Boston Beer PT Raised to $284.00 (SAM)
Williams Capital boosted their price target on shares of Boston Beer (NYSE:SAM) from $260.00 to $284.00 in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Williams Capital’s price objective indicates a potential upside of 27.92% from the stock’s previous close.
A number of other firms have also recently commented on SAM. Analysts at Zacks upgraded shares of Boston Beer from a “neutral” rating to an “outperform” rating in a research note on Monday, July 7th. They now have a $261.20 price target on the stock. Analysts at Credit Agricole upgraded shares of Boston Beer from an “underperform” rating to an “outperform” rating in a research note on Thursday, June 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $248.84.
Shares of Boston Beer (NYSE:SAM) opened at 222.01 on Wednesday. Boston Beer has a 52-week low of $201.71 and a 52-week high of $265.53. The stock has a 50-day moving average of $224.0 and a 200-day moving average of $227.7. The company has a market cap of $2.878 billion and a price-to-earnings ratio of 38.83.
Boston Beer (NYSE:SAM) last released its earnings data on Wednesday, July 30th. The company reported $1.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.79 by $0.09. The company had revenue of $231.60 million for the quarter, compared to the consensus estimate of $224.70 million. During the same quarter in the prior year, the company posted $1.45 earnings per share. The company’s quarterly revenue was up 27.7% on a year-over-year basis. Analysts expect that Boston Beer will post $6.42 EPS for the current fiscal year.
The Boston Beer Company, Inc (NYSE:SAM) is a craft brewer in the United States.
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