Susquehanna Bancshares Inc downgraded shares of Boston Beer Company, Inc. (The) (NYSE:SAM) from a positive rating to a neutral rating in a research note released on Monday morning, MarketBeat Ratings reports. Susquehanna Bancshares Inc currently has $183.00 target price on the stock, down from their previous target price of $216.00.

SAM has been the topic of a number of other reports. Credit Suisse Group raised Boston Beer Company, Inc. (The) from an underperform rating to a neutral rating and raised their price objective for the company from $140.00 to $150.00 in a report on Tuesday, September 26th. Macquarie started coverage on Boston Beer Company, Inc. (The) in a report on Thursday, September 14th. They set an underperform rating and a $140.00 price objective on the stock. TheStreet raised Boston Beer Company, Inc. (The) from a c+ rating to a b- rating in a report on Thursday, November 2nd. UBS AG cut Boston Beer Company, Inc. (The) from a positive rating to a neutral rating in a report on Monday. Finally, Citigroup Inc. raised their price objective 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. Four investment 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 an average rating of Hold and a consensus target price of $149.80.

Boston Beer Company, Inc. (SAM) traded up $2.70 during trading hours on Monday, hitting $174.60. The company’s stock had a trading volume of 65,563 shares, compared to its average volume of 176,187. Boston Beer Company, Inc. has a 1 year low of $128.70 and a 1 year high of $181.20. The stock has a market cap of $2,050.00, a PE ratio of 23.22, a P/E/G ratio of 5.60 and a beta of 0.57.

Boston Beer Company, Inc. (The) (NYSE:SAM) last released its quarterly earnings results on Thursday, October 26th. The company reported $2.78 earnings per share for the quarter, beating the 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 firm had revenue of $247.04 million for the quarter, compared to analysts’ expectations of $256.73 million. During the same quarter last year, the firm posted $2.48 EPS. The company’s revenue was down 2.5% compared to the same quarter last year. equities analysts forecast that Boston Beer Company, Inc. will post 6.08 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This piece was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://www.watchlistnews.com/boston-beer-company-inc-the-sam-stock-rating-lowered-by-susquehanna-bancshares-inc/1710131.html.

In other news, CMO Jonathan N. Potter sold 439 shares of Boston Beer Company, Inc. (The) stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $171.90, for a total value of $75,464.10. The sale was disclosed in a document filed with the SEC, which is available through this link. 31.30% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of Boston Beer Company, Inc. (The) by 95.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 842 shares of the company’s stock valued at $111,000 after purchasing an additional 411 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Boston Beer Company, Inc. (The) by 17.6% during the second quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock valued at $128,000 after purchasing an additional 145 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Boston Beer Company, Inc. (The) by 12.7% during the second quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock valued at $159,000 after purchasing an additional 136 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Boston Beer Company, Inc. (The) during the third quarter valued at $203,000. Finally, Cubist Systematic Strategies LLC raised its stake in Boston Beer Company, Inc. (The) by 5.1% during the second quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock valued at $208,000 after buying an additional 76 shares during the last quarter. Institutional investors own 72.84% 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)

Receive News & Ratings for Boston Beer Company Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer Company Inc. (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.