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

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have received an average recommendation of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $314.82.

SAM has been the topic of a number of research analyst reports. Jefferies Financial Group cut shares of Boston Beer from a “buy” rating to a “hold” rating and cut their price target for the company from $355.00 to $325.00 in a research report on Friday, October 25th. Roth Mkm reaffirmed a “buy” rating and set a $389.00 target price on shares of Boston Beer in a research note on Wednesday, October 23rd. UBS Group lifted their target price on Boston Beer from $300.00 to $309.00 in a report on Thursday, October 24th. Royal Bank of Canada restated a “sector perform” rating and set a $318.00 price target on shares of Boston Beer in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a research note on Thursday, October 24th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Covestor Ltd lifted its position in Boston Beer by 36.6% in the 3rd quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after acquiring an additional 34 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Boston Beer by 59.3% in the fourth quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock valued at $39,000 after purchasing an additional 48 shares in the last quarter. First Horizon Advisors Inc. boosted its position 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 buying an additional 62 shares during the last quarter. Great Valley Advisor Group Inc. grew its holdings in Boston Beer by 8.5% during the third quarter. Great Valley Advisor Group Inc. now owns 867 shares of the company’s stock worth $251,000 after buying an additional 68 shares in the last quarter. Finally, National Bank of Canada FI raised its position in Boston Beer by 10.0% in the 3rd quarter. National Bank of Canada FI now owns 793 shares of the company’s stock valued at $229,000 after buying an additional 72 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Boston Beer Stock Performance

NYSE:SAM opened at $280.06 on Friday. Boston Beer has a 52 week low of $254.40 and a 52 week high of $371.65. The firm’s fifty day moving average is $307.31 and its 200-day moving average is $290.95. The firm has a market cap of $3.22 billion, a P/E ratio of 41.19, a P/E/G ratio of 1.21 and a beta of 1.08.

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.