Analysts Set The Boston Beer Company, Inc. (NYSE:SAM) Target Price at $295.51

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have received a consensus recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $293.91.

A number of brokerages recently issued reports on SAM. StockNews.com lowered Boston Beer from a “buy” rating to a “hold” rating in a report on Wednesday, March 5th. Piper Sandler reduced their price objective on shares of Boston Beer from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday. Morgan Stanley lowered their target price on shares of Boston Beer from $290.00 to $270.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Citigroup raised their price objective on shares of Boston Beer from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Monday. Finally, UBS Group lifted their price target on Boston Beer from $265.00 to $279.00 and gave the company a “neutral” rating in a research report on Thursday.

Institutional Investors Weigh In On Boston Beer

A number of large investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. increased its holdings in shares of Boston Beer by 4.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 703,480 shares of the company’s stock valued at $211,030,000 after acquiring an additional 29,412 shares during the last quarter. AQR Capital Management LLC lifted its position in Boston Beer by 19.8% during the 4th quarter. AQR Capital Management LLC now owns 422,217 shares of the company’s stock worth $125,821,000 after acquiring an additional 69,778 shares during the last quarter. State Street Corp grew its position in shares of Boston Beer by 7.8% in the third quarter. State Street Corp now owns 292,643 shares of the company’s stock valued at $84,615,000 after purchasing an additional 21,276 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Boston Beer by 9.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 225,762 shares of the company’s stock worth $67,723,000 after purchasing an additional 19,063 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in Boston Beer by 27.1% in the 4th quarter. Fisher Asset Management LLC now owns 160,419 shares of the company’s stock worth $48,122,000 after buying an additional 34,176 shares during the period. 81.13% of the stock is currently owned by institutional investors.

Boston Beer Stock Up 0.2 %

Boston Beer stock opened at $238.98 on Friday. Boston Beer has a 52-week low of $215.10 and a 52-week high of $339.77. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 35.14, a PEG ratio of 1.23 and a beta of 1.26. The firm has a 50-day moving average price of $235.32 and a two-hundred day moving average price of $270.41.

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.