Boston Beer Company, Inc. (The) (NYSE:SAM) has earned a consensus rating of “Hold” from the eleven research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $142.13.

A number of equities analysts recently issued reports on the stock. BidaskClub raised shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Goldman Sachs Group, Inc. (The) downgraded shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $140.00 to $110.00 in a report on Monday, July 24th. Royal Bank Of Canada reissued a “hold” rating and issued a $158.00 price objective on shares of Boston Beer Company, Inc. (The) in a report on Friday, June 30th. Cowen and Company reissued a “sell” rating and issued a $126.00 price objective on shares of Boston Beer Company, Inc. (The) in a report on Friday, July 14th. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and issued a $175.00 price objective (down previously from $179.00) on shares of Boston Beer Company, Inc. (The) in a report on Friday, July 21st.

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In other Boston Beer Company, Inc. (The) news, VP David L. Grinnell sold 2,628 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $159.90, for a total transaction of $420,217.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 28.50% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC raised its position in shares of Boston Beer Company, Inc. (The) by 0.5% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 1,612 shares of the company’s stock valued at $276,000 after buying an additional 8 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Boston Beer Company, Inc. (The) by 2.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,312 shares of the company’s stock valued at $306,000 after buying an additional 60 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Boston Beer Company, Inc. (The) by 0.3% during the second quarter. Nationwide Fund Advisors now owns 20,811 shares of the company’s stock valued at $2,750,000 after buying an additional 67 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Boston Beer Company, Inc. (The) by 5.1% during the second quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock valued at $208,000 after buying an additional 76 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Boston Beer Company, Inc. (The) by 2.2% during the first quarter. Arizona State Retirement System now owns 3,900 shares of the company’s stock valued at $564,000 after buying an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 70.74% of the company’s stock.

Shares of Boston Beer Company, Inc. (NYSE:SAM) traded up 0.03% during mid-day trading on Wednesday, reaching $149.55. 181,609 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $146.43 and its 200-day moving average price is $143.65. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 21.28 and a beta of 0.57. Boston Beer Company, Inc. has a 12-month low of $128.70 and a 12-month high of $183.11.

Boston Beer Company, Inc. (The) (NYSE:SAM) last posted its quarterly earnings data on Thursday, July 27th. The company reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.89. The company had revenue of $247.90 million for the quarter, compared to the consensus estimate of $222.74 million. Boston Beer Company, Inc. (The) had a net margin of 9.65% and a return on equity of 20.19%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.06 earnings per share. Equities research analysts forecast that Boston Beer Company, Inc. will post $5.79 earnings per share for the current year.

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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