Macquarie started coverage on shares of Boston Beer Company, Inc. (The) (NYSE:SAM) in a research note issued to investors on Thursday, The Fly reports. The firm set an “underperform” rating on the stock.

A number of other research firms have also commented on SAM. BidaskClub raised Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating on shares of Boston Beer Company, Inc. (The) in a research note on Thursday, September 7th. Cowen and Company reissued an “underperform” rating and issued a $126.00 price target on shares of Boston Beer Company, Inc. (The) in a research note on Monday, June 12th. Goldman Sachs Group, Inc. (The) lowered Boston Beer Company, Inc. (The) from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $140.00 to $110.00 in a research note on Monday, July 24th. Finally, Zacks Investment Research raised Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research note on Monday, July 17th. Five research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $142.13.

Shares of Boston Beer Company, Inc. (SAM) traded down 0.41% on Thursday, hitting $153.48. 90,118 shares of the stock traded hands. The company has a market cap of $1.84 billion, a PE ratio of 21.84 and a beta of 0.57. The firm’s 50 day moving average is $149.66 and its 200-day moving average is $143.46. Boston Beer Company, Inc. has a 12 month low of $128.70 and a 12 month high of $180.45.

Boston Beer Company, Inc. (The) (NYSE:SAM) last posted its quarterly earnings data on Thursday, July 27th. The company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.89. The business had revenue of $247.90 million for the quarter, compared to analyst estimates of $222.74 million. Boston Beer Company, Inc. (The) had a return on equity of 20.19% and a net margin of 9.65%. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 earnings per share. Equities analysts predict that Boston Beer Company, Inc. will post $5.81 earnings per share for the current year.

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In other news, VP David L. Grinnell sold 2,628 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $159.90, for a total value of $420,217.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 31.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Boston Beer Company, Inc. (The) by 0.5% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 1,612 shares of the company’s stock worth $276,000 after purchasing an additional 8 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Boston Beer Company, Inc. (The) by 2.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,312 shares of the company’s stock worth $306,000 after purchasing an additional 60 shares during the period. Nationwide Fund Advisors raised its holdings in shares of Boston Beer Company, Inc. (The) by 0.3% in the 2nd quarter. Nationwide Fund Advisors now owns 20,811 shares of the company’s stock worth $2,750,000 after purchasing an additional 67 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of Boston Beer Company, Inc. (The) by 5.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock worth $208,000 after purchasing an additional 76 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Boston Beer Company, Inc. (The) by 2.2% in the 1st quarter. Arizona State Retirement System now owns 3,900 shares of the company’s stock worth $564,000 after purchasing an additional 84 shares during the period. Institutional investors own 70.74% of the company’s stock.

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.

The Fly

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

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