Shares of Boston Beer Company, Inc. (The) (NYSE:SAM) have received an average recommendation of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $141.38.

SAM has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $148.00 price objective on the stock in a research report on Monday, July 17th. BidaskClub upgraded Boston Beer Company, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $158.00 price objective on shares of Boston Beer Company, Inc. (The) in a research report on Friday, June 30th. Jefferies Group LLC reaffirmed a “hold” rating on shares of Boston Beer Company, Inc. (The) in a report on Thursday, September 7th. Finally, Credit Suisse Group raised shares of Boston Beer Company, Inc. (The) from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $140.00 to $150.00 in a report on Tuesday, September 26th.

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Shares of Boston Beer Company, Inc. (NYSE SAM) traded down 1.76% on Friday, hitting $156.20. 133,887 shares of the stock were exchanged. The company has a 50-day moving average price of $149.97 and a 200 day moving average price of $143.06. The company has a market cap of $1.87 billion, a PE ratio of 22.23 and a beta of 0.57. Boston Beer Company, Inc. has a 12 month low of $128.70 and a 12 month high of $180.45.

Boston Beer Company, Inc. (The) (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 27th. The company reported $2.35 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.89. The firm had revenue of $247.90 million during the quarter, compared to the consensus estimate of $222.74 million. Boston Beer Company, Inc. (The) had a return on equity of 20.19% and a net margin of 9.65%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the company earned $2.06 earnings per share. Equities analysts forecast that Boston Beer Company, Inc. will post $5.87 EPS for the current fiscal year.

In other Boston Beer Company, Inc. (The) news, VP David L. Grinnell sold 2,628 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $159.90, for a total value of $420,217.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 31.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Boston Beer Company, Inc. (The) by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 734,000 shares of the company’s stock valued at $106,173,000 after purchasing an additional 38,583 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Boston Beer Company, Inc. (The) by 83.9% in the second quarter. BNP Paribas Arbitrage SA now owns 5,534 shares of the company’s stock worth $731,000 after buying an additional 2,524 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in shares of Boston Beer Company, Inc. (The) by 4.1% in the first quarter. OppenheimerFunds Inc. now owns 94,967 shares of the company’s stock worth $13,736,000 after buying an additional 3,751 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of Boston Beer Company, Inc. (The) by 1.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 14,665 shares of the company’s stock worth $2,121,000 after buying an additional 220 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Boston Beer Company, Inc. (The) by 5.4% in the first quarter. Mutual of America Capital Management LLC now owns 7,115 shares of the company’s stock worth $1,029,000 after buying an additional 367 shares during the last quarter. 70.73% of the stock is currently owned by institutional investors.

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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