Boston Beer’s (SAM) Buy Rating Reiterated at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Boston Beer (NYSE:SAM) in a research report released on Wednesday morning,Benzinga reports. They currently have a $349.00 price target on the stock, down from their prior price target of $389.00.

SAM has been the subject of several other reports. UBS Group lowered their price objective on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Morgan Stanley decreased their price target on shares of Boston Beer from $290.00 to $270.00 and set an “equal weight” rating for the company in a research report on Wednesday. Piper Sandler cut shares of Boston Beer from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $370.00 to $275.00 in a research report on Thursday, January 23rd. Citigroup decreased their price target on shares of Boston Beer from $335.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Finally, Needham & Company LLC began coverage on shares of Boston Beer in a research report on Friday, December 6th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $293.40.

Boston Beer Stock Down 0.1 %

Shares of NYSE SAM opened at $243.80 on Wednesday. Boston Beer has a 52-week low of $222.27 and a 52-week high of $339.77. The firm has a fifty day moving average of $257.33 and a 200-day moving average of $280.37. The stock has a market capitalization of $2.80 billion, a PE ratio of 35.85, a P/E/G ratio of 1.23 and a beta of 1.06.

Institutional Trading of Boston Beer

Several large investors have recently modified their holdings of SAM. Blue Trust Inc. grew its stake in shares of Boston Beer by 405.6% during the fourth quarter. Blue Trust Inc. now owns 91 shares of the company’s stock valued at $26,000 after acquiring an additional 73 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Boston Beer by 2,225.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company’s stock valued at $28,000 after acquiring an additional 89 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Boston Beer by 105.1% during the third quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock valued at $35,000 after acquiring an additional 62 shares in the last quarter. GeoWealth Management LLC bought a new position in shares of Boston Beer during the fourth quarter worth about $35,000. Finally, Covestor Ltd lifted its position in shares of Boston Beer by 36.6% during the third quarter. Covestor Ltd now owns 127 shares of the company’s stock worth $37,000 after purchasing an additional 34 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

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, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.