Analysts Set The Boston Beer Company, Inc. (NYSE:SAM) PT at $302.90

The Boston Beer Company, Inc. (NYSE:SAM) has received a consensus recommendation of “Hold” from the eleven research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $302.90.

SAM has been the topic of several recent analyst reports. Piper Sandler cut Boston Beer from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $370.00 to $275.00 in a research note on Thursday, January 23rd. StockNews.com cut Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, January 15th. Citigroup cut their price target on Boston Beer from $335.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Needham & Company LLC assumed coverage on Boston Beer in a research note on Friday, December 6th. They issued a “hold” rating on the stock. Finally, UBS Group cut their price objective on Boston Beer from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th.

Institutional Trading of Boston Beer

Institutional investors and hedge funds have recently made changes to their positions in the stock. Entropy Technologies LP acquired a new stake in shares of Boston Beer during the 4th quarter worth approximately $368,000. Legato Capital Management LLC acquired a new stake in shares of Boston Beer during the 4th quarter worth approximately $1,966,000. Merit Financial Group LLC acquired a new stake in shares of Boston Beer during the 4th quarter worth approximately $434,000. Point72 Hong Kong Ltd acquired a new stake in shares of Boston Beer during the 3rd quarter worth approximately $1,746,000. Finally, Barclays PLC grew its holdings in Boston Beer by 44.2% in the 3rd quarter. Barclays PLC now owns 12,988 shares of the company’s stock worth $3,753,000 after buying an additional 3,983 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Boston Beer Stock Performance

NYSE:SAM opened at $234.35 on Friday. Boston Beer has a one year low of $222.27 and a one year high of $371.65. The business’s 50-day simple moving average is $262.53 and its 200 day simple moving average is $281.32. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 1.23 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.