Boston Beer Company, Inc. (The) (SAM) Stock Rating Lowered by UBS AG

Boston Beer Company, Inc. (The) (NYSE:SAM) was downgraded by research analysts at UBS AG from a “positive” rating to a “neutral” rating in a research report issued on Monday.

A number of other research firms have also commented on SAM. TheStreet upgraded shares of Boston Beer Company, Inc. (The) from a “c+” rating to a “b-” rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a research note on Monday, July 17th. BidaskClub upgraded shares of Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating on shares of Boston Beer Company, Inc. (The) in a research note on Thursday, September 7th. Finally, Credit Suisse Group increased their price objective on shares of Boston Beer Company, Inc. (The) from $151.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $149.80.

Boston Beer Company, Inc. (NYSE:SAM) traded down $0.20 during trading on Monday, reaching $173.00. 96,000 shares of the company’s stock traded hands, compared to its average volume of 168,385. The company has a market cap of $2,036.83, a PE ratio of 23.63, a P/E/G ratio of 5.70 and a beta of 0.57. Boston Beer Company, Inc. has a 52-week low of $128.70 and a 52-week high of $181.20.

Boston Beer Company, Inc. (The) (NYSE:SAM) last issued its quarterly earnings data on Thursday, October 26th. The company reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.79. The firm had revenue of $247.04 million during the quarter, compared to analysts’ expectations of $256.73 million. Boston Beer Company, Inc. (The) had a net margin of 9.97% and a return on equity of 21.11%. The business’s revenue was down 2.5% on a year-over-year basis. During the same period last year, the company earned $2.48 earnings per share. research analysts predict that Boston Beer Company, Inc. will post 6.08 earnings per share for the current fiscal year.

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In other Boston Beer Company, Inc. (The) news, CMO Jonathan N. Potter sold 439 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $171.90, for a total transaction of $75,464.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 28.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of SAM. Cubist Systematic Strategies LLC raised its holdings in Boston Beer Company, Inc. (The) by 27.6% during the third quarter. Cubist Systematic Strategies LLC now owns 2,011 shares of the company’s stock valued at $314,000 after buying an additional 435 shares in the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Boston Beer Company, Inc. (The) in the 3rd quarter valued at $1,170,000. Convergence Investment Partners LLC acquired a new position in Boston Beer Company, Inc. (The) in the 3rd quarter worth $1,547,000. Dimensional Fund Advisors LP boosted its stake in Boston Beer Company, Inc. (The) by 5.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 240,364 shares of the company’s stock worth $37,546,000 after purchasing an additional 13,181 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Boston Beer Company, Inc. (The) by 63.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 80,748 shares of the company’s stock valued at $12,613,000 after purchasing an additional 31,361 shares during the period. 72.84% of the stock is owned by hedge funds and other institutional investors.

Boston Beer Company, Inc. (The) Company Profile

The Boston Beer Company, Inc is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in selected international markets. The Company operates through two segments: Boston Beer Company segment, and A&S Brewing Collaborative segment.

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

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