Boston Beer (NYSE:SAM) Upgraded at StockNews.com

Boston Beer (NYSE:SAM) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Other research analysts also recently issued research reports about the company. Citigroup decreased their price objective 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. Piper Sandler cut shares of Boston Beer from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $370.00 to $275.00 in a research note on Thursday, January 23rd. UBS Group dropped their price target on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, Needham & Company LLC began coverage on shares of Boston Beer in a research note on Friday, December 6th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $302.90.

Boston Beer Trading Up 0.1 %

NYSE SAM traded up $0.25 during trading hours on Tuesday, hitting $234.08. 325,728 shares of the company’s stock traded hands, compared to its average volume of 195,612. Boston Beer has a 52 week low of $222.27 and a 52 week high of $371.65. The firm has a market capitalization of $2.69 billion, a P/E ratio of 34.42, a P/E/G ratio of 1.23 and a beta of 1.06. The business’s fifty day moving average price is $261.05 and its two-hundred day moving average price is $281.06.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($1.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.21) by ($0.47). Boston Beer had a net margin of 3.82% and a return on equity of 11.76%. On average, sell-side analysts expect that Boston Beer will post 9.29 EPS for the current fiscal year.

Institutional Trading of Boston Beer

Several institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of Boston Beer by 405.6% during the fourth quarter. Blue Trust Inc. now owns 91 shares of the company’s stock worth $26,000 after purchasing an additional 73 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Boston Beer by 2,225.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company’s stock valued at $28,000 after buying an additional 89 shares during the period. First Horizon Advisors Inc. grew its stake in Boston Beer by 105.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after acquiring an additional 62 shares in the last quarter. GeoWealth Management LLC purchased a new position in shares of Boston Beer during the fourth quarter worth approximately $35,000. Finally, Covestor Ltd raised its stake in shares of Boston Beer by 36.6% during the third quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after acquiring an additional 34 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.