Boston Beer Company, Inc. (The) (NYSE:SAM)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Group LLC in a research note issued to investors on Thursday.

Other equities research analysts also recently issued reports about the stock. BidaskClub upgraded shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Goldman Sachs Group, Inc. (The) downgraded shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $140.00 to $110.00 in a research note on Monday, July 24th. Royal Bank Of Canada reiterated a “hold” rating and set a $158.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Friday, June 30th. Cowen and Company reiterated a “sell” rating and set a $126.00 price objective on shares of Boston Beer Company, Inc. (The) in a research note on Friday, July 14th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $175.00 price objective (down from $179.00) on shares of Boston Beer Company, Inc. (The) in a research note on Friday, July 21st. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $142.13.

Boston Beer Company, Inc. (NYSE SAM) traded down 0.70% during trading on Thursday, hitting $148.50. 57,547 shares of the company were exchanged. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 21.13 and a beta of 0.57. The company has a 50-day moving average of $146.43 and a 200-day moving average of $143.65. Boston Beer Company, Inc. has a 12 month low of $128.70 and a 12 month high of $183.11.

Boston Beer Company, Inc. (The) (NYSE:SAM) last released its earnings results on Thursday, July 27th. The company reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.89. Boston Beer Company, Inc. (The) had a net margin of 9.65% and a return on equity of 20.19%. The firm had revenue of $247.90 million during the quarter, compared to the consensus estimate of $222.74 million. During the same period in the previous year, the firm earned $2.06 earnings per share. Boston Beer Company, Inc. (The)’s revenue was up 1.3% compared to the same quarter last year. Analysts forecast that Boston Beer Company, Inc. will post $5.79 EPS for the current year.

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In other news, VP David L. Grinnell sold 2,628 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $159.90, for a total value of $420,217.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 31.30% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. State Treasurer State of Michigan boosted its stake in shares of Boston Beer Company, Inc. (The) by 5.6% in the first quarter. State Treasurer State of Michigan now owns 3,800 shares of the company’s stock valued at $550,000 after purchasing an additional 200 shares during the period. 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 purchasing an additional 38,583 shares during the period. OppenheimerFunds Inc. boosted its stake in shares of Boston Beer Company, Inc. (The) by 4.1% in the first quarter. OppenheimerFunds Inc. now owns 94,967 shares of the company’s stock valued at $13,736,000 after purchasing an additional 3,751 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Boston Beer Company, Inc. (The) by 1.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 14,665 shares of the company’s stock valued at $2,121,000 after purchasing an additional 220 shares during the period. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Boston Beer Company, Inc. (The) by 5.4% in the first quarter. Mutual of America Capital Management LLC now owns 7,115 shares of the company’s stock valued at $1,029,000 after purchasing an additional 367 shares during the period. Institutional investors and hedge funds own 70.74% of the company’s stock.

About Boston Beer Company, Inc. (The)

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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