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

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have been given a consensus recommendation of “Hold” by the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $314.82.

A number of research firms have weighed in on SAM. Piper Sandler raised their price target on shares of Boston Beer from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Needham & Company LLC initiated coverage on shares of Boston Beer in a research note on Friday, December 6th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft cut their price target on shares of Boston Beer from $281.00 to $277.00 and set a “hold” rating on the stock in a research report on Thursday, October 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $318.00 price objective on shares of Boston Beer in a research report on Friday, October 25th. Finally, Jefferies Financial Group lowered Boston Beer from a “buy” rating to a “hold” rating and cut their target price for the company from $355.00 to $325.00 in a research report on Friday, October 25th.

Boston Beer Trading Up 0.4 %

Shares of SAM stock opened at $301.26 on Friday. The business’s 50-day moving average price is $308.12 and its 200-day moving average price is $291.19. Boston Beer has a 12 month low of $254.40 and a 12 month high of $371.65. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 44.30, a PEG ratio of 1.21 and a beta of 1.07.

Institutional Trading of Boston Beer

A number of large investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd purchased a new position in Boston Beer during the 3rd quarter worth $1,746,000. Savant Capital LLC bought a new stake in shares of Boston Beer in the second quarter valued at about $982,000. Barclays PLC raised its holdings in shares of Boston Beer by 44.2% in the third quarter. Barclays PLC now owns 12,988 shares of the company’s stock valued at $3,753,000 after acquiring an additional 3,983 shares in the last quarter. SW Investment Management LLC purchased a new stake in Boston Beer in the second quarter worth about $1,525,000. Finally, Verition Fund Management LLC grew its holdings in Boston Beer by 582.6% during the 3rd quarter. Verition Fund Management LLC now owns 19,693 shares of the company’s stock worth $5,694,000 after acquiring an additional 16,808 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors.

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.