Boston Beer (SAM) Raised to “Neutral” at Macquarie

Boston Beer (NYSE:SAM) was upgraded by investment analysts at Macquarie from an “underperform” rating to a “neutral” rating in a research note issued on Thursday, Marketbeat.com reports. The brokerage presently has a $140.00 price objective on the stock. Macquarie’s price target points to a potential downside of 22.80% from the stock’s previous close.

Several other analysts have also issued reports on SAM. Zacks Investment Research lowered shares of Boston Beer from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 16th. Credit Suisse Group increased their price target on shares of Boston Beer from $150.00 to $151.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Citigroup increased 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. TheStreet raised shares of Boston Beer from a “c+” rating to a “b-” rating in a research note on Thursday, November 2nd. Finally, UBS Group downgraded shares of Boston Beer from a “positive” rating to a “neutral” rating in a research note on Monday, November 13th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a strong buy rating to the stock. Boston Beer currently has a consensus rating of “Hold” and an average price target of $160.33.

Boston Beer (NYSE SAM) traded up $1.60 during midday trading on Thursday, hitting $181.35. 143,897 shares of the company traded hands, compared to its average volume of 126,161. The firm has a market cap of $2,130.00, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 5.18 and a beta of 0.53. Boston Beer has a twelve month low of $128.70 and a twelve month high of $197.05.

In other news, Director David A. Burwick sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $190.01, for a total transaction of $950,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Martin F. Roper sold 773 shares of Boston Beer stock in a transaction on Monday, January 29th. The stock was sold at an average price of $190.62, for a total transaction of $147,349.26. Following the transaction, the insider now directly owns 33,046 shares of the company’s stock, valued at approximately $6,299,228.52. The disclosure for this sale can be found here. Insiders have sold 105,983 shares of company stock valued at $20,072,674 in the last ninety days. Insiders own 31.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in SAM. Endurance Wealth Management Inc. acquired a new position in shares of Boston Beer during the fourth quarter valued at about $134,000. Huntington National Bank grew its holdings in shares of Boston Beer by 173.9% during the fourth quarter. Huntington National Bank now owns 775 shares of the company’s stock valued at $148,000 after buying an additional 492 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Boston Beer during the third quarter valued at about $203,000. Texas Yale Capital Corp. acquired a new position in shares of Boston Beer during the fourth quarter valued at about $207,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Boston Beer by 5.1% during the second quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock valued at $208,000 after buying an additional 76 shares during the last quarter. 76.41% of the stock is owned by institutional investors and hedge funds.

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Boston Beer 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 (NYSE:SAM)

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