The Boston Beer Company, Inc. (NYSE:SAM) Receives $314.82 Consensus Target Price from Analysts

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have been given a consensus rating of “Hold” by the twelve research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $314.82.

SAM has been the topic of a number of research reports. Jefferies Financial Group lowered Boston Beer from a “buy” rating to a “hold” rating and lowered their price target for the stock from $355.00 to $325.00 in a report on Friday, October 25th. Needham & Company LLC assumed coverage on Boston Beer in a research note on Friday, December 6th. They issued a “hold” rating on the stock. UBS Group boosted their target price on Boston Beer from $300.00 to $309.00 in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their price target on Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a report on Thursday, October 24th. Finally, Piper Sandler boosted their price objective on shares of Boston Beer from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, October 25th.

Boston Beer Stock Performance

Shares of Boston Beer stock opened at $289.72 on Friday. The company has a market capitalization of $3.33 billion, a P/E ratio of 42.61, a PEG ratio of 1.21 and a beta of 1.07. Boston Beer has a 1 year low of $254.40 and a 1 year high of $371.65. The company’s fifty day moving average is $308.00 and its two-hundred day moving average is $291.12.

Hedge Funds Weigh In On Boston Beer

A number of large investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. boosted its holdings in Boston Beer by 105.1% during the third quarter. First Horizon Advisors Inc. now owns 121 shares of the company’s stock worth $35,000 after buying an additional 62 shares in the last quarter. Covestor Ltd lifted its position in shares of Boston Beer by 36.6% during the 3rd quarter. Covestor Ltd now owns 127 shares of the company’s stock valued at $37,000 after acquiring an additional 34 shares during the period. GAMMA Investing LLC boosted its stake in shares of Boston Beer by 59.3% during the 4th quarter. GAMMA Investing LLC now owns 129 shares of the company’s stock worth $39,000 after acquiring an additional 48 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Boston Beer in the 3rd quarter worth approximately $47,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Boston Beer in the 3rd quarter valued at approximately $49,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Company Profile

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, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.