Boston Beer Company, Inc. (The) (NYSE:SAM) had its target price upped by Citigroup Inc. from $165.00 to $181.00 in a research report sent to investors on Monday morning. They currently have a neutral rating on the stock.

A number of other equities analysts have also weighed in on SAM. Zacks Investment Research upgraded shares of Boston Beer Company, Inc. (The) from a strong sell rating to a hold rating in a research report on Monday, July 10th. Cowen and Company reiterated a sell rating and issued a $126.00 price objective on shares of Boston Beer Company, Inc. (The) in a research report on Friday, July 14th. Susquehanna Bancshares Inc reiterated a positive rating and issued a $175.00 price objective (down from $179.00) on shares of Boston Beer Company, Inc. (The) in a research report on Friday, July 21st. Goldman Sachs Group, Inc. (The) lowered shares of Boston Beer Company, Inc. (The) from a neutral rating to a sell rating and lowered their price objective for the company from $140.00 to $110.00 in a research report on Monday, July 24th. Finally, BidaskClub upgraded shares of Boston Beer Company, Inc. (The) from a sell rating to a hold rating in a research report on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Boston Beer Company, Inc. (The) presently has a consensus rating of Hold and a consensus target price of $149.00.

Boston Beer Company, Inc. (The) (NYSE:SAM) last posted its quarterly earnings data on Thursday, October 26th. The company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.79. Boston Beer Company, Inc. (The) had a net margin of 9.97% and a return on equity of 21.11%. The firm had revenue of $247.04 million for the quarter, compared to analyst estimates of $256.73 million. During the same period last year, the firm posted $2.48 EPS. Boston Beer Company, Inc. (The)’s quarterly revenue was down 2.5% on a year-over-year basis.

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

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Boston Beer Company, Inc. (The) by 12,367.2% during the 1st quarter. BlackRock Inc. now owns 1,128,029 shares of the company’s stock worth $163,169,000 after buying an additional 1,118,981 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Boston Beer Company, Inc. (The) by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 748,951 shares of the company’s stock worth $98,974,000 after buying an additional 14,951 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Boston Beer Company, Inc. (The) by 16.4% during the 2nd quarter. American Century Companies Inc. now owns 333,995 shares of the company’s stock worth $44,137,000 after buying an additional 47,027 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Boston Beer Company, Inc. (The) by 5.2% during the 3rd quarter. Fisher Asset Management LLC now owns 333,982 shares of the company’s stock worth $52,168,000 after buying an additional 16,431 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Boston Beer Company, Inc. (The) by 3.7% during the 2nd quarter. State Street Corp now owns 292,523 shares of the company’s stock worth $38,656,000 after buying an additional 10,312 shares during the last quarter. 71.35% 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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