Boston Beer (SAM) Coverage Initiated by Analysts at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of Boston Beer (NYSE:SAM) in a report issued on Tuesday, December 5th, Marketbeat.com reports. The firm issued a hold rating and a $166.00 price target on the stock.

A number of other research analysts have also recently issued reports on SAM. Credit Suisse Group lifted their price target on shares of Boston Beer from $150.00 to $151.00 and gave the company a neutral rating in a research report on Thursday, October 19th. Susquehanna Bancshares lowered 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 note on Monday, November 13th. UBS lowered shares of Boston Beer from a positive rating to a neutral rating in a research note on Monday, November 13th. Zacks Investment Research lowered shares of Boston Beer from a strong-buy rating to a hold rating in a research note on Monday, October 16th. Finally, TheStreet upgraded shares of Boston Beer from a c+ rating to a b- rating in a research note on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Boston Beer has a consensus rating of Hold and an average price target of $151.27.

Boston Beer (NYSE:SAM) traded up $0.10 during trading on Tuesday, reaching $185.00. 177,800 shares of the company were exchanged, compared to its average volume of 164,147. The company has a market cap of $2,174.42, a price-to-earnings ratio of 25.23, a PEG ratio of 5.95 and a beta of 0.57. Boston Beer has a twelve month low of $128.70 and a twelve month high of $194.30.

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

In related news, VP David L. Grinnell sold 1,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $186.75, for a total value of $186,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan N. Potter sold 771 shares of the company’s 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,210 shares of company stock worth $395,983. Company insiders own 31.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of SAM. JPMorgan Chase & Co. increased its holdings in shares of Boston Beer by 443.2% during the third quarter. JPMorgan Chase & Co. now owns 118,251 shares of the company’s stock valued at $18,802,000 after acquiring an additional 96,481 shares in the last quarter. Prudential Financial Inc. increased its holdings in Boston Beer by 104.8% in the 3rd quarter. Prudential Financial Inc. now owns 132,762 shares of the company’s stock worth $20,738,000 after buying an additional 67,940 shares during the period. Ameriprise Financial Inc. increased its holdings in Boston Beer by 147.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 81,738 shares of the company’s stock worth $10,801,000 after buying an additional 48,757 shares during the period. Arlington Value Capital LLC acquired a new position in Boston Beer in the 2nd quarter worth approximately $6,311,000. Finally, American Century Companies Inc. increased its holdings in Boston Beer by 16.4% in 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 period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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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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