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

The Boston Beer Company, Inc. (NYSE:SAM) has earned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $314.82.

A number of equities analysts recently weighed in on SAM shares. Jefferies Financial Group lowered shares of Boston Beer from a “buy” rating to a “hold” rating and reduced their target price for the stock from $355.00 to $325.00 in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a research report on Thursday, October 24th. Piper Sandler lifted their target price on Boston Beer from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Roth Mkm reaffirmed a “buy” rating and set a $389.00 price target on shares of Boston Beer in a research report on Wednesday, October 23rd. Finally, Needham & Company LLC assumed coverage on Boston Beer in a report on Friday, December 6th. They issued a “hold” rating for the company.

Boston Beer Stock Down 1.3 %

Boston Beer stock opened at $315.01 on Monday. The company has a 50 day moving average of $303.38 and a 200-day moving average of $290.15. Boston Beer has a twelve month low of $254.40 and a twelve month high of $371.65. The stock has a market capitalization of $3.62 billion, a PE ratio of 46.33, a price-to-earnings-growth ratio of 1.21 and a beta of 1.07.

Institutional Investors Weigh In On Boston Beer

Several hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd raised its holdings in Boston Beer by 36.6% in the 3rd quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after acquiring an additional 34 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Boston Beer by 105.1% during the third quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after purchasing an additional 62 shares during the period. Great Valley Advisor Group Inc. boosted its stake in Boston Beer by 8.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 867 shares of the company’s stock valued at $251,000 after purchasing an additional 68 shares during the period. National Bank of Canada FI boosted its stake in Boston Beer by 10.0% in the 3rd quarter. National Bank of Canada FI now owns 793 shares of the company’s stock valued at $229,000 after purchasing an additional 72 shares during the period. Finally, Los Angeles Capital Management LLC grew its holdings in Boston Beer by 0.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 14,729 shares of the company’s stock valued at $4,493,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

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.