The Boston Beer Company, Inc. (NYSE:SAM – Get Free Report) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $314.82.
Several analysts recently weighed in on the company. Jefferies Financial Group lowered Boston Beer from a “buy” rating to a “hold” rating and lowered their price objective for the company from $355.00 to $325.00 in a report on Friday. Royal Bank of Canada reiterated a “sector perform” rating and set a $318.00 price objective on shares of Boston Beer in a research report on Friday. Roth Mkm restated a “buy” rating and issued a $389.00 target price on shares of Boston Beer in a research report on Wednesday. UBS Group upped their target price on Boston Beer from $300.00 to $309.00 in a research report on Thursday. Finally, Piper Sandler upped their price target on Boston Beer from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Friday.
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Boston Beer Trading Down 2.0 %
Shares of Boston Beer stock opened at $295.96 on Friday. Boston Beer has a twelve month low of $254.40 and a twelve month high of $372.61. The stock has a market capitalization of $3.47 billion, a P/E ratio of 38.74, a PEG ratio of 1.23 and a beta of 1.06. The business’s fifty day moving average price is $279.71 and its 200 day moving average price is $282.24.
Boston Beer (NYSE:SAM – Get Free Report) last announced its earnings results on Thursday, July 25th. The company reported $4.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.60). The business had revenue of $579.10 million for the quarter, compared to analysts’ expectations of $597.33 million. Boston Beer had a return on equity of 9.69% and a net margin of 4.39%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.72 earnings per share. As a group, sell-side analysts predict that Boston Beer will post 9.63 EPS for the current year.
About Boston Beer
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, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.
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