UBS AG downgraded shares of Boston Beer Company, Inc. (The) (NYSE:SAM) from a positive rating to a neutral rating in a report released on Monday morning.

A number of other research analysts have also issued reports on the company. Citigroup Inc. lifted their target price on Boston Beer Company, Inc. (The) from $165.00 to $181.00 and gave the company a neutral rating in a report on Monday, October 30th. Zacks Investment Research upgraded Boston Beer Company, Inc. (The) from a hold rating to a buy rating and set a $148.00 target price for the company in a report on Monday, July 17th. Credit Suisse Group AG lifted their target price on Boston Beer Company, Inc. (The) from $151.00 to $160.00 and gave the company a neutral rating in a report on Friday, October 27th. Susquehanna Bancshares Inc reiterated a positive rating and issued a $175.00 target price (down from $179.00) on shares of Boston Beer Company, Inc. (The) in a report on Friday, July 21st. Finally, Macquarie started coverage on Boston Beer Company, Inc. (The) in a report on Thursday, September 14th. They issued an underperform rating and a $140.00 target price for the company. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Boston Beer Company, Inc. (The) presently has a consensus rating of Hold and an average price target of $149.80.

Boston Beer Company, Inc. (SAM) traded down $3.20 during trading hours on Monday, reaching $173.20. The company had a trading volume of 140,700 shares, compared to its average volume of 168,715. The stock has a market capitalization of $2,074.46, a price-to-earnings ratio of 24.07, a PEG ratio of 5.80 and a beta of 0.57. Boston Beer Company, Inc. has a 52-week low of $128.70 and a 52-week high of $181.20.

Boston Beer Company, Inc. (The) (NYSE:SAM) last released its earnings results on Thursday, October 26th. The company reported $2.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.79. The firm had revenue of $247.04 million during the quarter, compared to analyst estimates of $256.73 million. Boston Beer Company, Inc. (The) had a return on equity of 21.11% and a net margin of 9.97%. Boston Beer Company, Inc. (The)’s revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business posted $2.48 earnings per share. equities research analysts expect that Boston Beer Company, Inc. will post 6.08 EPS for the current year.

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In other Boston Beer Company, Inc. (The) news, insider Jonathan N. Potter sold 771 shares of Boston Beer Company, Inc. (The) stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $173.50, for a total transaction of $133,768.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 28.50% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Boston Beer Company, Inc. (The) by 0.5% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 1,612 shares of the company’s stock valued at $276,000 after purchasing an additional 8 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Boston Beer Company, Inc. (The) by 2.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,312 shares of the company’s stock valued at $306,000 after purchasing an additional 60 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Boston Beer Company, Inc. (The) by 0.3% in the 2nd quarter. Nationwide Fund Advisors now owns 20,811 shares of the company’s stock valued at $2,750,000 after purchasing an additional 67 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Boston Beer Company, Inc. (The) by 5.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock valued at $208,000 after purchasing an additional 76 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Boston Beer Company, Inc. (The) by 4.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 2,400 shares of the company’s stock valued at $317,000 after purchasing an additional 100 shares during the last quarter. 72.84% of the stock is owned by institutional investors and hedge funds.

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)

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