Boston Beer Company, Inc. (The) (NYSE:SAM) has been given an average recommendation of “Hold” by the eleven research firms that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $141.43.

SAM has been the subject of a number of research reports. Susquehanna Bancshares Inc set a $154.00 price objective on shares of Boston Beer Company, Inc. (The) and gave the stock a “hold” rating in a report on Monday, April 17th. Zacks Investment Research raised shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $129.00 price objective on shares of Boston Beer Company, Inc. (The) in a report on Thursday, April 27th. BidaskClub downgraded shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “strong sell” rating in a report on Friday, June 16th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $158.00 price objective on shares of Boston Beer Company, Inc. (The) in a report on Wednesday, April 26th.

In related news, Director David A. Burwick sold 5,000 shares of Boston Beer Company, Inc. (The) stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $144.00, for a total transaction of $720,000.00. Following the sale, the director now directly owns 6,094 shares in the company, valued at $877,536. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP David L. Grinnell sold 372 shares of Boston Beer Company, Inc. (The) stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $143.06, for a total transaction of $53,218.32. The disclosure for this sale can be found here. Insiders sold 35,372 shares of company stock worth $4,967,293 over the last quarter. 28.50% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Boston Beer Company, Inc. (The) by 12,367.2% in the first quarter. BlackRock Inc. now owns 1,128,029 shares of the company’s stock worth $163,169,000 after buying an additional 1,118,981 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Boston Beer Company, Inc. (The) by 5.5% in the first quarter. Vanguard Group Inc. now owns 734,000 shares of the company’s stock valued at $106,173,000 after buying an additional 38,583 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Boston Beer Company, Inc. (The) by 18.5% in the first quarter. Bank of New York Mellon Corp now owns 410,646 shares of the company’s stock valued at $59,400,000 after buying an additional 64,189 shares during the period. Champlain Investment Partners LLC boosted its stake in shares of Boston Beer Company, Inc. (The) by 14.6% in the first quarter. Champlain Investment Partners LLC now owns 344,835 shares of the company’s stock valued at $49,880,000 after buying an additional 44,013 shares during the period. Finally, State Street Corp boosted its stake in shares of Boston Beer Company, Inc. (The) by 4.0% in the first quarter. State Street Corp now owns 282,211 shares of the company’s stock valued at $40,821,000 after buying an additional 10,908 shares during the period. Institutional investors and hedge funds own 71.51% of the company’s stock.

Boston Beer Company, Inc. (NYSE SAM) traded up 0.08% during mid-day trading on Tuesday, reaching $132.80. 67,668 shares of the company traded hands. Boston Beer Company, Inc. has a 52-week low of $128.70 and a 52-week high of $195.35. The firm’s 50-day moving average is $135.04 and its 200 day moving average is $146.88. The stock has a market capitalization of $1.63 billion, a PE ratio of 19.63 and a beta of 0.51.

Boston Beer Company, Inc. (The) (NYSE:SAM) last released its quarterly earnings data on Wednesday, April 26th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.19. The firm had revenue of $161.70 million during the quarter, compared to the consensus estimate of $170.33 million. Boston Beer Company, Inc. (The) had a net margin of 9.42% and a return on equity of 19.73%. The firm’s revenue was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share. On average, equities research analysts expect that Boston Beer Company, Inc. will post $5.44 earnings per share for the current year.

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Boston Beer Company, Inc. (The) Company Profile

The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.

Analyst Recommendations for Boston Beer Company, Inc. (The) (NYSE:SAM)

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