TheStreet Upgrades Boston Beer Company, Inc. (The) (SAM) to B-

TheStreet upgraded shares of Boston Beer Company, Inc. (The) (NYSE:SAM) from a c+ rating to a b- rating in a research note published on Thursday, November 2nd.

A number of other analysts have also recently issued reports on SAM. Zacks Investment Research raised Boston Beer Company, Inc. (The) from a hold rating to a buy rating and set a $148.00 target price for the company in a research report on Monday, July 17th. BidaskClub raised Boston Beer Company, Inc. (The) from a hold rating to a buy rating in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a hold rating on shares of Boston Beer Company, Inc. (The) in a research report on Thursday, September 7th. Credit Suisse Group raised Boston Beer Company, Inc. (The) from an underperform rating to a neutral rating and upped their target price for the company from $140.00 to $150.00 in a research report on Tuesday, September 26th. Finally, Citigroup Inc. upped their target price on Boston Beer Company, Inc. (The) from $165.00 to $181.00 and gave the company a neutral rating in a research report on Monday, October 30th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $149.80.

Boston Beer Company, Inc. (NYSE SAM) opened at $178.55 on Thursday. The stock has a market capitalization of $2,075.64, a PE ratio of 24.08, a PEG ratio of 5.81 and a beta of 0.57. Boston Beer Company, Inc. has a 1 year low of $128.70 and a 1 year high of $181.20.

Boston Beer Company, Inc. (The) (NYSE:SAM) last released its quarterly earnings data on Thursday, October 26th. The company reported $2.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.79. The business had revenue of $247.04 million during the quarter, compared to analysts’ expectations of $256.73 million. Boston Beer Company, Inc. (The) had a return on equity of 21.11% and a net margin of 9.97%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.48 EPS. research analysts predict that Boston Beer Company, Inc. will post 6.08 EPS for the current year.

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In related news, CMO Jonathan N. Potter sold 439 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $171.90, for a total value of $75,464.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 28.50% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its stake in Boston Beer Company, Inc. (The) by 95.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 842 shares of the company’s stock valued at $111,000 after purchasing an additional 411 shares in the last quarter. Victory Capital Management Inc. increased its stake in Boston Beer Company, Inc. (The) by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock valued at $128,000 after purchasing an additional 145 shares in the last quarter. IFP Advisors Inc increased its stake in Boston Beer Company, Inc. (The) by 12.7% in the 2nd quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock valued at $159,000 after purchasing an additional 136 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Boston Beer Company, Inc. (The) during the 3rd quarter valued at $203,000. Finally, Shaker Investments LLC OH acquired a new stake in Boston Beer Company, Inc. (The) during the 3rd quarter valued at $209,000. 72.05% 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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