Boston Beer (NYSE:SAM) was upgraded by stock analysts at Berenberg Bank from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Other equities research analysts have also recently issued research reports about the stock. UBS cut shares of Boston Beer from a “positive” rating to a “neutral” rating in a research report on Monday, November 13th. Susquehanna Bancshares cut shares of Boston Beer from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $216.00 to $183.00 in a research report on Monday, November 13th. Credit Suisse Group raised shares of Boston Beer from an “underperform” rating to a “neutral” rating and raised their target price for the company from $140.00 to $150.00 in a report on Tuesday, September 26th. Jefferies Group reissued a “hold” rating on shares of Boston Beer in a report on Thursday, September 7th. Finally, Zacks Investment Research lowered shares of Boston Beer from a “strong-buy” rating to a “hold” rating in a report on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. Boston Beer currently has a consensus rating of “Hold” and an average price target of $151.27.

Shares of Boston Beer (SAM) opened at $187.45 on Monday. The stock has a market cap of $2,204.41, a P/E ratio of 25.57, a PEG ratio of 6.03 and a beta of 0.57. Boston Beer has a 1 year low of $128.70 and a 1 year high of $194.30.

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

In other Boston Beer news, insider Jonathan N. Potter sold 771 shares of Boston Beer stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $173.50, for a total transaction of $133,768.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David L. Grinnell sold 1,000 shares of Boston Beer stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $186.75, for a total transaction of $186,750.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,210 shares of company stock valued at $395,983. 31.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Investment Management Company LLC boosted its stake in Boston Beer by 0.5% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 1,612 shares of the company’s stock worth $276,000 after buying an additional 8 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Boston Beer by 2.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,312 shares of the company’s stock worth $306,000 after buying an additional 60 shares during the period. Nationwide Fund Advisors boosted its stake in Boston Beer by 0.3% during the second quarter. Nationwide Fund Advisors now owns 20,811 shares of the company’s stock worth $2,750,000 after buying an additional 67 shares during the period. Cubist Systematic Strategies LLC boosted its stake in Boston Beer by 5.1% during the second quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock worth $208,000 after buying an additional 76 shares during the period. Finally, Thrivent Financial For Lutherans boosted its stake in Boston Beer by 5.7% during the second quarter. Thrivent Financial For Lutherans now owns 1,860 shares of the company’s stock worth $246,000 after buying an additional 100 shares during the period. 76.06% of the stock is 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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