Shares of The Boston Beer Company, Inc. (NYSE:SAM – Get Free Report) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $314.82.
Several equities research analysts have commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $318.00 price target on shares of Boston Beer in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Boston Beer from $281.00 to $277.00 and set a “hold” rating on the stock in a research report on Thursday, October 24th. Roth Mkm reiterated a “buy” rating and issued a $389.00 price target on shares of Boston Beer in a research report on Wednesday, October 23rd. UBS Group boosted their price target on shares of Boston Beer from $300.00 to $309.00 in a research report on Thursday, October 24th. Finally, Jefferies Financial Group downgraded Boston Beer from a “buy” rating to a “hold” rating and cut their price objective for the stock from $355.00 to $325.00 in a report on Friday, October 25th.
Read Our Latest Report on Boston Beer
Hedge Funds Weigh In On Boston Beer
Boston Beer Trading Up 2.1 %
Shares of Boston Beer stock opened at $324.10 on Thursday. The company’s 50-day moving average price is $286.72 and its two-hundred day moving average price is $283.93. Boston Beer has a 52 week low of $254.40 and a 52 week high of $371.65. The stock has a market cap of $3.72 billion, a PE ratio of 47.66, a price-to-earnings-growth ratio of 1.22 and a beta of 1.06.
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.
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