The Boston Beer Company, Inc. (NYSE:SAM) Receives Average Recommendation of “Hold” from Analysts

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have earned a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $326.92.

Several equities research analysts have recently issued reports on the company. Roth Mkm decreased their price objective on Boston Beer from $395.00 to $389.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft lifted their price target on Boston Beer from $273.00 to $283.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. StockNews.com lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, June 12th. Morgan Stanley upgraded shares of Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 target price for the company in a report on Wednesday, June 5th. Finally, Royal Bank of Canada cut their price target on shares of Boston Beer from $332.00 to $318.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th.

Boston Beer Trading Up 0.7 %

Shares of SAM stock opened at $276.54 on Wednesday. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 34.70, a PEG ratio of 1.11 and a beta of 1.05. The firm has a 50-day moving average price of $275.73 and a 200 day moving average price of $284.44. Boston Beer has a twelve month low of $254.40 and a twelve month high of $395.52.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, July 25th. The company reported $4.39 earnings per share for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.60). The firm had revenue of $579.10 million during the quarter, compared to analyst estimates of $597.33 million. Boston Beer had a net margin of 4.39% and a return on equity of 9.69%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $4.72 EPS. As a group, research analysts predict that Boston Beer will post 9.65 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. LRI Investments LLC acquired a new stake in Boston Beer in the first quarter valued at $28,000. Quarry LP bought a new stake in shares of Boston Beer in the 4th quarter worth about $42,000. ORG Partners LLC acquired a new stake in shares of Boston Beer in the 2nd quarter valued at about $48,000. Sachetta LLC lifted its position in shares of Boston Beer by 1,533.3% during the second quarter. Sachetta LLC now owns 245 shares of the company’s stock worth $68,000 after purchasing an additional 230 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in Boston Beer by 61.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 250 shares of the company’s stock worth $75,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other 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.