The Boston Beer Company, Inc. (NYSE:SAM) Given Average Recommendation of “Hold” by Brokerages

The Boston Beer Company, Inc. (NYSE:SAM) has earned an average recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $326.92.

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Boston Beer from $273.00 to $283.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Morgan Stanley raised Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 price target for the company in a research note on Wednesday, June 5th. Roth Mkm dropped their price objective on Boston Beer from $395.00 to $389.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. StockNews.com cut Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, June 12th. Finally, Jefferies Financial Group upgraded shares of Boston Beer from a “hold” rating to a “buy” rating and boosted their price target for the stock from $335.00 to $360.00 in a research report on Tuesday, May 14th.

Boston Beer Price Performance

Shares of SAM stock opened at $284.35 on Friday. Boston Beer has a 12-month low of $254.40 and a 12-month high of $395.52. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 35.68, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05. The business has a 50 day simple moving average of $280.47 and a 200 day simple moving average of $289.35.

Boston Beer (NYSE:SAM) last released its quarterly earnings results on Thursday, July 25th. The company reported $4.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.99 by ($0.60). Boston Beer had a return on equity of 9.69% and a net margin of 4.39%. The business had revenue of $579.10 million during the quarter, compared to the consensus estimate of $597.33 million. During the same period in the previous year, the company posted $4.72 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, equities analysts anticipate that Boston Beer will post 9.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Boston Beer

Large investors have recently made changes to their positions in the company. LRI Investments LLC acquired a new position in Boston Beer in the 1st quarter worth approximately $28,000. Quarry LP purchased a new stake in shares of Boston Beer in the fourth quarter valued at $42,000. ORG Partners LLC acquired a new stake in shares of Boston Beer in the second quarter worth $48,000. Sachetta LLC grew its holdings in shares of Boston Beer by 1,533.3% during the second quarter. Sachetta LLC now owns 245 shares of the company’s stock valued at $68,000 after buying an additional 230 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Boston Beer by 61.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 250 shares of the company’s stock valued at $75,000 after buying an additional 95 shares during the period. 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.