Boston Beer Company, Inc. (The) (NYSE:SAM) had its price target lifted by Citigroup Inc. from $165.00 to $181.00 in a research note released on Monday. Citigroup Inc. currently has a neutral rating on the stock.

Several other analysts have also commented on SAM. Zacks Investment Research raised shares of Boston Beer Company, Inc. (The) from a strong sell rating to a hold rating in a research report on Monday, July 10th. Cowen and Company reissued a sell rating and set a $126.00 price target on shares of Boston Beer Company, Inc. (The) in a research report on Friday, July 14th. Susquehanna Bancshares Inc reissued a positive rating and set a $175.00 price target (down from $179.00) on shares of Boston Beer Company, Inc. (The) in a research report on Friday, July 21st. Goldman Sachs Group, Inc. (The) lowered shares of Boston Beer Company, Inc. (The) from a neutral rating to a sell rating and decreased their price target for the company from $140.00 to $110.00 in a research report on Monday, July 24th. Finally, BidaskClub raised shares of Boston Beer Company, Inc. (The) from a sell rating to a hold rating in a research report on Monday, July 24th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $149.00.

Shares of Boston Beer Company, Inc. (NYSE SAM) traded up 3.52% on Monday, reaching $178.05. 254,755 shares of the company were exchanged. Boston Beer Company, Inc. has a 52 week low of $128.70 and a 52 week high of $181.20. The company’s 50-day moving average is $164.64 and its 200-day moving average is $147.48. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 25.33 and a beta of 0.56.

Boston Beer Company, Inc. (The) (NYSE:SAM) last released its quarterly earnings results on Thursday, October 26th. The company reported $2.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.79. The business had revenue of $247.04 million during the quarter, compared to analyst estimates of $256.73 million. Boston Beer Company, Inc. (The) had a net margin of 9.97% and a return on equity of 21.11%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.48 earnings per share. On average, equities analysts expect that Boston Beer Company, Inc. will post $6.27 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in SAM. UBS Asset Management Americas Inc. raised its position in shares of Boston Beer Company, Inc. (The) by 5.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 3,493 shares of the company’s stock valued at $505,000 after purchasing an additional 187 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Boston Beer Company, Inc. (The) by 4.1% in the 1st quarter. Ameriprise Financial Inc. now owns 32,981 shares of the company’s stock worth $4,770,000 after buying an additional 1,305 shares during the period. JPMorgan Chase & Co. increased its holdings in Boston Beer Company, Inc. (The) by 1.5% in the 1st quarter. JPMorgan Chase & Co. now owns 20,494 shares of the company’s stock worth $2,964,000 after buying an additional 312 shares during the period. Victory Capital Management Inc. increased its holdings in Boston Beer Company, Inc. (The) by 85.6% in the 1st quarter. Victory Capital Management Inc. now owns 826 shares of the company’s stock worth $119,000 after buying an additional 381 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Boston Beer Company, Inc. (The) by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 36,467 shares of the company’s stock worth $5,275,000 after buying an additional 758 shares during the period. 71.35% of the stock is owned by hedge funds and other institutional investors.

About Boston Beer Company, Inc. (The)

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 Company, Inc. (The) (NYSE:SAM)

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