The Boston Beer Company, Inc. (NYSE:SAM) Receives Average Rating of “Hold” from Analysts

The Boston Beer Company, Inc. (NYSE:SAM) has earned a consensus recommendation of “Hold” from the twelve research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $326.92.

Several equities research analysts recently weighed in on the stock. Morgan Stanley upgraded shares of Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 price objective on the stock in a research note on Wednesday, June 5th. StockNews.com cut Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, June 12th. Royal Bank of Canada lowered their target price on Boston Beer from $332.00 to $318.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Boston Beer from $273.00 to $283.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Finally, Piper Sandler decreased their target price on shares of Boston Beer from $344.00 to $325.00 and set an “overweight” rating for the company in a research report on Friday, July 26th.

Institutional Investors Weigh In On Boston Beer

Institutional investors have recently made changes to their positions in the stock. Gilbert & Cook Inc. boosted its position in shares of Boston Beer by 8.3% during the fourth quarter. Gilbert & Cook Inc. now owns 1,204 shares of the company’s stock worth $416,000 after buying an additional 92 shares during the period. BNP Paribas Financial Markets lifted its position in Boston Beer by 49.1% during the fourth quarter. BNP Paribas Financial Markets now owns 3,864 shares of the company’s stock worth $1,335,000 after acquiring an additional 1,272 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Boston Beer by 5.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 142,014 shares of the company’s stock valued at $49,080,000 after buying an additional 7,615 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Boston Beer by 38.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 868 shares of the company’s stock valued at $300,000 after acquiring an additional 239 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Boston Beer during the 4th quarter worth approximately $13,879,000. 81.13% of the stock is owned by institutional investors and hedge funds.

Boston Beer Trading Down 0.4 %

Shares of SAM opened at $288.10 on Wednesday. The stock’s fifty day simple moving average is $276.00 and its 200 day simple moving average is $283.90. The firm has a market capitalization of $3.38 billion, a P/E ratio of 36.15, a price-to-earnings-growth ratio of 1.16 and a beta of 1.05. Boston Beer has a twelve month low of $254.40 and a twelve month high of $395.52.

Boston Beer (NYSE:SAM) last announced its earnings results on Thursday, July 25th. The company reported $4.39 earnings per share for the quarter, missing the consensus estimate of $4.99 by ($0.60). Boston Beer had a net margin of 4.39% and a return on equity of 9.69%. The firm had revenue of $579.10 million during the quarter, compared to analysts’ expectations of $597.33 million. During the same quarter last year, the company posted $4.72 earnings per share. Boston Beer’s revenue for the quarter was down 4.0% compared to the same quarter last year. Sell-side analysts predict that Boston Beer will post 9.65 earnings per share for the current year.

Boston Beer Company Profile

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 offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.