The Boston Beer Company, Inc. (NYSE:SAM) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of The Boston Beer Company, Inc. (NYSE:SAM - Get Free Report) have been given an average recommendation of "Hold" by the ten research firms that are presently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $286.12.

Several analysts have recently issued reports on the stock. Berenberg Bank began coverage on shares of Boston Beer in a research note on Wednesday, April 2nd. They issued a "hold" rating and a $281.10 target price for the company. Citigroup upped their price objective 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. Piper Sandler dropped their target price on shares of Boston Beer from $240.00 to $230.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Morgan Stanley cut their target price on Boston Beer from $290.00 to $270.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Finally, Needham & Company LLC restated a "hold" rating on shares of Boston Beer in a research note on Friday, April 25th.

Boston Beer Trading Down 0.1%

NYSE SAM traded down $0.15 during trading hours on Thursday, hitting $243.17. The company's stock had a trading volume of 12,014 shares, compared to its average volume of 166,948. The company has a market capitalization of $2.71 billion, a PE ratio of 35.76, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. Boston Beer has a 52 week low of $215.10 and a 52 week high of $339.77. The company's 50-day simple moving average is $238.21 and its two-hundred day simple moving average is $265.13.

Boston Beer (NYSE:SAM - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $1.38. Boston Beer had a return on equity of 11.76% and a net margin of 3.82%. The company had revenue of $481.36 million for the quarter, compared to analysts' expectations of $436.27 million. During the same quarter in the previous year, the firm earned $1.04 earnings per share. Boston Beer's quarterly revenue was up 6.5% on a year-over-year basis. Research analysts anticipate that Boston Beer will post 9.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Boston Beer

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. increased its holdings in Boston Beer by 405.6% during the 4th quarter. Blue Trust Inc. now owns 91 shares of the company's stock worth $26,000 after acquiring an additional 73 shares during the period. EverSource Wealth Advisors LLC lifted its position in Boston Beer by 2,225.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company's stock worth $28,000 after buying an additional 89 shares during the last quarter. Rossby Financial LCC purchased a new stake in Boston Beer during the first quarter valued at about $25,000. GeoWealth Management LLC purchased a new position in Boston Beer in the 4th quarter worth approximately $35,000. Finally, GAMMA Investing LLC raised its holdings in Boston Beer by 59.3% during the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company's stock valued at $39,000 after buying an additional 48 shares during the last quarter. 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.