Equities researchers at Stifel Nicolaus started coverage on shares of Boston Beer (NYSE:SAM) in a report released on Tuesday. The brokerage set a “hold” rating and a $166.00 price target on the stock. Stifel Nicolaus’ price target indicates a potential downside of 12.03% from the stock’s current price.

Several other research firms have also recently issued reports on SAM. Credit Suisse Group boosted their target price on Boston Beer from $150.00 to $151.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Susquehanna Bancshares cut Boston Beer from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $216.00 to $183.00 in a research report on Monday, November 13th. UBS cut Boston Beer from a “positive” rating to a “neutral” rating in a research report on Monday, November 13th. Zacks Investment Research cut Boston Beer from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 16th. Finally, TheStreet upgraded Boston Beer from a “c+” rating to a “b-” rating in a report on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $151.27.

Shares of Boston Beer (NYSE SAM) opened at $188.70 on Tuesday. The company has a market capitalization of $2,183.24, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 6.11 and a beta of 0.57. Boston Beer has a one year low of $128.70 and a one year high of $189.40.

Boston Beer (NYSE:SAM) last released its earnings results on Thursday, October 26th. The company reported $2.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.79. Boston Beer had a return on equity of 21.11% and a net margin of 9.97%. The company had revenue of $247.04 million for the quarter, compared to analysts’ expectations of $256.73 million. During the same quarter in the previous year, the firm posted $2.48 EPS. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. analysts predict that Boston Beer will post 6.08 EPS for the current year.

In related news, insider Jonathan N. Potter sold 771 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $173.50, for a total value of $133,768.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 28.50% of the company’s stock.

A number of large investors have recently made changes to their positions in SAM. JPMorgan Chase & Co. grew its holdings in Boston Beer by 443.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 118,251 shares of the company’s stock valued at $18,802,000 after buying an additional 96,481 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Boston Beer by 104.8% during the 3rd quarter. Prudential Financial Inc. now owns 132,762 shares of the company’s stock worth $20,738,000 after purchasing an additional 67,940 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Boston Beer by 147.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 81,738 shares of the company’s stock worth $10,801,000 after purchasing an additional 48,757 shares during the period. Arlington Value Capital LLC purchased a new position in shares of Boston Beer during the 2nd quarter worth $6,311,000. Finally, American Century Companies Inc. lifted its stake in shares of Boston Beer by 16.4% during the 2nd quarter. American Century Companies Inc. now owns 333,995 shares of the company’s stock worth $44,137,000 after purchasing an additional 47,027 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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About Boston Beer

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 (NYSE:SAM)

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