The Boston Beer Company, Inc. (NYSE:SAM – Get Free Report) has earned an average rating of “Hold” from the eleven research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $302.90.
A number of research analysts recently issued reports on SAM shares. Deutsche Bank Aktiengesellschaft dropped their price target on Boston Beer from $281.00 to $277.00 and set a “hold” rating on the stock in a research note on Thursday, October 24th. Jefferies Financial Group lowered shares of Boston Beer from a “buy” rating to a “hold” rating and lowered their target price for the stock from $355.00 to $325.00 in a research report on Friday, October 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $318.00 price target on shares of Boston Beer in a research report on Friday, October 25th. Piper Sandler downgraded shares of Boston Beer from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $370.00 to $275.00 in a research report on Thursday, January 23rd. Finally, Needham & Company LLC assumed coverage on shares of Boston Beer in a research note on Friday, December 6th. They issued a “hold” rating on the stock.
Institutional Investors Weigh In On Boston Beer
Boston Beer Price Performance
NYSE SAM opened at $254.38 on Tuesday. The company has a fifty day moving average of $289.65 and a two-hundred day moving average of $286.25. Boston Beer has a 1 year low of $243.20 and a 1 year high of $371.65. The company has a market capitalization of $2.92 billion, a PE ratio of 37.41, a P/E/G ratio of 0.79 and a beta of 1.08.
About Boston Beer
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.
Read More
- Five stocks we like better than Boston Beer
- High Flyers: 3 Natural Gas Stocks for March 2022
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- How to Invest in the Best Canadian Stocks
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- Growth Stocks: What They Are, Examples and How to Invest
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
Receive News & Ratings for Boston Beer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer and related companies with MarketBeat.com's FREE daily email newsletter.