Analysts Set The Boston Beer Company, Inc. (NYSE:SAM) PT at $326.92

The Boston Beer Company, Inc. (NYSE:SAM) has received a consensus rating of “Hold” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $317.55.

SAM has been the subject of several research analyst reports. Royal Bank of Canada dropped their price objective on Boston Beer from $332.00 to $318.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Roth Mkm reiterated a “buy” rating and issued a $389.00 price objective on shares of Boston Beer in a report on Wednesday. UBS Group increased their price objective on Boston Beer from $300.00 to $309.00 in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price objective on Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a report on Thursday. Finally, Piper Sandler decreased their target price on 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAM. LRI Investments LLC bought a new position in Boston Beer during the 1st quarter valued at approximately $28,000. ORG Partners LLC bought a new position in Boston Beer during the 2nd quarter valued at approximately $48,000. Sachetta LLC increased its position in Boston Beer by 1,533.3% during the 2nd quarter. Sachetta LLC now owns 245 shares of the company’s stock valued at $68,000 after buying an additional 230 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in Boston Beer by 61.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 250 shares of the company’s stock valued at $75,000 after buying an additional 95 shares in the last quarter. Finally, Quarry LP boosted its stake in Boston Beer by 984.0% during the 2nd quarter. Quarry LP now owns 271 shares of the company’s stock valued at $83,000 after purchasing an additional 246 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.

Boston Beer Price Performance

Shares of SAM stock opened at $301.75 on Friday. Boston Beer has a 1-year low of $254.40 and a 1-year high of $378.08. The business has a 50-day moving average of $279.44 and a 200 day moving average of $282.31. The stock has a market capitalization of $3.54 billion, a PE ratio of 39.50, a P/E/G ratio of 1.23 and a beta of 1.06.

Boston Beer (NYSE:SAM) last released its quarterly earnings data 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 return on equity of 9.69% and a net margin of 4.39%. The business had revenue of $579.10 million during the quarter, compared to analysts’ expectations of $597.33 million. During the same quarter last year, the business posted $4.72 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Analysts anticipate that Boston Beer will post 9.63 EPS for the current year.

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.