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

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have been given an average recommendation of “Hold” by the eleven analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $314.82.

SAM has been the subject of several recent research reports. Piper Sandler raised their target price on shares of Boston Beer from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, October 25th. UBS Group upped their target price on Boston Beer from $300.00 to $309.00 in a research note on Thursday, October 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $318.00 price target on shares of Boston Beer in a research report on Friday, October 25th. Jefferies Financial Group downgraded Boston Beer from a “buy” rating to a “hold” rating and reduced their price objective for the company from $355.00 to $325.00 in a research report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a research report on Thursday, October 24th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. LRI Investments LLC acquired a new position in Boston Beer during the first quarter worth approximately $28,000. Seven Eight Capital LP increased its holdings in shares of Boston Beer by 160.0% during the 1st quarter. Seven Eight Capital LP now owns 4,940 shares of the company’s stock worth $1,504,000 after buying an additional 3,040 shares during the last quarter. Natixis purchased a new position in shares of Boston Beer in the 1st quarter worth $3,044,000. Gamco Investors INC. ET AL boosted its holdings in Boston Beer by 16.9% in the first quarter. Gamco Investors INC. ET AL now owns 13,333 shares of the company’s stock valued at $4,059,000 after acquiring an additional 1,925 shares during the last quarter. Finally, Savant Capital LLC acquired a new position in Boston Beer in the second quarter valued at $982,000. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

Boston Beer Stock Performance

SAM opened at $309.16 on Thursday. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 45.46, a PEG ratio of 1.22 and a beta of 1.06. Boston Beer has a one year low of $254.40 and a one year high of $371.65. The business’s fifty day moving average is $290.59 and its two-hundred day moving average is $285.15.

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.