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

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $293.40.

A number of research firms recently commented on SAM. Roth Mkm reaffirmed a “buy” rating and issued a $349.00 price target (down previously from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. UBS Group dropped their price target on Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Piper Sandler dropped their price target on Boston Beer from $275.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. StockNews.com downgraded Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, Citigroup dropped their price target on Boston Beer from $335.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th.

Boston Beer Stock Performance

SAM opened at $221.64 on Wednesday. Boston Beer has a fifty-two week low of $221.50 and a fifty-two week high of $339.77. The company has a market capitalization of $2.49 billion, a P/E ratio of 32.59, a P/E/G ratio of 1.23 and a beta of 1.14. The stock has a fifty day moving average of $242.20 and a 200-day moving average of $276.69.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Entropy Technologies LP bought a new stake in shares of Boston Beer during the fourth quarter worth about $368,000. Legato Capital Management LLC bought a new stake in shares of Boston Beer during the fourth quarter worth about $1,966,000. Merit Financial Group LLC bought a new stake in shares of Boston Beer during the fourth quarter worth about $434,000. Point72 Hong Kong Ltd bought a new stake in shares of Boston Beer during the third quarter worth about $1,746,000. Finally, Global Alpha Capital Management Ltd. bought a new stake in shares of Boston Beer during the fourth quarter worth about $23,349,000. Institutional investors and hedge funds 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.