Boston Beer (NYSE:SAM)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Group in a research note issued on Thursday, January 4th. They currently have a $175.00 price objective on the stock. Jefferies Group’s price target would suggest a potential downside of 8.59% from the company’s current price.

A number of other research firms have also recently issued reports on SAM. TheStreet upgraded shares of Boston Beer from a “c+” rating to a “b-” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Boston Beer from a “hold” rating to a “buy” rating and set a $187.00 price objective for the company in a research note on Monday, October 30th. Berenberg Bank upgraded shares of Boston Beer from a “sell” rating to a “hold” rating in a research note on Monday, December 18th. Stifel Nicolaus began coverage on shares of Boston Beer in a research note on Tuesday, December 5th. They issued a “hold” rating and a $166.00 price objective for the company. Finally, Susquehanna Bancshares cut shares of Boston Beer from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $216.00 to $183.00 in a research note on Monday, November 13th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a strong buy rating to the company’s stock. Boston Beer currently has a consensus rating of “Hold” and a consensus price target of $158.55.

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Shares of Boston Beer (SAM) opened at $191.45 on Thursday. The company has a market cap of $2,250.00, a P/E ratio of 26.12, a P/E/G ratio of 5.41 and a beta of 0.58. Boston Beer has a fifty-two week low of $128.70 and a fifty-two week high of $197.05.

In other news, Director David A. Burwick sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $190.01, for a total value of $950,050.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jonathan N. Potter sold 771 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $173.50, for a total transaction of $133,768.50. The disclosure for this sale can be found here. Insiders sold a total of 106,754 shares of company stock worth $20,206,442 in the last three months. Insiders own 28.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Investment Management Company LLC lifted its position in Boston Beer by 0.5% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 1,612 shares of the company’s stock worth $276,000 after buying an additional 8 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Boston Beer by 2.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,312 shares of the company’s stock worth $306,000 after buying an additional 60 shares in the last quarter. Nationwide Fund Advisors lifted its position in Boston Beer by 0.3% during the 2nd quarter. Nationwide Fund Advisors now owns 20,811 shares of the company’s stock worth $2,750,000 after buying an additional 67 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in Boston Beer by 5.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,576 shares of the company’s stock worth $208,000 after buying an additional 76 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in Boston Beer by 5.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,860 shares of the company’s stock worth $246,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 76.36% of the company’s stock.

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About Boston Beer

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 (NYSE:SAM)

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