The Boston Beer Company, Inc. (NYSE:SAM) Receives Average Recommendation of “Hold” from Analysts

Shares of The Boston Beer Company, Inc. (NYSE:SAMGet Free Report) have earned an average recommendation of “Hold” from the thirteen analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $344.08.

A number of brokerages have recently commented on SAM. Morgan Stanley dropped their target price on Boston Beer from $285.00 to $275.00 and set an “underweight” rating for the company in a report on Wednesday, February 28th. Piper Sandler began coverage on Boston Beer in a report on Friday, March 22nd. They issued an “overweight” rating and a $350.00 target price for the company. Citigroup dropped their target price on Boston Beer from $370.00 to $350.00 and set a “neutral” rating for the company in a report on Wednesday, February 28th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $337.00 target price on shares of Boston Beer in a report on Wednesday, February 28th. Finally, Sanford C. Bernstein upgraded Boston Beer from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $280.00 to $335.00 in a report on Tuesday, January 16th.

View Our Latest Report on SAM

Boston Beer Price Performance

NYSE SAM opened at $299.84 on Wednesday. The stock has a market capitalization of $3.60 billion, a PE ratio of 48.36, a P/E/G ratio of 1.09 and a beta of 1.02. The business has a 50 day simple moving average of $327.84 and a two-hundred day simple moving average of $344.10. Boston Beer has a 1-year low of $287.33 and a 1-year high of $395.52.

Boston Beer (NYSE:SAMGet Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($1.49) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($1.27). The firm had revenue of $393.72 million for the quarter, compared to analysts’ expectations of $413.57 million. Boston Beer had a net margin of 3.61% and a return on equity of 8.13%. The business’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.93) EPS. On average, analysts anticipate that Boston Beer will post 9.98 EPS for the current fiscal year.

Insider Buying and Selling

In other Boston Beer news, insider Carolyn L. O’boyle sold 101 shares of Boston Beer stock in a transaction on Monday, April 1st. The stock was sold at an average price of $303.49, for a total transaction of $30,652.49. Following the completion of the sale, the insider now directly owns 7,029 shares of the company’s stock, valued at approximately $2,133,231.21. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Boston Beer news, insider Carolyn L. O’boyle sold 101 shares of Boston Beer stock in a transaction on Monday, April 1st. The stock was sold at an average price of $303.49, for a total transaction of $30,652.49. Following the completion of the sale, the insider now directly owns 7,029 shares of the company’s stock, valued at approximately $2,133,231.21. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Carolyn L. O’boyle sold 102 shares of Boston Beer stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $350.72, for a total value of $35,773.44. Following the sale, the insider now directly owns 2,630 shares of the company’s stock, valued at $922,393.60. The disclosure for this sale can be found here. 23.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Boston Beer

A number of institutional investors and hedge funds have recently bought and sold shares of SAM. Covestor Ltd raised its position in shares of Boston Beer by 88.4% in the 3rd quarter. Covestor Ltd now owns 81 shares of the company’s stock worth $32,000 after acquiring an additional 38 shares in the last quarter. Main Street Group LTD bought a new position in shares of Boston Beer in the 4th quarter worth $35,000. Eagle Bay Advisors LLC bought a new position in shares of Boston Beer in the 2nd quarter worth $32,000. Quarry LP bought a new position in shares of Boston Beer in the 4th quarter worth $42,000. Finally, KBC Group NV bought a new position in shares of Boston Beer in the 4th quarter worth $46,000. 81.13% of the stock is owned by institutional investors.

About Boston Beer

(Get Free Report

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.

See Also

Analyst Recommendations for Boston Beer (NYSE:SAM)

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