The Boston Beer Company, Inc. (NYSE:SAM) Given Consensus Rating of "Hold" by Analysts

The Boston Beer Company, Inc. (NYSE:SAM - Get Free Report) has earned an average rating of "Hold" from the ten research firms that are currently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $286.12.

Several equities research analysts have recently commented on SAM shares. Citigroup lifted their price objective on shares of Boston Beer from $280.00 to $285.00 and gave the stock a "buy" rating in a research note on Monday, April 14th. Roth Mkm reiterated a "buy" rating and set a $349.00 price target (down previously from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Cfra Research upgraded Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a research note on Thursday, April 24th. Morgan Stanley dropped their target price on Boston Beer from $290.00 to $270.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Finally, UBS Group lifted their price objective on shares of Boston Beer from $265.00 to $279.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th.

Boston Beer Price Performance

SAM opened at $241.22 on Thursday. The firm has a market capitalization of $2.69 billion, a PE ratio of 35.47, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. The business's 50-day moving average is $238.09 and its two-hundred day moving average is $266.70. Boston Beer has a 1 year low of $215.10 and a 1 year high of $339.77.

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

Institutional Trading of Boston Beer

A number of institutional investors and hedge funds have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. boosted its holdings in Boston Beer by 4.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 703,480 shares of the company's stock worth $211,030,000 after buying an additional 29,412 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Boston Beer by 19.8% in the fourth quarter. AQR Capital Management LLC now owns 422,217 shares of the company's stock worth $125,821,000 after acquiring an additional 69,778 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Boston Beer by 9.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 225,762 shares of the company's stock worth $67,723,000 after purchasing an additional 19,063 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Boston Beer by 27.1% during the fourth quarter. Fisher Asset Management LLC now owns 160,419 shares of the company's stock worth $48,122,000 after purchasing an additional 34,176 shares in the last quarter. Finally, Southernsun Asset Management LLC raised its stake in Boston Beer by 1.6% in the 4th quarter. Southernsun Asset Management LLC now owns 121,972 shares of the company's stock valued at $36,589,000 after purchasing an additional 1,864 shares during the last quarter. Hedge funds and other institutional investors own 81.13% of the company's stock.

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.

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