The Boston Beer Company, Inc. (NYSE:SAM) Receives Consensus Recommendation of “Hold” from Analysts

The Boston Beer Company, Inc. (NYSE:SAM) 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.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SAM. Vanguard Group Inc. raised its position in shares of Boston Beer by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 918,502 shares of the company’s stock valued at $317,425,000 after acquiring an additional 21,060 shares during the last quarter. Cardinal Capital Management boosted its stake in Boston Beer by 45.5% in the 1st quarter. Cardinal Capital Management now owns 4,051 shares of the company’s stock worth $1,233,000 after purchasing an additional 1,267 shares during the period. Foguth Wealth Management LLC. acquired a new position in Boston Beer in the 1st quarter worth $243,000. Principal Financial Group Inc. lifted its position in Boston Beer by 1.8% during the 1st quarter. Principal Financial Group Inc. now owns 35,580 shares of the company’s stock worth $10,831,000 after buying an additional 645 shares in the last quarter. Finally, Summit Place Financial Advisors LLC lifted its position in Boston Beer by 74.0% during the 1st quarter. Summit Place Financial Advisors LLC now owns 2,751 shares of the company’s stock worth $837,000 after buying an additional 1,170 shares in the last quarter. Institutional investors own 81.13% of the company’s stock.

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) 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.