UBS Group Begins Coverage on Boston Beer (SAM)

UBS Group initiated coverage on shares of Boston Beer (NYSE:SAM) in a research report sent to investors on Thursday morning, 99wallstreet.com reports. The brokerage issued a sell rating and a $228.00 price target on the stock.

SAM has been the topic of a number of other reports. Guggenheim started coverage on shares of Boston Beer in a research note on Thursday, September 13th. They issued a buy rating and a $381.00 price objective on the stock. Jefferies Financial Group reissued a hold rating and issued a $270.00 price objective on shares of Boston Beer in a research note on Friday, October 26th. Zacks Investment Research raised shares of Boston Beer from a sell rating to a hold rating in a research note on Monday, October 1st. Berenberg Bank set a $290.00 price objective on shares of Boston Beer and gave the company a hold rating in a research note on Tuesday, September 11th. Finally, ValuEngine raised shares of Boston Beer from a buy rating to a strong-buy rating in a research note on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $268.31.

Shares of SAM opened at $269.03 on Thursday. Boston Beer has a 12 month low of $160.40 and a 12 month high of $329.95. The company has a market cap of $3.09 billion, a PE ratio of 40.89, a price-to-earnings-growth ratio of 3.60 and a beta of 0.51.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, October 25th. The company reported $3.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.35 by ($0.14). The firm had revenue of $326.85 million during the quarter, compared to the consensus estimate of $270.60 million. Boston Beer had a net margin of 10.17% and a return on equity of 18.00%. On average, research analysts predict that Boston Beer will post 7.48 EPS for the current fiscal year.

In other Boston Beer news, Chairman C James Koch sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $316.39, for a total value of $1,581,950.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Quincy B. Troupe sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $298.80, for a total transaction of $209,160.00. The disclosure for this sale can be found here. Insiders sold 26,408 shares of company stock worth $7,809,735 in the last 90 days. Company insiders own 29.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Legal & General Group Plc boosted its position in Boston Beer by 2.3% in the third quarter. Legal & General Group Plc now owns 8,379 shares of the company’s stock valued at $2,409,000 after buying an additional 190 shares in the last quarter. Stone Ridge Asset Management LLC lifted its holdings in shares of Boston Beer by 17.2% during the third quarter. Stone Ridge Asset Management LLC now owns 1,364 shares of the company’s stock worth $392,000 after purchasing an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Boston Beer by 28.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 940 shares of the company’s stock worth $270,000 after purchasing an additional 209 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Boston Beer by 16.0% during the second quarter. Victory Capital Management Inc. now owns 1,631 shares of the company’s stock worth $489,000 after purchasing an additional 225 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Boston Beer by 3.1% during the second quarter. Russell Investments Group Ltd. now owns 8,975 shares of the company’s stock worth $2,688,000 after purchasing an additional 270 shares during the period. Hedge funds and other institutional investors own 74.49% of the company’s stock.

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 sells approximately 60 beers under the Samuel Adams brand names; 10 flavored malt beverages under the Twisted Tea brand name; 20 hard cider beverages under the Angry Orchard brand; 5 hard sparkling waters under the Truly Spiked & Sparkling brand name; and approximately 50 beers under 4 brand names.

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Analyst Recommendations for Boston Beer (NYSE:SAM)

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