Credit Suisse Group Raises Boston Beer Company, Inc. (The) (SAM) Price Target to $160.00

Boston Beer Company, Inc. (The) (NYSE:SAM) had its price target raised by Credit Suisse Group from $151.00 to $160.00 in a research note issued to investors on Friday morning. The firm currently has a neutral rating on the stock.

Several other equities analysts have also issued reports on SAM. BidaskClub lowered Boston Beer Company, Inc. (The) from a buy rating to a hold rating in a research note on Wednesday, August 9th. Jefferies Group LLC reiterated a hold rating on shares of Boston Beer Company, Inc. (The) in a research note on Thursday, September 7th. Royal Bank Of Canada reiterated a hold rating and issued a $158.00 price target on shares of Boston Beer Company, Inc. (The) in a research note on Friday, June 30th. Cowen and Company reiterated a sell rating and issued a $126.00 price target on shares of Boston Beer Company, Inc. (The) in a research note on Friday, July 14th. Finally, Berenberg Bank reiterated a sell rating and issued a $124.00 price target on shares of Boston Beer Company, Inc. (The) in a research note on Monday, September 18th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $149.00.

Shares of Boston Beer Company, Inc. (NYSE:SAM) opened at 172.00 on Friday. The company has a market cap of $2.06 billion, a PE ratio of 24.47 and a beta of 0.56. Boston Beer Company, Inc. has a one year low of $128.70 and a one year high of $181.20. The stock’s 50 day moving average price is $164.64 and its 200 day moving average price is $147.48.

Boston Beer Company, Inc. (The) (NYSE:SAM) last issued its quarterly earnings results on Thursday, October 26th. The company reported $2.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.79. Boston Beer Company, Inc. (The) had a return on equity of 21.11% and a net margin of 9.97%. The company had revenue of $247.04 million for the quarter, compared to analyst estimates of $256.73 million. During the same quarter last year, the company posted $2.48 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities analysts predict that Boston Beer Company, Inc. will post $5.87 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Credit Suisse Group Raises Boston Beer Company, Inc. (The) (SAM) Price Target to $160.00” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.com-unik.info/2017/10/31/credit-suisse-group-raises-boston-beer-company-inc-the-sam-price-target-to-160-00.html.

A number of hedge funds have recently modified their holdings of the stock. ARP Americas LLC bought a new stake in Boston Beer Company, Inc. (The) during the 3rd quarter worth $268,000. New York State Teachers Retirement System grew its position in Boston Beer Company, Inc. (The) by 6.0% during the 3rd quarter. New York State Teachers Retirement System now owns 19,477 shares of the company’s stock worth $3,042,000 after acquiring an additional 1,100 shares during the last quarter. Parametrica Management Ltd bought a new stake in Boston Beer Company, Inc. (The) during the 3rd quarter worth $718,000. Aperio Group LLC grew its position in Boston Beer Company, Inc. (The) by 22.5% during the 3rd quarter. Aperio Group LLC now owns 5,392 shares of the company’s stock worth $842,000 after acquiring an additional 992 shares during the last quarter. Finally, Cardinal Capital Management grew its position in Boston Beer Company, Inc. (The) by 23.6% during the 3rd quarter. Cardinal Capital Management now owns 3,092 shares of the company’s stock worth $482,000 after acquiring an additional 591 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

About Boston Beer Company, Inc. (The)

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)

What are top analysts saying about Boston Beer Company Inc. (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Boston Beer Company Inc. (The) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit