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

Shares of The Boston Beer Company, Inc. (NYSE:SAMGet Free Report) have earned an average recommendation of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $350.31.

SAM has been the topic of several recent research reports. Roth Mkm lifted their price objective on shares of Boston Beer from $406.00 to $422.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Wedbush boosted their price target on shares of Boston Beer from $370.00 to $378.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Jefferies Financial Group started coverage on shares of Boston Beer in a research report on Monday, November 13th. They set a “hold” rating and a $375.00 price target on the stock. Morgan Stanley boosted their price target on shares of Boston Beer from $270.00 to $285.00 and gave the stock an “underweight” rating in a research report on Friday, October 27th. Finally, UBS Group lowered their price objective on shares of Boston Beer from $408.00 to $390.00 and set a “neutral” rating on the stock in a research note on Friday, October 27th.

Check Out Our Latest Stock Analysis on Boston Beer

Boston Beer Stock Performance

Boston Beer stock opened at $356.40 on Tuesday. The company has a market cap of $4.34 billion, a P/E ratio of 52.72, a PEG ratio of 1.04 and a beta of 1.09. The firm’s 50-day moving average is $350.50 and its 200-day moving average is $356.34. Boston Beer has a 1 year low of $296.27 and a 1 year high of $396.20.

Insider Buying and Selling at Boston Beer

In other Boston Beer news, insider Carolyn L. O’boyle sold 102 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $354.90, for a total value of $36,199.80. Following the transaction, the insider now directly owns 2,834 shares of the company’s stock, valued at approximately $1,005,786.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 306 shares of company stock valued at $107,146 in the last ninety days. 23.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Boston Beer

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Boston Beer by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 886,104 shares of the company’s stock valued at $286,787,000 after purchasing an additional 18,969 shares in the last quarter. State Street Corp boosted its holdings in Boston Beer by 0.6% during the 2nd quarter. State Street Corp now owns 261,664 shares of the company’s stock worth $80,708,000 after acquiring an additional 1,612 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Boston Beer by 5.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 142,014 shares of the company’s stock worth $49,080,000 after acquiring an additional 7,615 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Boston Beer by 5.3% during the 2nd quarter. Geode Capital Management LLC now owns 137,739 shares of the company’s stock worth $42,484,000 after acquiring an additional 6,897 shares during the last quarter. Finally, Southernsun Asset Management LLC boosted its holdings in shares of Boston Beer by 5.4% in the 2nd quarter. Southernsun Asset Management LLC now owns 133,099 shares of the company’s stock worth $41,053,000 after buying an additional 6,789 shares during the last quarter. 64.10% of the stock is currently owned by institutional investors and hedge funds.

Boston Beer Company Profile

(Get Free Report

The Boston Beer Company, Inc engages in the production and sale of 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 Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, and Havana Lager brand names.

Further Reading

Analyst Recommendations for Boston Beer (NYSE:SAM)

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