Royal Bank of Canada Reaffirms Sector Perform Rating for Boston Beer (NYSE:SAM)

Boston Beer (NYSE:SAM - Get Free Report)'s stock had its "sector perform" rating restated by analysts at Royal Bank of Canada in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $279.00 price objective on the stock. Royal Bank of Canada's price target suggests a potential upside of 11.85% from the stock's current price.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley cut their target price on shares of Boston Beer from $290.00 to $270.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Roth Mkm reiterated a "buy" rating and issued a $349.00 price objective (down previously from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th. StockNews.com cut Boston Beer from a "buy" rating to a "hold" rating in a report on Wednesday, March 5th. UBS Group lifted their price target on Boston Beer from $265.00 to $279.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Finally, Citigroup upped their price target on shares of Boston Beer from $280.00 to $285.00 and gave the stock a "buy" rating in a research report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $286.12.

Boston Beer Stock Up 2.9 %

NYSE:SAM traded up $7.05 during trading hours on Tuesday, reaching $249.45. The company had a trading volume of 382,469 shares, compared to its average volume of 171,869. The stock has a 50-day moving average of $236.77 and a two-hundred day moving average of $268.86. Boston Beer has a one year low of $215.10 and a one year high of $339.77. The firm has a market capitalization of $2.80 billion, a PE ratio of 36.68, a PEG ratio of 1.23 and a beta of 1.26.

Boston Beer (NYSE:SAM - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.16 EPS for the quarter, beating the consensus estimate of $0.78 by $1.38. The company had revenue of $481.36 million for the quarter, compared to the consensus estimate of $436.27 million. Boston Beer had a net margin of 3.82% and a return on equity of 11.76%. As a group, sell-side analysts expect that Boston Beer will post 9.29 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in shares of Boston Beer by 405.6% during the fourth quarter. Blue Trust Inc. now owns 91 shares of the company's stock worth $26,000 after buying an additional 73 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Boston Beer by 2,225.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company's stock worth $28,000 after acquiring an additional 89 shares during the period. GeoWealth Management LLC bought a new stake in shares of Boston Beer during the 4th quarter valued at $35,000. GAMMA Investing LLC lifted its stake in shares of Boston Beer by 59.3% in the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company's stock valued at $39,000 after purchasing an additional 48 shares during the period. Finally, First Horizon Advisors Inc. lifted its stake in shares of Boston Beer by 42.1% in the 4th quarter. First Horizon Advisors Inc. now owns 172 shares of the company's stock valued at $52,000 after purchasing an additional 51 shares during the period. 81.13% of the stock is currently owned by institutional investors and hedge funds.

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.