The Boston Beer Company, Inc. (NYSE:SAM) Receives $335.21 Average Target Price from Analysts

The Boston Beer Company, Inc. (NYSE:SAM) has earned an average rating of “Hold” from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $335.21.

Several research analysts recently weighed in on SAM shares. UBS Group dropped their price target on Boston Beer from $390.00 to $355.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Roth Mkm boosted their target price on Boston Beer from $406.00 to $422.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Sanford C. Bernstein upgraded Boston Beer from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $280.00 to $335.00 in a research note on Tuesday, January 16th. Morgan Stanley lowered their target price on Boston Beer from $285.00 to $275.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $337.00 target price on shares of Boston Beer in a research note on Wednesday, February 28th.

Insider Buying and Selling

In other Boston Beer news, insider Carolyn L. O’boyle sold 102 shares of Boston Beer stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $350.72, for a total value of $35,773.44. Following the completion of the transaction, the insider now owns 2,630 shares in the company, valued at approximately $922,393.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Carolyn L. O’boyle sold 101 shares of Boston Beer stock in a transaction on Monday, April 1st. The stock was sold at an average price of $303.49, for a total value of $30,652.49. Following the completion of the sale, the insider now directly owns 7,029 shares of the company’s stock, valued at approximately $2,133,231.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carolyn L. O’boyle sold 102 shares of Boston Beer stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $350.72, for a total value of $35,773.44. Following the completion of the sale, the insider now directly owns 2,630 shares of the company’s stock, valued at $922,393.60. The disclosure for this sale can be found here. 24.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Boston Beer

Several hedge funds and other institutional investors have recently made changes to their positions in SAM. CWM LLC increased its stake in shares of Boston Beer by 264.2% in the 3rd quarter. CWM LLC now owns 193 shares of the company’s stock valued at $75,000 after buying an additional 140 shares during the period. HGK Asset Management Inc. grew its stake in shares of Boston Beer by 19.3% during the third quarter. HGK Asset Management Inc. now owns 1,597 shares of the company’s stock worth $622,000 after purchasing an additional 258 shares during the period. Mission Wealth Management LP acquired a new stake in shares of Boston Beer during the third quarter worth $227,000. Dakota Wealth Management acquired a new stake in shares of Boston Beer during the third quarter worth $273,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Boston Beer during the third quarter worth $348,000. 81.13% of the stock is owned by institutional investors and hedge funds.

Boston Beer Trading Down 2.5 %

NYSE:SAM opened at $278.41 on Friday. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 1.16 and a beta of 1.02. Boston Beer has a 1-year low of $274.78 and a 1-year high of $395.52. The business’s fifty day moving average price is $302.38 and its 200 day moving average price is $332.89.

Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.96. The firm had revenue of $426.05 million for the quarter, compared to analyst estimates of $414.18 million. Boston Beer had a return on equity of 10.11% and a net margin of 4.60%. Equities analysts forecast that Boston Beer will post 9.91 earnings per share for the current year.

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.