The Boston Beer Company, Inc. (NYSE:SAM) Receives $314.82 Consensus PT from Brokerages

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have been given an average rating of “Hold” by the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $314.82.

A number of equities analysts recently commented on SAM shares. UBS Group upped their target price on Boston Beer from $300.00 to $309.00 in a report on Thursday, October 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $318.00 price target on shares of Boston Beer in a research note on Friday, October 25th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a research report on Thursday, October 24th. Piper Sandler raised their price objective on shares of Boston Beer from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $389.00 price objective on shares of Boston Beer in a research report on Wednesday, October 23rd.

Boston Beer Stock Down 0.8 %

Shares of SAM opened at $318.17 on Thursday. The firm has a fifty day simple moving average of $288.17 and a two-hundred day simple moving average of $284.45. Boston Beer has a twelve month low of $254.40 and a twelve month high of $371.65. The stock has a market capitalization of $3.65 billion, a P/E ratio of 46.79, a PEG ratio of 1.24 and a beta of 1.06.

Hedge Funds Weigh In On Boston Beer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in shares of Boston Beer during the 1st quarter valued at about $28,000. Seven Eight Capital LP increased its position in shares of Boston Beer by 160.0% during the first quarter. Seven Eight Capital LP now owns 4,940 shares of the company’s stock worth $1,504,000 after acquiring an additional 3,040 shares during the period. Natixis bought a new position in Boston Beer in the first quarter worth approximately $3,044,000. Gamco Investors INC. ET AL raised its position in Boston Beer by 16.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 13,333 shares of the company’s stock valued at $4,059,000 after purchasing an additional 1,925 shares in the last quarter. Finally, Savant Capital LLC bought a new position in shares of Boston Beer during the 2nd quarter worth $982,000. 81.13% of the stock is owned by institutional investors.

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.