Boston Beer (NYSE:SAM) Price Target Raised to $283.00 at Deutsche Bank Aktiengesellschaft

Boston Beer (NYSE:SAM) had its price objective lifted by Deutsche Bank Aktiengesellschaft from $273.00 to $283.00 in a research note released on Wednesday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other research analysts have also recently commented on SAM. Piper Sandler lowered their price target on shares of Boston Beer from $350.00 to $344.00 and set an overweight rating for the company in a report on Friday, July 12th. Citigroup dropped their price target on shares of Boston Beer from $350.00 to $315.00 and set a neutral rating on the stock in a research note on Tuesday, April 16th. Evercore ISI boosted their price objective on shares of Boston Beer from $310.00 to $325.00 and gave the stock an in-line rating in a research report on Friday, April 26th. StockNews.com downgraded shares of Boston Beer from a buy rating to a hold rating in a research report on Wednesday, June 12th. Finally, Morgan Stanley raised shares of Boston Beer from an underweight rating to an equal weight rating and set a $290.00 price target for the company in a research report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $335.29.

Boston Beer Trading Down 0.5 %

SAM stock opened at $279.29 on Wednesday. The business’s fifty day moving average price is $287.34 and its 200 day moving average price is $307.47. Boston Beer has a 12-month low of $254.40 and a 12-month high of $395.52. The company has a market capitalization of $3.34 billion, a PE ratio of 35.04, a P/E/G ratio of 1.07 and a beta of 1.03.

Boston Beer (NYSE:SAM) last released its earnings results on Thursday, April 25th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.96. The firm had revenue of $426.05 million during the quarter, compared to analyst estimates of $414.18 million. Boston Beer had a return on equity of 10.11% and a net margin of 4.60%. Research analysts predict that Boston Beer will post 10.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Boston Beer

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LRI Investments LLC purchased a new position in shares of Boston Beer in the 1st quarter valued at about $28,000. Quarry LP acquired a new stake in shares of Boston Beer during the 4th quarter valued at approximately $42,000. ORG Partners LLC acquired a new stake in shares of Boston Beer during the 2nd quarter valued at approximately $48,000. CWM LLC boosted its stake in shares of Boston Beer by 17.6% during the 4th quarter. CWM LLC now owns 227 shares of the company’s stock worth $78,000 after acquiring an additional 34 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Boston Beer in the 4th quarter worth approximately $82,000. Institutional investors and hedge funds 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.