Analysts Set The Boston Beer Company, Inc. (NYSE:SAM) Price Target at $293.40

The Boston Beer Company, Inc. (NYSE:SAM) has earned a consensus rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $292.40.

A number of research analysts recently weighed in on SAM shares. StockNews.com downgraded Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Needham & Company LLC started coverage on Boston Beer in a research report on Friday, December 6th. They set a “hold” rating on the stock. UBS Group reduced their price target on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Roth Mkm restated a “buy” rating and set a $349.00 price objective (down previously from $389.00) on shares of Boston Beer in a report on Wednesday, February 26th. Finally, Citigroup upgraded shares of Boston Beer from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $265.00 to $280.00 in a report on Thursday, March 20th.

Boston Beer Trading Down 1.3 %

SAM opened at $234.00 on Wednesday. The company has a market cap of $2.63 billion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. The company has a fifty day moving average price of $238.54 and a two-hundred day moving average price of $274.91. Boston Beer has a 1-year low of $215.10 and a 1-year high of $339.77.

Institutional Investors Weigh In On Boston Beer

A number of institutional investors have recently added to or reduced their stakes in SAM. Blue Trust Inc. grew its holdings in shares of Boston Beer by 405.6% in the fourth quarter. Blue Trust Inc. now owns 91 shares of the company’s stock valued at $26,000 after acquiring an additional 73 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Boston Beer by 2,225.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company’s stock valued at $28,000 after purchasing an additional 89 shares during the period. First Horizon Advisors Inc. grew its stake in Boston Beer by 105.1% in the 3rd 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. GeoWealth Management LLC purchased a new stake in shares of Boston Beer during the 4th quarter valued at $35,000. Finally, GAMMA Investing LLC raised its stake in shares of 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 purchasing an additional 48 shares during the period. 81.13% of the stock is owned by institutional investors.

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.