Boston Beer (NYSE:SAM) Now Covered by Berenberg Bank

Berenberg Bank started coverage on shares of Boston Beer (NYSE:SAM) in a research note published on Wednesday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $281.10 target price on the stock.

SAM has been the topic of several other research reports. Morgan Stanley reduced their price objective on Boston Beer from $290.00 to $270.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. UBS Group decreased their price target on Boston Beer from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Citigroup raised Boston Beer from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $265.00 to $280.00 in a report on Thursday, March 20th. Roth Mkm reaffirmed a “buy” rating and issued a $349.00 target price (down previously from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Finally, Needham & Company LLC assumed coverage on shares of Boston Beer in a research note on Friday, December 6th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $291.37.

Boston Beer Trading Up 1.0 %

Shares of NYSE SAM opened at $245.70 on Wednesday. Boston Beer has a 1-year low of $215.10 and a 1-year high of $339.77. The company has a 50-day moving average of $237.08 and a two-hundred day moving average of $273.27. The company has a market cap of $2.76 billion, a PE ratio of 36.13, a P/E/G ratio of 1.23 and a beta of 1.14.

Institutional Trading of Boston Beer

A number of large investors have recently made changes to their positions in SAM. GAMMA Investing LLC grew its stake in Boston Beer by 59.3% in the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock valued at $39,000 after acquiring an additional 48 shares during the period. Lazard Asset Management LLC increased its stake in Boston Beer by 10.3% during the 4th quarter. Lazard Asset Management LLC now owns 515 shares of the company’s stock worth $153,000 after purchasing an additional 48 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Boston Beer by 42.1% during the 4th quarter. First Horizon Advisors Inc. now owns 172 shares of the company’s stock worth $52,000 after buying an additional 51 shares during the period. Cetera Investment Advisers lifted its stake in Boston Beer by 4.6% in the fourth quarter. Cetera Investment Advisers now owns 1,269 shares of the company’s stock valued at $381,000 after buying an additional 56 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Boston Beer by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 2,630 shares of the company’s stock worth $789,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 81.13% of the company’s stock.

About Boston Beer

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.