Boston Beer Company, Inc. (The) (SAM) Given Consensus Recommendation of “Hold” by Analysts

Boston Beer Company, Inc. (The) (NYSE:SAM) has earned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $140.57.

A number of research firms have issued reports on SAM. Credit Suisse Group raised their price target on shares of Boston Beer Company, Inc. (The) from $150.00 to $151.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Zacks Investment Research cut shares of Boston Beer Company, Inc. (The) from a “strong-buy” rating to a “hold” rating in a report on Monday, October 16th. BidaskClub raised shares of Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Macquarie initiated coverage on shares of Boston Beer Company, Inc. (The) in a research note on Thursday, September 14th. They issued an “underperform” rating and a $140.00 price objective on the stock. Finally, Berenberg Bank reiterated a “sell” rating and issued a $124.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Monday, September 18th.

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Several large investors have recently added to or reduced their stakes in the company. Aperio Group LLC increased its stake in shares of Boston Beer Company, Inc. (The) by 22.5% in the third quarter. Aperio Group LLC now owns 5,392 shares of the company’s stock worth $842,000 after acquiring an additional 992 shares during the period. Cardinal Capital Management grew its position in Boston Beer Company, Inc. (The) by 23.6% during the third quarter. Cardinal Capital Management now owns 3,092 shares of the company’s stock valued at $482,000 after buying an additional 591 shares during the period. First Trust Advisors LP grew its position in Boston Beer Company, Inc. (The) by 37.7% during the third quarter. First Trust Advisors LP now owns 10,801 shares of the company’s stock valued at $1,687,000 after buying an additional 2,958 shares during the period. Boston Advisors LLC acquired a new stake in Boston Beer Company, Inc. (The) during the third quarter valued at $335,000. Finally, Smith Graham & Co. Investment Advisors LP grew its position in Boston Beer Company, Inc. (The) by 14.5% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 54,108 shares of the company’s stock valued at $8,452,000 after buying an additional 6,870 shares during the period. Hedge funds and other institutional investors own 71.02% of the company’s stock.

Shares of Boston Beer Company, Inc. (SAM) opened at 176.05 on Friday. The firm has a 50-day moving average of $162.79 and a 200-day moving average of $146.76. The company has a market cap of $2.11 billion, a P/E ratio of 25.05 and a beta of 0.56. Boston Beer Company, Inc. has a 52-week low of $128.70 and a 52-week high of $181.20.

Boston Beer Company, Inc. (The) (NYSE:SAM) last posted its quarterly earnings results on Thursday, October 26th. The company reported $2.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.79. The business had revenue of $247.04 million during the quarter, compared to analysts’ expectations of $256.73 million. Boston Beer Company, Inc. (The) had a net margin of 9.65% and a return on equity of 20.19%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the company posted $2.48 earnings per share. Equities research analysts forecast that Boston Beer Company, Inc. will post $5.87 earnings per share for the current year.

About Boston Beer Company, Inc. (The)

The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.

Analyst Recommendations for Boston Beer Company, Inc. (The) (NYSE:SAM)

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