Boston Beer Company, Inc. (The) (NYSE:SAM) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday.

Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a research report on Monday, July 17th. Royal Bank Of Canada reissued a “hold” rating and set a $158.00 price objective on shares of Boston Beer Company, Inc. (The) in a research report on Friday, June 30th. Jefferies Group LLC reissued a “hold” rating and set a $130.00 price objective (down from $145.00) on shares of Boston Beer Company, Inc. (The) in a research report on Tuesday, April 18th. Susquehanna Bancshares Inc set a $154.00 price objective on shares of Boston Beer Company, Inc. (The) and gave the company a “hold” rating in a research report on Monday, April 17th. Finally, UBS AG raised shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “positive” rating in a research report on Friday, April 28th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $142.13.

Boston Beer Company, Inc. (NYSE:SAM) opened at 149.45 on Wednesday. Boston Beer Company, Inc. has a 52-week low of $128.70 and a 52-week high of $194.98. The company’s 50 day moving average is $136.10 and its 200-day moving average is $145.36. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 21.26 and a beta of 0.55.

Boston Beer Company, Inc. (The) (NYSE:SAM) last announced its quarterly earnings data on Thursday, July 27th. The company reported $2.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.89. Boston Beer Company, Inc. (The) had a net margin of 9.65% and a return on equity of 20.19%. The company had revenue of $247.90 million for the quarter, compared to the consensus estimate of $222.74 million. During the same period in the prior year, the firm posted $2.06 EPS. Boston Beer Company, Inc. (The)’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts anticipate that Boston Beer Company, Inc. will post $5.78 EPS for the current fiscal year.

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In other Boston Beer Company, Inc. (The) news, Director David A. Burwick sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $144.00, for a total transaction of $720,000.00. Following the transaction, the director now owns 6,094 shares in the company, valued at approximately $877,536. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David L. Grinnell sold 2,628 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $159.90, for a total transaction of $420,217.20. The disclosure for this sale can be found here. Insiders have sold a total of 8,000 shares of company stock worth $1,193,436 in the last 90 days. Company insiders own 28.50% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in shares of Boston Beer Company, Inc. (The) by 85.6% in the first quarter. Victory Capital Management Inc. now owns 826 shares of the company’s stock valued at $119,000 after buying an additional 381 shares during the period. Horan Capital Management acquired a new position in shares of Boston Beer Company, Inc. (The) during the first quarter valued at $145,000. IFP Advisors Inc boosted its position in shares of Boston Beer Company, Inc. (The) by 81.7% in the first quarter. IFP Advisors Inc now owns 1,070 shares of the company’s stock valued at $155,000 after buying an additional 481 shares during the period. Advantus Capital Management Inc boosted its position in shares of Boston Beer Company, Inc. (The) by 8.8% in the first quarter. Advantus Capital Management Inc now owns 1,230 shares of the company’s stock valued at $178,000 after buying an additional 100 shares during the period. Finally, Acrospire Investment Management LLC boosted its position in shares of Boston Beer Company, Inc. (The) by 333.3% in the first quarter. Acrospire Investment Management LLC now owns 1,300 shares of the company’s stock valued at $188,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 70.61% of the company’s stock.

Boston Beer Company, Inc. (The) Company Profile

The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.

Analyst Recommendations for Boston Beer Company, Inc. (The) (NYSE:SAM)

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