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

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have been assigned an average rating of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $326.92.

A number of equities research analysts have commented on SAM shares. Piper Sandler reduced their target price on Boston Beer from $344.00 to $325.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Morgan Stanley raised shares of Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 target price on the stock in a research report on Wednesday, June 5th. Roth Mkm lowered their target price on shares of Boston Beer from $395.00 to $389.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Jefferies Financial Group raised shares of Boston Beer from a “hold” rating to a “buy” rating and boosted their price target for the company from $335.00 to $360.00 in a research note on Tuesday, May 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Boston Beer from $273.00 to $283.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new position in shares of Boston Beer in the 1st quarter valued at about $28,000. Seven Eight Capital LP raised its holdings in Boston Beer by 160.0% during the first quarter. Seven Eight Capital LP now owns 4,940 shares of the company’s stock worth $1,504,000 after purchasing an additional 3,040 shares in the last quarter. Trexquant Investment LP lifted its position in shares of Boston Beer by 136.3% during the 4th quarter. Trexquant Investment LP now owns 13,171 shares of the company’s stock worth $4,552,000 after buying an additional 7,598 shares during the last quarter. Natixis acquired a new position in shares of Boston Beer in the 1st quarter valued at $3,044,000. Finally, Commerce Bank purchased a new position in shares of Boston Beer in the 4th quarter valued at $402,000. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Stock Up 0.2 %

NYSE SAM opened at $280.65 on Friday. The business’s fifty day simple moving average is $281.31 and its 200-day simple moving average is $289.87. The firm has a market cap of $3.29 billion, a PE ratio of 35.21, a P/E/G ratio of 1.11 and a beta of 1.06. Boston Beer has a 52 week low of $254.40 and a 52 week high of $395.52.

Boston Beer (NYSE:SAM) last issued its earnings results on Thursday, July 25th. The company reported $4.39 EPS for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.60). Boston Beer had a return on equity of 9.69% and a net margin of 4.39%. The firm had revenue of $579.10 million for the quarter, compared to analysts’ expectations of $597.33 million. During the same period last year, the firm earned $4.72 earnings per share. Boston Beer’s revenue for the quarter was down 4.0% on a year-over-year basis. Research analysts expect that Boston Beer will post 9.65 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.