (NYSE:SAM)

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