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

The Boston Beer Company, Inc. (NYSE:SAM) has been assigned a consensus rating of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $292.40.

SAM has been the topic of several research analyst reports. StockNews.com cut shares of Boston Beer from a “buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Morgan Stanley decreased their price objective on shares of Boston Beer from $290.00 to $270.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Roth Mkm reaffirmed a “buy” rating and set a $349.00 price objective (down from $389.00) on shares of Boston Beer in a research note on Wednesday, February 26th. Needham & Company LLC initiated coverage on shares of Boston Beer in a research note on Friday, December 6th. They set a “hold” rating on the stock. Finally, Citigroup raised shares of Boston Beer from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $265.00 to $280.00 in a research note on Thursday.

Hedge Funds Weigh In On Boston Beer

Several large investors have recently bought and sold shares of SAM. Claro Advisors LLC acquired a new position in Boston Beer in the third quarter valued at approximately $268,000. Quest Partners LLC acquired a new position in Boston Beer in the third quarter valued at approximately $339,000. First Horizon Advisors Inc. lifted its holdings in Boston Beer by 105.1% in the third quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock valued at $35,000 after buying an additional 62 shares during the period. Landscape Capital Management L.L.C. acquired a new position in Boston Beer in the third quarter valued at approximately $317,000. Finally, Great Valley Advisor Group Inc. lifted its holdings in Boston Beer by 8.5% in the third quarter. Great Valley Advisor Group Inc. now owns 867 shares of the company’s stock valued at $251,000 after buying an additional 68 shares during the period. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Boston Beer Stock Up 0.1 %

NYSE SAM opened at $227.66 on Wednesday. The stock has a market cap of $2.56 billion, a P/E ratio of 33.48, a PEG ratio of 1.23 and a beta of 1.14. Boston Beer has a twelve month low of $215.10 and a twelve month high of $339.77. The company’s 50-day simple moving average is $239.53 and its 200 day simple moving average is $275.58.

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.