Boston Beer (SAM) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of Boston Beer (NYSE:SAM) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

SAM has been the topic of a number of other reports. Goldman Sachs Group upgraded Boston Beer from a sell rating to a neutral rating and boosted their target price for the stock from $181.00 to $223.00 in a research report on Monday, April 16th. Macquarie boosted their target price on Boston Beer from $200.00 to $225.00 and gave the stock a neutral rating in a research report on Thursday, April 26th. Zacks Investment Research downgraded Boston Beer from a strong-buy rating to a hold rating in a research report on Wednesday, February 21st. BMO Capital Markets reiterated a hold rating and issued a $210.00 target price on shares of Boston Beer in a research report on Wednesday, April 18th. Finally, Credit Suisse Group reiterated a neutral rating and issued a $172.00 target price (up from $160.00) on shares of Boston Beer in a research report on Thursday, February 22nd. Thirteen analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $189.08.

NYSE:SAM opened at $253.85 on Tuesday. The stock has a market capitalization of $2.93 billion, a P/E ratio of 42.24, a PEG ratio of 3.55 and a beta of 0.48. Boston Beer has a 12 month low of $128.70 and a 12 month high of $257.90.

Boston Beer (NYSE:SAM) last posted its earnings results on Wednesday, April 25th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.25. The company had revenue of $190.50 million for the quarter, compared to the consensus estimate of $174.87 million. Boston Beer had a return on equity of 18.74% and a net margin of 11.09%. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. analysts anticipate that Boston Beer will post 7.37 EPS for the current fiscal year.

In other Boston Beer news, VP David L. Grinnell sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 11th. The stock was sold at an average price of $215.00, for a total transaction of $215,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 4,000 shares of company stock worth $880,000. Company insiders own 29.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Advisor Group Inc. raised its position in Boston Beer by 91.9% during the fourth quarter. Advisor Group Inc. now owns 737 shares of the company’s stock valued at $141,000 after purchasing an additional 353 shares during the period. Huntington National Bank grew its stake in shares of Boston Beer by 173.9% during the fourth quarter. Huntington National Bank now owns 775 shares of the company’s stock valued at $148,000 after buying an additional 492 shares during the last quarter. Raymond James & Associates grew its stake in shares of Boston Beer by 26.8% during the fourth quarter. Raymond James & Associates now owns 2,606 shares of the company’s stock valued at $498,000 after buying an additional 551 shares during the last quarter. Texas Yale Capital Corp. bought a new position in shares of Boston Beer during the fourth quarter valued at approximately $207,000. Finally, Asset Management Group Inc. bought a new position in shares of Boston Beer during the fourth quarter valued at approximately $209,000. Institutional investors and hedge funds own 73.47% of the company’s stock.

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 sells approximately 60 beers under the Samuel Adams brand names; 10 flavored malt beverages under the Twisted Tea brand name; 20 hard cider beverages under the Angry Orchard brand; 5 hard sparkling waters under the Truly Spiked & Sparkling brand name; and approximately 50 beers under 4 brand names.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Boston Beer (NYSE:SAM)

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