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

The Boston Beer Company, Inc. (NYSE:SAMGet Free Report) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $350.31.

A number of research firms have recently commented on SAM. UBS Group dropped their price objective on Boston Beer from $408.00 to $390.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Sanford C. Bernstein raised Boston Beer from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $280.00 to $335.00 in a report on Tuesday, January 16th. Wedbush increased their price target on Boston Beer from $370.00 to $378.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Jefferies Financial Group began coverage on Boston Beer in a research note on Monday, November 13th. They issued a “hold” rating and a $375.00 price target on the stock. Finally, Morgan Stanley increased their target price on Boston Beer from $270.00 to $285.00 and gave the stock an “underweight” rating in a report on Friday, October 27th.

Read Our Latest Analysis on SAM

Insider Buying and Selling

In other news, insider Carolyn L. O’boyle sold 102 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $344.83, for a total value of $35,172.66. Following the completion of the transaction, the insider now owns 2,732 shares of the company’s stock, valued at $942,075.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 306 shares of company stock valued at $107,146. Corporate insiders own 23.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SAM. Covestor Ltd increased its position in Boston Beer by 88.4% in the third quarter. Covestor Ltd now owns 81 shares of the company’s stock worth $32,000 after buying an additional 38 shares during the period. Eagle Bay Advisors LLC acquired a new stake in shares of Boston Beer during the 2nd quarter worth approximately $32,000. Amundi boosted its stake in Boston Beer by 75.6% in the fourth quarter. Amundi now owns 158 shares of the company’s stock worth $54,000 after purchasing an additional 68 shares in the last quarter. First Command Advisory Services Inc. acquired a new position in Boston Beer in the third quarter valued at about $56,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Boston Beer during the third quarter valued at approximately $59,000. Institutional investors and hedge funds own 64.10% of the company’s stock.

Boston Beer Price Performance

NYSE SAM opened at $356.40 on Tuesday. Boston Beer has a fifty-two week low of $296.27 and a fifty-two week high of $396.20. The stock’s 50-day moving average is $350.50 and its two-hundred day moving average is $356.34. The firm has a market cap of $4.34 billion, a P/E ratio of 52.72, a price-to-earnings-growth ratio of 1.04 and a beta of 1.09.

Boston Beer Company Profile

(Get Free Report

The Boston Beer Company, Inc engages in the production and sale of 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 Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, and Havana Lager brand names.

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Analyst Recommendations for Boston Beer (NYSE:SAM)

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