Boston Beer Company, Inc. (The) (NYSE:SAM) had its target price upped by equities researchers at Citigroup Inc. from $165.00 to $181.00 in a research note issued to investors on Monday. The brokerage currently has a “neutral” rating on the stock. Citigroup Inc.’s price target would indicate a potential upside of 8.22% from the company’s current price.

Several other research analysts have also recently issued reports on the company. Zacks Investment Research raised Boston Beer Company, Inc. (The) from a “strong sell” rating to a “hold” rating in a research report on Monday, July 10th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $175.00 target price (down previously from $179.00) on shares of Boston Beer Company, Inc. (The) in a research report on Friday, July 21st. Credit Suisse Group raised Boston Beer Company, Inc. (The) from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $140.00 to $150.00 in a research report on Tuesday, September 26th. Macquarie initiated coverage on Boston Beer Company, Inc. (The) in a research report on Thursday, September 14th. They issued an “underperform” rating and a $140.00 price objective on the stock. Finally, BidaskClub raised Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $149.00.

Shares of Boston Beer Company, Inc. (SAM) traded up 2.81% during midday trading on Monday, hitting $171.95. The stock had a trading volume of 203,350 shares. The company’s 50 day moving average is $164.04 and its 200 day moving average is $147.15. Boston Beer Company, Inc. has a 52 week low of $128.70 and a 52 week high of $181.20. The firm has a market cap of $2.06 billion, a P/E ratio of 24.47 and a beta of 0.56.

Boston Beer Company, Inc. (The) (NYSE:SAM) last announced its earnings results on Thursday, October 26th. The company reported $2.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.79. The company had revenue of $247.04 million for the quarter, compared to analysts’ expectations of $256.73 million. Boston Beer Company, Inc. (The) had a return on equity of 21.11% and a net margin of 9.97%. Boston Beer Company, Inc. (The)’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.48 earnings per share. On average, equities analysts predict that Boston Beer Company, Inc. will post $5.87 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of SAM. UBS Asset Management Americas Inc. raised its stake in shares of Boston Beer Company, Inc. (The) by 5.7% in the first quarter. UBS Asset Management Americas Inc. now owns 3,493 shares of the company’s stock valued at $505,000 after buying an additional 187 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Boston Beer Company, Inc. (The) by 4.1% in the first quarter. Ameriprise Financial Inc. now owns 32,981 shares of the company’s stock valued at $4,770,000 after buying an additional 1,305 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Boston Beer Company, Inc. (The) by 1.5% in the first quarter. JPMorgan Chase & Co. now owns 20,494 shares of the company’s stock valued at $2,964,000 after buying an additional 312 shares during the period. Victory Capital Management Inc. raised its stake in shares of Boston Beer Company, Inc. (The) by 85.6% in the first quarter. Victory Capital Management Inc. now owns 826 shares of the company’s stock valued at $119,000 after buying an additional 381 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Boston Beer Company, Inc. (The) by 2.1% in the first quarter. Principal Financial Group Inc. now owns 36,467 shares of the company’s stock valued at $5,275,000 after buying an additional 758 shares during the period. Hedge funds and other institutional investors own 71.35% 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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