Boston Beer (SAM) Lifted to “Hold” at ValuEngine

Boston Beer (NYSE:SAM) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report released on Friday.

A number of other research firms have also recently commented on SAM. BMO Capital Markets initiated coverage on shares of Boston Beer in a research report on Monday, February 5th. They issued a “market perform” rating and a $180.00 price objective for the company. Berenberg Bank upgraded shares of Boston Beer from a “sell” rating to a “hold” rating in a research report on Monday, December 18th. Jefferies Group restated a “hold” rating and issued a $175.00 price objective on shares of Boston Beer in a research report on Thursday, January 4th. Macquarie upgraded shares of Boston Beer from an “underperform” rating to a “neutral” rating and set a $140.00 price objective for the company in a research report on Thursday, February 8th. Finally, Stifel Nicolaus initiated coverage on shares of Boston Beer in a research report on Tuesday, December 5th. They issued a “hold” rating and a $166.00 price objective for the company. Two research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. Boston Beer currently has an average rating of “Hold” and an average target price of $161.33.

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Shares of Boston Beer (NYSE:SAM) traded up $3.95 during trading on Friday, hitting $186.80. 196,026 shares of the company’s stock traded hands, compared to its average volume of 148,214. The company has a market cap of $2,190.51, a PE ratio of 22.92, a price-to-earnings-growth ratio of 2.90 and a beta of 0.65. Boston Beer has a 52 week low of $128.70 and a 52 week high of $202.35.

Boston Beer (NYSE:SAM) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.03. Boston Beer had a net margin of 11.04% and a return on equity of 18.55%. The business had revenue of $206.32 million during the quarter, compared to analysts’ expectations of $206.46 million. During the same quarter in the prior year, the company earned $1.75 EPS. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. research analysts forecast that Boston Beer will post 6.72 earnings per share for the current year.

In related news, VP Quincy B. Troupe sold 476 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $167.00, for a total value of $79,492.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David L. Grinnell sold 1,000 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $195.00, for a total transaction of $195,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 105,459 shares of company stock valued at $19,965,416. Company insiders own 31.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Endurance Wealth Management Inc. acquired a new position in Boston Beer in the 4th quarter worth $134,000. Advisor Group Inc. boosted its stake in Boston Beer by 91.9% in the 4th quarter. Advisor Group Inc. now owns 737 shares of the company’s stock worth $141,000 after purchasing an additional 353 shares during the period. Huntington National Bank boosted its stake in Boston Beer by 173.9% in the 4th quarter. Huntington National Bank now owns 775 shares of the company’s stock worth $148,000 after purchasing an additional 492 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Boston Beer in the 3rd quarter worth $203,000. Finally, Texas Yale Capital Corp. acquired a new position in shares of Boston Beer during the 4th quarter worth about $207,000. 73.16% of the stock is owned by hedge funds and other institutional investors.

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About Boston Beer

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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