Boston Beer (SAM) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Boston Beer (NYSE: SAM) in the last few weeks:

  • 10/17/2019 – Boston Beer was upgraded by analysts at Cowen Inc from a “market perform” rating to an “outperform” rating. They now have a $450.00 price target on the stock, up previously from $386.00.
  • 10/15/2019 – Boston Beer was given a new $460.00 price target on by analysts at Macquarie. They now have a “buy” rating on the stock.
  • 10/11/2019 – Boston Beer was upgraded by analysts at Citigroup Inc from a “neutral” rating to a “buy” rating. They now have a $448.00 price target on the stock, up previously from $394.00.
  • 10/4/2019 – Boston Beer was upgraded by analysts at UBS Group AG from a “sell” rating to a “neutral” rating. They now have a $390.00 price target on the stock, up previously from $305.00.
  • 10/1/2019 – Boston Beer was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/27/2019 – Boston Beer is now covered by analysts at Deutsche Bank AG. They set a “hold” rating and a $380.00 price target on the stock.
  • 9/26/2019 – Boston Beer was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $410.00 price target on the stock, up previously from $350.00.
  • 9/23/2019 – Boston Beer was given a new $462.00 price target on by analysts at Guggenheim. They now have a “buy” rating on the stock.
  • 9/20/2019 – Boston Beer is now covered by analysts at MKM Partners. They set a “neutral” rating and a $333.00 price target on the stock.
  • 9/3/2019 – Boston Beer was downgraded by analysts at Jefferies Financial Group Inc from a “hold” rating to an “underperform” rating. They now have a $332.00 price target on the stock, down previously from $360.00.

Shares of SAM opened at $393.56 on Monday. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 52.69, a PEG ratio of 4.45 and a beta of 0.63. Boston Beer Company Inc has a fifty-two week low of $230.93 and a fifty-two week high of $444.64. The firm has a 50 day moving average price of $384.43 and a 200-day moving average price of $358.00.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.51. The firm had revenue of $318.40 million during the quarter, compared to analyst estimates of $308.49 million. Boston Beer had a net margin of 9.92% and a return on equity of 22.89%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.98 EPS. Equities research analysts forecast that Boston Beer Company Inc will post 9.13 EPS for the current year.

In related news, Director Jean Michel Valette sold 2,500 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $400.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the director now directly owns 27,258 shares in the company, valued at approximately $10,903,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman C James Koch sold 1,000 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $383.45, for a total transaction of $383,450.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,000 shares of company stock valued at $24,251,845. Company insiders own 28.40% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its holdings in Boston Beer by 3.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,321,557 shares of the company’s stock valued at $499,231,000 after buying an additional 40,011 shares during the last quarter. Vanguard Group Inc. raised its holdings in Boston Beer by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,047,234 shares of the company’s stock valued at $395,604,000 after buying an additional 53,723 shares during the last quarter. BlackRock Inc. raised its holdings in Boston Beer by 1.5% during the 2nd quarter. BlackRock Inc. now owns 1,006,033 shares of the company’s stock valued at $380,039,000 after buying an additional 14,768 shares during the last quarter. AQR Capital Management LLC raised its holdings in Boston Beer by 1.1% during the 2nd quarter. AQR Capital Management LLC now owns 385,378 shares of the company’s stock valued at $142,813,000 after buying an additional 4,039 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Boston Beer by 53.5% during the 2nd quarter. Renaissance Technologies LLC now owns 323,500 shares of the company’s stock valued at $122,205,000 after buying an additional 112,700 shares during the last quarter. Institutional investors own 71.89% of the company’s stock.

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Angry Orchard Hard Cider, and Truly Hard Seltzer brand names.

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