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

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have received an average recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $286.12.

SAM has been the topic of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $279.00 price objective on shares of Boston Beer in a research report on Tuesday, April 22nd. Cfra Research upgraded Boston Beer from a “moderate sell” rating to a “moderate buy” rating in a research note on Thursday, April 24th. Roth Mkm reissued a “buy” rating and set a $349.00 price objective (down from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. UBS Group raised their target price on Boston Beer from $265.00 to $279.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Finally, StockNews.com raised Boston Beer from a “hold” rating to a “buy” rating in a research report on Friday, April 25th.

Institutional Trading of Boston Beer

Institutional investors and hedge funds have recently modified their holdings of the business. Rossby Financial LCC bought a new position in shares of Boston Beer in the first quarter worth approximately $25,000. Blue Trust Inc. increased its holdings in shares of Boston Beer by 405.6% in the 4th quarter. Blue Trust Inc. now owns 91 shares of the company’s stock worth $26,000 after buying an additional 73 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Boston Beer by 2,225.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company’s stock valued at $28,000 after buying an additional 89 shares in the last quarter. Elequin Capital LP bought a new stake in shares of Boston Beer during the 1st quarter worth $30,000. Finally, GeoWealth Management LLC purchased a new position in Boston Beer in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Trading Down 0.6%

Shares of Boston Beer stock opened at $238.86 on Thursday. The business’s fifty day simple moving average is $238.36 and its 200 day simple moving average is $264.78. Boston Beer has a 12 month low of $215.10 and a 12 month high of $339.77. The firm has a market capitalization of $2.66 billion, a P/E ratio of 35.13, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14.

Boston Beer (NYSE:SAM) last announced its earnings results on Thursday, April 24th. The company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $1.38. The firm had revenue of $481.36 million during the quarter, compared to analyst estimates of $436.27 million. Boston Beer had a return on equity of 11.76% and a net margin of 3.82%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.04 EPS. Analysts predict that Boston Beer will post 9.29 EPS for the current fiscal 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.