Stifel Nicolaus assumed coverage on shares of Boston Beer (NYSE:SAM) in a research report issued on Tuesday, The Fly reports. The firm set a “hold” rating on the stock.

Several other research analysts have also issued reports on the stock. Susquehanna Bancshares lowered shares of Boston Beer from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $216.00 to $183.00 in a research report on Monday, November 13th. UBS lowered shares of Boston Beer from a “positive” rating to a “neutral” rating in a research report on Monday, November 13th. TheStreet upgraded shares of Boston Beer from a “c+” rating to a “b-” rating in a research report on Thursday, November 2nd. Citigroup lifted their price target on shares of Boston Beer from $165.00 to $181.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research upgraded shares of Boston Beer from a “hold” rating to a “buy” rating and set a $187.00 price target on the stock in a research report on Monday, October 30th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Boston Beer presently has an average rating of “Hold” and a consensus target price of $149.80.

Boston Beer (NYSE:SAM) traded down $1.25 during trading on Tuesday, reaching $184.40. 83,966 shares of the company’s stock traded hands, compared to its average volume of 164,161. The firm has a market capitalization of $2,160.00, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 5.99 and a beta of 0.57. Boston Beer has a 12-month low of $128.70 and a 12-month high of $189.40.

Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Thursday, October 26th. The company reported $2.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.79. The firm had revenue of $247.04 million for the quarter, compared to analyst estimates of $256.73 million. Boston Beer had a net margin of 9.97% and a return on equity of 21.11%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.48 earnings per share. analysts expect that Boston Beer will post 6.08 EPS for the current fiscal year.

In other Boston Beer news, insider Jonathan N. Potter sold 771 shares of Boston Beer stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $173.50, for a total transaction of $133,768.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 28.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Boston Beer by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 748,951 shares of the company’s stock valued at $98,974,000 after acquiring an additional 14,951 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Boston Beer by 4.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 416,414 shares of the company’s stock valued at $65,044,000 after acquiring an additional 18,116 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Boston Beer by 16.4% during the 2nd quarter. American Century Companies Inc. now owns 333,995 shares of the company’s stock valued at $44,137,000 after acquiring an additional 47,027 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Boston Beer by 5.2% during the 3rd quarter. Fisher Asset Management LLC now owns 333,982 shares of the company’s stock valued at $52,168,000 after acquiring an additional 16,431 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Boston Beer by 3.7% during the 2nd quarter. State Street Corp now owns 292,523 shares of the company’s stock valued at $38,656,000 after acquiring an additional 10,312 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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About Boston Beer

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 (NYSE:SAM)

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