The Boston Beer Company, Inc. (NYSE:SAM) Receives Consensus Rating of “Hold” from Brokerages

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have received a consensus rating of “Hold” from the eleven research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $293.40.

Several research firms recently commented on SAM. StockNews.com upgraded shares of Boston Beer from a “hold” rating to a “buy” rating in a report on Tuesday. Piper Sandler decreased their target price on shares of Boston Beer from $275.00 to $240.00 and set a “neutral” rating for the company in a research note on Wednesday. Roth Mkm reaffirmed a “buy” rating and issued a $349.00 price target (down from $389.00) on shares of Boston Beer in a research note on Wednesday. Citigroup cut their price objective on Boston Beer from $335.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, UBS Group lowered their target price on Boston Beer from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. boosted its position in Boston Beer by 405.6% during the fourth quarter. Blue Trust Inc. now owns 91 shares of the company’s stock worth $26,000 after purchasing an additional 73 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Boston Beer by 2,225.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company’s stock worth $28,000 after buying an additional 89 shares during the period. GeoWealth Management LLC acquired a new position in Boston Beer in the 4th quarter valued at $35,000. First Horizon Advisors Inc. raised its holdings in Boston Beer by 105.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after acquiring an additional 62 shares during the period. Finally, Covestor Ltd lifted its position in Boston Beer by 36.6% during the 3rd quarter. Covestor Ltd now owns 127 shares of the company’s stock worth $37,000 after acquiring an additional 34 shares during the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Trading Up 2.8 %

Shares of NYSE SAM opened at $240.91 on Friday. Boston Beer has a one year low of $222.27 and a one year high of $371.65. The business has a 50-day moving average price of $259.81 and a two-hundred day moving average price of $280.78. The firm has a market capitalization of $2.77 billion, a PE ratio of 35.43, a PEG ratio of 1.23 and a beta of 1.06.

Boston Beer Company Profile

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.