Boston Beer (NYSE:SAM) had its price objective raised by Guggenheim from $372.00 to $421.00 in a research report sent to investors on Friday morning, Briefing.com Automated Import reports. Guggenheim currently has a buy rating on the stock.

Several other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Hancock Jaffe Laboratories from a buy rating to a hold rating in a report on Wednesday, June 26th. Credit Suisse Group downgraded Air China from a neutral rating to an underperform rating in a report on Monday, June 10th. Goldman Sachs Group started coverage on Colfax in a report on Friday, April 5th. They set a buy rating and a $34.00 target price on the stock. ValuEngine lowered Ultrapar Participacoes from a sell rating to a strong sell rating in a research note on Thursday, April 25th. Finally, Macquarie raised their price objective on Boston Beer from $325.00 to $365.00 and gave the company a neutral rating in a research note on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $305.52.

Shares of NYSE:SAM opened at $396.83 on Friday. The stock has a market cap of $4.63 billion, a P/E ratio of 53.12, a P/E/G ratio of 4.62 and a beta of 0.69. Boston Beer has a one year low of $230.93 and a one year high of $400.10. The company’s 50-day moving average is $347.54.

Boston Beer (NYSE:SAM) last announced its earnings results on Wednesday, April 24th. The company reported $1.87 EPS for the quarter, beating the consensus estimate of $0.89 by $0.98. The business had revenue of $252.00 million for the quarter, compared to the consensus estimate of $232.19 million. Boston Beer had a return on equity of 23.00% and a net margin of 9.94%. The company’s revenue was up 32.3% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. Research analysts forecast that Boston Beer will post 8.59 earnings per share for the current fiscal year.

In other Boston Beer news, VP David L. Grinnell sold 500 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $342.50, for a total transaction of $171,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David L. Grinnell sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $331.25, for a total value of $331,250.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,105 shares of company stock valued at $2,230,975. 28.40% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of SAM. Buffington Mohr McNeal acquired a new position in shares of Boston Beer in the 1st quarter worth approximately $29,000. Quadrant Capital Group LLC acquired a new position in shares of Boston Beer in the 1st quarter worth approximately $51,000. Osborn Williams & Donohoe LLC acquired a new position in shares of Boston Beer in the 1st quarter worth approximately $53,000. Marshall Wace North America L.P. acquired a new position in Boston Beer during the 1st quarter valued at approximately $59,000. Finally, NumerixS Investment Technologies Inc acquired a new position in Boston Beer during the 4th quarter valued at approximately $72,000. Institutional investors own 74.34% of the company’s stock.

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, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.

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Analyst Recommendations for Boston Beer (NYSE:SAM)

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