The Boston Beer Company, Inc. (NYSE:SAM – Get Free Report) 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.
Check Out Our Latest Research Report on Boston Beer
Hedge Funds Weigh In On Boston Beer
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.
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