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

The Boston Beer Company, Inc. (NYSE:SAM) has received a consensus recommendation of “Hold” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $293.40.

Several analysts have commented on SAM shares. Morgan Stanley dropped their target price on shares of Boston Beer from $290.00 to $270.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. StockNews.com downgraded shares of Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Citigroup decreased their price target on shares of Boston Beer from $335.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Piper Sandler decreased their price target on shares of Boston Beer from $275.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Finally, UBS Group decreased 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 note on Thursday, January 16th.

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 stock. Wealth Enhancement Advisory Services LLC boosted its position in Boston Beer by 21.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,942 shares of the company’s stock worth $2,082,000 after purchasing an additional 1,228 shares during the period. NorthCrest Asset Manangement LLC acquired a new stake in shares of Boston Beer during the fourth quarter worth $220,000. Mackenzie Financial Corp acquired a new stake in shares of Boston Beer during the fourth quarter worth $416,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Boston Beer by 24.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,835 shares of the company’s stock worth $6,250,000 after buying an additional 4,082 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in shares of Boston Beer by 9.0% during the fourth quarter. Squarepoint Ops LLC now owns 8,666 shares of the company’s stock worth $2,600,000 after buying an additional 717 shares in the last quarter. 81.13% of the stock is owned by institutional investors.

Boston Beer Stock Performance

Shares of SAM stock opened at $221.64 on Wednesday. The company has a market capitalization of $2.49 billion, a P/E ratio of 32.59, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. The company’s 50 day moving average price is $242.20 and its two-hundred day moving average price is $276.69. Boston Beer has a 52 week low of $221.50 and a 52 week high of $339.77.

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.