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

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have been given an average recommendation of “Hold” by the twelve ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $326.92.

Several equities research analysts have recently commented on the stock. Royal Bank of Canada reduced their price target on shares of Boston Beer from $332.00 to $318.00 and set a “sector perform” rating for the company in a research report on Friday, July 26th. Piper Sandler decreased their price target on shares of Boston Beer from $344.00 to $325.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boston Beer from $273.00 to $283.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th. Finally, Roth Mkm decreased their target price on Boston Beer from $395.00 to $389.00 and set a “buy” rating on the stock in a report on Friday, July 26th.

Boston Beer Stock Up 1.7 %

Shares of SAM stock opened at $298.81 on Friday. The firm has a market capitalization of $3.57 billion, a PE ratio of 37.49, a P/E/G ratio of 1.12 and a beta of 1.06. The company has a 50 day moving average price of $277.42 and a 200-day moving average price of $282.14. Boston Beer has a 52 week low of $254.40 and a 52 week high of $378.08.

Boston Beer (NYSE:SAM) last posted 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). The company had revenue of $579.10 million during the quarter, compared to the consensus estimate of $597.33 million. Boston Beer had a return on equity of 9.69% and a net margin of 4.39%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the firm posted $4.72 EPS. Analysts anticipate that Boston Beer will post 9.65 earnings per share for the current year.

Hedge Funds Weigh In On Boston Beer

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. LRI Investments LLC purchased a new stake in shares of Boston Beer in the first quarter worth about $28,000. ORG Partners LLC purchased a new stake in shares of Boston Beer during the 2nd quarter worth approximately $48,000. Sachetta LLC boosted its position in shares of 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 acquiring an additional 230 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Boston Beer by 61.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 250 shares of the company’s stock valued at $75,000 after purchasing an additional 95 shares in the last quarter. Finally, Quarry LP increased its position in Boston Beer by 984.0% in the second quarter. Quarry LP now owns 271 shares of the company’s stock worth $83,000 after purchasing an additional 246 shares during the last quarter. Institutional investors 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.