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

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have received an average recommendation of “Hold” from the eleven research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $302.90.

SAM has been the subject of several analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $318.00 target price on shares of Boston Beer in a report on Friday, October 25th. StockNews.com lowered Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, January 15th. Citigroup reduced their target price on Boston Beer from $335.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Jefferies Financial Group lowered Boston Beer from a “buy” rating to a “hold” rating and reduced their target price for the stock from $355.00 to $325.00 in a report on Friday, October 25th. Finally, Piper Sandler lowered Boston Beer from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $370.00 to $275.00 in a report on Thursday, January 23rd.

Boston Beer Price Performance

Shares of Boston Beer stock opened at $226.95 on Friday. The stock has a 50-day simple moving average of $263.99 and a 200-day simple moving average of $281.35. Boston Beer has a 52-week low of $222.27 and a 52-week high of $371.65. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 33.38, a P/E/G ratio of 1.23 and a beta of 1.06.

Institutional Trading of Boston Beer

A number of institutional investors and hedge funds have recently modified their holdings of SAM. Norges Bank bought a new stake in shares of Boston Beer during the fourth quarter valued at approximately $30,741,000. J. Goldman & Co LP increased its position in shares of Boston Beer by 251.8% during the fourth quarter. J. Goldman & Co LP now owns 119,687 shares of the company’s stock valued at $35,904,000 after purchasing an additional 85,669 shares during the period. Cooper Creek Partners Management LLC bought a new stake in shares of Boston Beer during the fourth quarter valued at approximately $25,054,000. Global Alpha Capital Management Ltd. bought a new stake in shares of Boston Beer during the fourth quarter valued at approximately $23,349,000. Finally, Freestone Grove Partners LP bought a new stake in shares of Boston Beer during the fourth quarter valued at approximately $21,412,000. 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.