The Boston Beer Company, Inc. (NYSE:SAM) Given Consensus Rating of “Hold” by Analysts

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have received a consensus rating of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $247.2818.

A number of analysts recently weighed in on SAM shares. Weiss Ratings raised shares of Boston Beer from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 6th. Piper Sandler decreased their target price on shares of Boston Beer from $230.00 to $220.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Citigroup cut their price target on Boston Beer from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Finally, UBS Group reduced their price objective on Boston Beer from $246.00 to $234.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th.

Boston Beer Trading Up 1.1%

NYSE:SAM opened at $250.21 on Friday. The stock has a 50 day moving average of $209.80 and a 200-day moving average of $212.51. The firm has a market capitalization of $2.67 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 1.80 and a beta of 1.03. Boston Beer has a 52 week low of $185.34 and a 52 week high of $260.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Quent Capital LLC acquired a new stake in shares of Boston Beer in the 3rd quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in Boston Beer by 137.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 159 shares of the company’s stock worth $34,000 after purchasing an additional 92 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Boston Beer in the fourth quarter worth approximately $35,000. GAMMA Investing LLC boosted its stake in Boston Beer by 81.7% during the 3rd quarter. GAMMA Investing LLC now owns 189 shares of the company’s stock valued at $40,000 after purchasing an additional 85 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Boston Beer by 154.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock valued at $49,000 after purchasing an additional 141 shares during the period. 81.13% of the stock is owned by institutional investors and hedge funds.

Boston Beer Company Profile

The Boston Beer Company, Inc (NYSE: SAM) is a leading craft brewer headquartered in Boston, Massachusetts. Since its founding in 1984 by Jim Koch, the company has focused on producing high-quality, distinctive beers and beverages for retail, on-premise, and distribution partners across the United States. Its operations include brewing, packaging, marketing and distribution, supported by a network of wholly owned brewing facilities and strategic partnerships with regional breweries.

Boston Beer’s flagship brand, Samuel Adams Boston Lager, helped establish the modern U.S.