Boston Beer (SAM) Stock Rating Reaffirmed by Jefferies Group

Boston Beer (NYSE:SAM)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Group in a note issued to investors on Thursday. They presently have a $175.00 target price on the stock. Jefferies Group’s price target points to a potential downside of 6.59% from the stock’s current price.

A number of other brokerages have also weighed in on SAM. Berenberg Bank upgraded Boston Beer from a “sell” rating to a “hold” rating in a research report on Monday, December 18th. Stifel Nicolaus assumed coverage on Boston Beer in a research report on Tuesday, December 5th. They set a “hold” rating and a $166.00 price objective on the stock. Credit Suisse Group boosted their price objective on Boston Beer from $150.00 to $151.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Susquehanna Bancshares lowered Boston Beer from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $216.00 to $183.00 in a research report on Monday, November 13th. Finally, UBS Group lowered Boston Beer from a “positive” rating to a “neutral” rating in a research report on Monday, November 13th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. Boston Beer presently has an average rating of “Hold” and an average target price of $155.45.

Shares of Boston Beer (NYSE SAM) opened at $187.35 on Thursday. The firm has a market capitalization of $2,200.00, a price-to-earnings ratio of 25.56, a P/E/G ratio of 5.65 and a beta of 0.58. Boston Beer has a 52-week low of $128.70 and a 52-week high of $197.05.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, October 26th. The company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.79. The business had revenue of $247.04 million for the quarter, compared to analyst estimates of $256.73 million. Boston Beer had a return on equity of 21.11% and a net margin of 9.97%. Boston Beer’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.48 EPS. equities analysts forecast that Boston Beer will post 6.22 earnings per share for the current year.

In other Boston Beer news, Director David A. Burwick sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $190.01, for a total value of $950,050.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jonathan N. Potter sold 771 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $173.50, for a total value of $133,768.50. The disclosure for this sale can be found here. Insiders sold a total of 16,420 shares of company stock worth $3,087,357 in the last quarter. Corporate insiders own 31.30% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Boston Beer by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 748,951 shares of the company’s stock valued at $98,974,000 after purchasing an additional 14,951 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Boston Beer by 4.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 416,414 shares of the company’s stock valued at $65,044,000 after purchasing an additional 18,116 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Boston Beer by 5.2% in the 3rd quarter. Fisher Asset Management LLC now owns 333,982 shares of the company’s stock valued at $52,168,000 after purchasing an additional 16,431 shares during the period. State Street Corp lifted its stake in shares of Boston Beer by 3.7% in the 2nd quarter. State Street Corp now owns 292,523 shares of the company’s stock valued at $38,656,000 after purchasing an additional 10,312 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Boston Beer by 5.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 240,364 shares of the company’s stock valued at $37,546,000 after purchasing an additional 13,181 shares during the period. 75.83% of the stock is currently owned by institutional investors.

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Boston Beer 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 (NYSE:SAM)

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