The Boston Beer Company, Inc. (NYSE:SAM) Given Consensus Recommendation of “Hold” by Analysts

The Boston Beer Company, Inc. (NYSE:SAM) has received an average rating of “Hold” from the fourteen analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $335.21.

Several analysts have recently weighed in on SAM shares. Evercore ISI raised their price target on shares of Boston Beer from $310.00 to $325.00 and gave the stock an “in-line” rating in a report on Friday, April 26th. Morgan Stanley cut their target price on Boston Beer from $285.00 to $275.00 and set an “underweight” rating for the company in a research note on Wednesday, February 28th. UBS Group decreased their price target on Boston Beer from $390.00 to $355.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. The Goldman Sachs Group cut their price objective on Boston Beer from $257.00 to $250.00 and set a “sell” rating for the company in a research report on Tuesday, April 9th. Finally, Piper Sandler began coverage on shares of Boston Beer in a research report on Friday, March 22nd. They issued an “overweight” rating and a $350.00 target price on the stock.

Insider Transactions at Boston Beer

In other news, insider Carolyn L. O’boyle sold 101 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $303.49, for a total value of $30,652.49. Following the sale, the insider now directly owns 7,029 shares in the company, valued at $2,133,231.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 23.30% of the company’s stock.

Institutional Trading of Boston Beer

Hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd raised its holdings in shares of Boston Beer by 88.4% in the 3rd quarter. Covestor Ltd now owns 81 shares of the company’s stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. Quarry LP purchased a new stake in Boston Beer during the 4th quarter worth about $42,000. First Command Advisory Services Inc. acquired a new position in shares of Boston Beer during the 3rd quarter worth about $56,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Boston Beer during the 3rd quarter worth about $59,000. Finally, CWM LLC increased its holdings in shares of Boston Beer by 264.2% in the 3rd quarter. CWM LLC now owns 193 shares of the company’s stock valued at $75,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Price Performance

Shares of Boston Beer stock opened at $277.28 on Friday. The stock’s 50 day simple moving average is $296.61 and its 200-day simple moving average is $330.87. The stock has a market cap of $3.33 billion, a P/E ratio of 34.79, a P/E/G ratio of 1.05 and a beta of 1.03. Boston Beer has a 1-year low of $274.78 and a 1-year high of $395.52.

Boston Beer (NYSE:SAM) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.96. Boston Beer had a return on equity of 10.11% and a net margin of 4.60%. The company had revenue of $426.05 million for the quarter, compared to analyst estimates of $414.18 million. As a group, research analysts expect that Boston Beer will post 10.26 EPS for the current fiscal year.

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.