The Boston Beer Company, Inc. (NYSE:SAM) Receives $326.92 Average PT from Brokerages

The Boston Beer Company, Inc. (NYSE:SAM) has been given a consensus rating of “Hold” by the twelve analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $326.92.

A number of research firms recently weighed in on SAM. Deutsche Bank Aktiengesellschaft raised their price objective on Boston Beer from $273.00 to $283.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th. Evercore ISI lifted their target price on Boston Beer from $310.00 to $325.00 and gave the company an “in-line” rating in a research report on Friday, April 26th. Morgan Stanley upgraded Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.00 target price on the stock in a research report on Wednesday, June 5th. Royal Bank of Canada lowered their target price on Boston Beer from $332.00 to $318.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. Finally, Jefferies Financial Group raised Boston Beer from a “hold” rating to a “buy” rating and raised their price target for the company from $335.00 to $360.00 in a report on Tuesday, May 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. grew its position in Boston Beer by 5.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 609 shares of the company’s stock worth $210,000 after acquiring an additional 33 shares in the last quarter. CWM LLC boosted its position in shares of Boston Beer by 17.6% during the fourth quarter. CWM LLC now owns 227 shares of the company’s stock valued at $78,000 after buying an additional 34 shares during the period. Cardinal Capital Management boosted its position in shares of Boston Beer by 1.3% during the fourth quarter. Cardinal Capital Management now owns 2,784 shares of the company’s stock valued at $962,000 after buying an additional 36 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Boston Beer by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 4,167 shares of the company’s stock valued at $1,440,000 after buying an additional 40 shares during the period. Finally, Pacific Global Investment Management Co. boosted its position in shares of Boston Beer by 6.5% during the fourth quarter. Pacific Global Investment Management Co. now owns 1,031 shares of the company’s stock valued at $356,000 after buying an additional 63 shares during the period. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Down 1.9 %

SAM stock opened at $266.07 on Tuesday. Boston Beer has a twelve month low of $254.40 and a twelve month high of $395.52. The firm has a market cap of $3.18 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 1.09 and a beta of 1.03. The business has a 50 day moving average of $287.03 and a 200 day moving average of $298.72.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, July 25th. The company reported $4.39 earnings per share for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.60). Boston Beer had a net margin of 4.39% and a return on equity of 9.69%. The company had revenue of $579.10 million for the quarter, compared to the consensus estimate of $597.33 million. During the same period last year, the business earned $4.72 EPS. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. On average, research analysts expect that Boston Beer will post 9.65 earnings per share for the current fiscal year.

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.