Boston Beer’s (SAM) Buy Rating Reiterated at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Boston Beer (NYSE:SAM) in a research note released on Wednesday, Benzinga reports. They currently have a $389.00 price objective on the stock.

A number of other research analysts also recently weighed in on the company. Royal Bank of Canada lowered their price target on Boston Beer from $332.00 to $318.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Piper Sandler lowered their price target on Boston Beer from $344.00 to $325.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Boston Beer from $273.00 to $283.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. One investment 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. Based on data from MarketBeat.com, Boston Beer currently has a consensus rating of “Hold” and a consensus target price of $326.92.

Boston Beer Trading Up 2.0 %

Shares of SAM stock opened at $301.47 on Wednesday. Boston Beer has a 1-year low of $254.40 and a 1-year high of $378.08. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 37.83, a P/E/G ratio of 1.22 and a beta of 1.06. The stock’s fifty day simple moving average is $278.44 and its 200-day simple moving average is $282.03.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 25th. The company reported $4.39 earnings per share for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.60). Boston Beer had a net margin of 4.39% and a return on equity of 9.69%. The business had revenue of $579.10 million for the quarter, compared to analysts’ expectations of $597.33 million. During the same quarter in the prior year, the firm posted $4.72 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, sell-side analysts predict that Boston Beer will post 9.63 EPS for the current year.

Institutional Trading of Boston Beer

Large investors have recently made changes to their positions in the stock. LRI Investments LLC bought a new stake in shares of Boston Beer during the 1st quarter worth about $28,000. ORG Partners LLC bought a new stake in shares of Boston Beer during the 2nd quarter worth about $48,000. Sachetta LLC boosted its stake in shares of Boston Beer by 1,533.3% during the 2nd quarter. Sachetta LLC now owns 245 shares of the company’s stock worth $68,000 after acquiring an additional 230 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Boston Beer by 61.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 250 shares of the company’s stock worth $75,000 after acquiring an additional 95 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of Boston Beer by 984.0% during the 2nd quarter. Quarry LP now owns 271 shares of the company’s stock worth $83,000 after acquiring an additional 246 shares in the last quarter. Institutional investors own 81.13% of the company’s stock.

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.