The Boston Beer Company, Inc. (NYSE:SAM) Given Average Rating of "Hold" by Brokerages

The Boston Beer Company, Inc. (NYSE:SAM - Get Free Report) has been given an average rating of "Hold" by the twelve research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $326.92.

Several research analysts have issued reports on the company. Royal Bank of Canada cut their price objective on Boston Beer from $332.00 to $318.00 and set a "sector perform" rating for the company in a research report on Friday, July 26th. Piper Sandler cut their price target on shares of Boston Beer from $344.00 to $325.00 and set an "overweight" rating for the company in a report on Friday, July 26th. Roth Mkm decreased their price objective on shares of Boston Beer from $395.00 to $389.00 and set a "buy" rating on the stock in a report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Boston Beer from $273.00 to $283.00 and gave the stock a "hold" rating in a research report on Wednesday, July 17th.

Boston Beer Stock Performance

Boston Beer stock traded up $4.91 during trading hours on Friday, reaching $298.81. 188,328 shares of the stock were exchanged, compared to its average volume of 159,581. The stock has a market cap of $3.57 billion, a P/E ratio of 37.49, a P/E/G ratio of 1.12 and a beta of 1.06. The firm's 50 day moving average is $277.42 and its 200 day moving average is $282.14. Boston Beer has a 52-week low of $254.40 and a 52-week high of $378.08.

Boston Beer (NYSE:SAM - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The company reported $4.39 EPS for the quarter, missing analysts' consensus estimates of $4.99 by ($0.60). Boston Beer had a net margin of 4.39% and a return on equity of 9.69%. The firm had revenue of $579.10 million during the quarter, compared to analyst estimates of $597.33 million. During the same quarter in the previous year, the business earned $4.72 EPS. Boston Beer's revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts expect that Boston Beer will post 9.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Boston Beer

Institutional investors and hedge funds have recently bought and sold shares of the stock. LRI Investments LLC purchased a new stake in shares of Boston Beer in the first quarter valued at $28,000. ORG Partners LLC purchased a new position in Boston Beer in the 2nd quarter valued at about $48,000. Sachetta LLC boosted its stake in shares of Boston Beer by 1,533.3% during the 2nd quarter. Sachetta LLC now owns 245 shares of the company's stock worth $68,000 after purchasing an additional 230 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Boston Beer by 61.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 250 shares of the company's stock worth $75,000 after buying an additional 95 shares in the last quarter. Finally, Quarry LP raised its position in shares of Boston Beer by 984.0% in the second quarter. Quarry LP now owns 271 shares of the company's stock valued at $83,000 after buying an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 81.13% of the company's stock.

Boston Beer Company Profile

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.