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

Shares of The Boston Beer Company, Inc. (NYSE:SAM - Get Free Report) have earned an average rating of "Hold" from the twelve analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $314.82.

A number of research analysts have issued reports on SAM shares. Roth Mkm restated a "buy" rating and issued a $389.00 target price on shares of Boston Beer in a report on Wednesday, October 23rd. Royal Bank of Canada reissued a "sector perform" rating and set a $318.00 price objective on shares of Boston Beer in a research note on Friday, October 25th. UBS Group increased their price target on Boston Beer from $300.00 to $309.00 in a research note on Thursday, October 24th. Jefferies Financial Group downgraded Boston Beer from a "buy" rating to a "hold" rating and lowered their price objective for the company from $355.00 to $325.00 in a research report on Friday, October 25th. Finally, Needham & Company LLC assumed coverage on Boston Beer in a research note on Friday, December 6th. They issued a "hold" rating on the stock.

Boston Beer Trading Down 3.8 %

Shares of NYSE SAM traded down $11.54 during trading on Friday, reaching $289.72. The company had a trading volume of 221,796 shares, compared to its average volume of 148,198. The stock has a market capitalization of $3.33 billion, a PE ratio of 42.61, a price-to-earnings-growth ratio of 1.21 and a beta of 1.07. Boston Beer has a twelve month low of $254.40 and a twelve month high of $371.65. The stock has a 50-day moving average price of $308.12 and a two-hundred day moving average price of $291.19.

Institutional Investors Weigh In On Boston Beer

Several large investors have recently made changes to their positions in SAM. First Horizon Advisors Inc. raised its stake in shares of Boston Beer by 105.1% during the third quarter. First Horizon Advisors Inc. now owns 121 shares of the company's stock valued at $35,000 after purchasing an additional 62 shares during the period. Covestor Ltd grew its holdings in Boston Beer by 36.6% during the 3rd quarter. Covestor Ltd now owns 127 shares of the company's stock valued at $37,000 after purchasing an additional 34 shares in the last quarter. GAMMA Investing LLC increased its stake in Boston Beer by 59.3% during the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company's stock worth $39,000 after buying an additional 48 shares during the period. True Wealth Design LLC purchased a new stake in Boston Beer during the 3rd quarter worth $47,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Boston Beer in the 3rd quarter worth $49,000. Institutional investors and hedge funds own 81.13% of the company's stock.

About Boston Beer

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.