Boston Beer (NYSE:SAM) Hits New 12-Month Low – Should You Sell?

Shares of The Boston Beer Company, Inc. (NYSE:SAM) hit a new 52-week low during trading on Monday . The company traded as low as $253.13 and last traded at $256.52, with a volume of 6533 shares. The stock had previously closed at $256.05.

Analyst Upgrades and Downgrades

SAM has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Boston Beer from $300.00 to $309.00 in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reduced their price target on Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a report on Thursday, October 24th. Jefferies Financial Group downgraded Boston Beer from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $355.00 to $325.00 in a report on Friday, October 25th. Royal Bank of Canada reiterated a “sector perform” rating and set a $318.00 target price on shares of Boston Beer in a research note on Friday, October 25th. Finally, Roth Mkm restated a “buy” rating and issued a $389.00 price target on shares of Boston Beer in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $314.82.

Boston Beer Price Performance

The stock’s fifty day simple moving average is $305.76 and its two-hundred day simple moving average is $290.29. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 1.21 and a beta of 1.08.

Institutional Trading of Boston Beer

A number of institutional investors and hedge funds have recently made changes to their positions in SAM. First Horizon Advisors Inc. lifted its position in Boston Beer by 105.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock valued at $35,000 after purchasing an additional 62 shares during the last quarter. Covestor Ltd boosted its stake in Boston Beer by 36.6% during the third quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after buying an additional 34 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Boston Beer by 59.3% during the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock valued at $39,000 after purchasing an additional 48 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of Boston Beer in the 3rd quarter worth approximately $47,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Boston Beer in the third quarter worth approximately $49,000. 81.13% of the stock is currently owned by institutional investors and hedge funds.

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 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.