The Boston Beer Company, Inc. (NYSE:SAM) Receives $286.12 Average PT from Analysts

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have been assigned a consensus rating of “Hold” from the ten brokerages that are covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $286.12.

SAM has been the topic of a number of recent analyst reports. Berenberg Bank initiated coverage on shares of Boston Beer in a report on Wednesday, April 2nd. They set a “hold” rating and a $281.10 target price on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $279.00 price objective on shares of Boston Beer in a research note on Tuesday, April 22nd. Piper Sandler dropped their target price on shares of Boston Beer from $240.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Morgan Stanley cut their target price on shares of Boston Beer from $290.00 to $270.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Finally, Roth Mkm reissued a “buy” rating and set a $349.00 price target (down previously from $389.00) on shares of Boston Beer in a research report on Wednesday, February 26th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rossby Financial LCC bought a new stake in shares of Boston Beer during the first quarter worth approximately $25,000. Blue Trust Inc. increased its stake in shares of Boston Beer by 405.6% during the fourth quarter. Blue Trust Inc. now owns 91 shares of the company’s stock worth $26,000 after purchasing an additional 73 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Boston Beer by 2,225.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 93 shares of the company’s stock worth $28,000 after purchasing an additional 89 shares during the last quarter. GeoWealth Management LLC bought a new stake in Boston Beer in the 4th quarter valued at $35,000. Finally, GAMMA Investing LLC boosted its stake in Boston Beer by 59.3% in the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock valued at $39,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Price Performance

Shares of NYSE SAM opened at $242.97 on Thursday. The business has a 50-day moving average of $238.21 and a 200-day moving average of $265.13. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 35.73, a PEG ratio of 1.23 and a beta of 1.14. Boston Beer has a fifty-two week low of $215.10 and a fifty-two week high of $339.77.

Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Thursday, April 24th. The company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $1.38. The firm had revenue of $481.36 million during the quarter, compared to the consensus estimate of $436.27 million. Boston Beer had a return on equity of 11.76% and a net margin of 3.82%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. On average, sell-side analysts expect that Boston Beer will post 9.29 EPS for the current year.

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.