The Boston Beer Company, Inc. (NYSE:SAM) Receives $302.90 Consensus PT from Brokerages

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have received an average recommendation of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $293.40.

Several analysts recently weighed in on the stock. Needham & Company LLC assumed coverage on shares of Boston Beer in a report on Friday, December 6th. They issued a “hold” rating on the stock. UBS Group dropped their target price on shares of Boston Beer from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Piper Sandler dropped their target price on shares of Boston Beer from $275.00 to $240.00 and set a “neutral” rating on the stock in a report on Wednesday. Citigroup dropped their target price on shares of Boston Beer from $335.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Finally, Roth Mkm restated a “buy” rating and set a $349.00 target price (down previously from $389.00) on shares of Boston Beer in a report on Wednesday.

Hedge Funds Weigh In On Boston Beer

Large investors have recently modified their holdings of the stock. Mackenzie Financial Corp purchased a new position in Boston Beer in the 4th quarter worth about $416,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Boston Beer by 24.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,835 shares of the company’s stock worth $6,250,000 after buying an additional 4,082 shares during the last quarter. Squarepoint Ops LLC raised its position in Boston Beer by 9.0% in the 4th quarter. Squarepoint Ops LLC now owns 8,666 shares of the company’s stock worth $2,600,000 after buying an additional 717 shares during the last quarter. Tidal Investments LLC raised its position in Boston Beer by 105.1% in the 4th quarter. Tidal Investments LLC now owns 2,119 shares of the company’s stock worth $636,000 after buying an additional 1,086 shares during the last quarter. Finally, True Wealth Design LLC raised its position in Boston Beer by 44.1% in the 4th quarter. True Wealth Design LLC now owns 232 shares of the company’s stock worth $70,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Down 0.1 %

NYSE:SAM opened at $243.80 on Friday. The stock has a market cap of $2.80 billion, a P/E ratio of 35.85, a price-to-earnings-growth ratio of 1.23 and a beta of 1.06. The firm’s fifty day simple moving average is $257.33 and its 200 day simple moving average is $280.37. Boston Beer has a twelve month low of $222.27 and a twelve month high of $339.77.

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.