Boston Beer Company, Inc. (The) (NYSE:SAM) has been given an average rating of “Hold” by the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $141.38.

Several equities research analysts have commented on SAM shares. BidaskClub raised shares of Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Macquarie started coverage on shares of Boston Beer Company, Inc. (The) in a research note on Thursday, September 14th. They issued an “underperform” rating and a $140.00 target price for the company. Credit Suisse Group AG raised shares of Boston Beer Company, Inc. (The) from an “underperform” rating to a “neutral” rating and upped their target price for the company from $140.00 to $150.00 in a research note on Tuesday, September 26th. Berenberg Bank reaffirmed a “sell” rating and issued a $124.00 target price on shares of Boston Beer Company, Inc. (The) in a research note on Monday, September 18th. Finally, Jefferies Group LLC reaffirmed a “hold” rating on shares of Boston Beer Company, Inc. (The) in a research note on Thursday, September 7th.

Shares of Boston Beer Company, Inc. (SAM) traded down 1.43% during mid-day trading on Friday, reaching $165.20. 118,033 shares of the company were exchanged. The firm has a 50-day moving average price of $152.80 and a 200 day moving average price of $143.90. The stock has a market capitalization of $1.98 billion, a P/E ratio of 23.51 and a beta of 0.56. Boston Beer Company, Inc. has a 12 month low of $128.70 and a 12 month high of $180.45.

Boston Beer Company, Inc. (The) (NYSE:SAM) last posted its quarterly earnings results on Thursday, July 27th. The company reported $2.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.89. The business had revenue of $247.90 million during 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%. Boston Beer Company, Inc. (The)’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.06 earnings per share. Equities research analysts anticipate that Boston Beer Company, Inc. will post $5.87 EPS for the current fiscal year.

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In other news, VP David L. Grinnell sold 2,628 shares of the company’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 value of $420,217.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 31.30% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Boston Beer Company, Inc. (The) by 5.5% in the first quarter. Vanguard Group Inc. now owns 734,000 shares of the company’s stock valued at $106,173,000 after buying an additional 38,583 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Boston Beer Company, Inc. (The) by 83.9% during the second quarter. BNP Paribas Arbitrage SA now owns 5,534 shares of the company’s stock worth $731,000 after purchasing an additional 2,524 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in Boston Beer Company, Inc. (The) by 4.1% during the first quarter. OppenheimerFunds Inc. now owns 94,967 shares of the company’s stock worth $13,736,000 after purchasing an additional 3,751 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in Boston Beer Company, Inc. (The) by 1.5% during the first quarter. Metropolitan Life Insurance Co. NY now owns 14,665 shares of the company’s stock worth $2,121,000 after purchasing an additional 220 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in Boston Beer Company, Inc. (The) by 5.4% during the first quarter. Mutual of America Capital Management LLC now owns 7,115 shares of the company’s stock worth $1,029,000 after purchasing an additional 367 shares during the last quarter. Institutional investors own 70.73% of the company’s stock.

About Boston Beer Company, Inc. (The)

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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