2 weeks Ago By ABMN Staff
Shares of The Boston Beer Company, Inc. ( NYSE:SAM – Get Free Report ) have been given an average rating of “Hold” by the twelve analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have issued a buy recommendation on the company.
The average 12-month price objective among brokers that have issued a report on the stock in the last year is $326.92. A number of equities research analysts have issued reports on the company.
StockNews.com downgraded Boston Beer from a “buy” rating to a “hold” rating in a research report on Wednesday, June 12th. Piper Sandler decreased their target price on Boston Beer from $344.
00 to $325.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Royal Bank of Canada decreased their target price on Boston Beer from $332.
00 to $318.00 and set a “sector perform” rating for the company in a research report on Friday, July 26th. Roth Mkm decreased their target price on Boston Beer from $395.
00 to $389.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Finally, Morgan Stanley raised Boston Beer from an “underweight” rating to an “equal weight” rating and set a $290.
00 target price for the company in a research report on Wednesday, June 5th. Get Our Latest Stock Report on SAM Institutional Inflows and Outflows Boston Beer Trading Up 2.4 % SAM stock opened at $283.
61 on Wednesday. The stock has a 50-day moving average price of $275.42 and a two-hundred day moving average price of $284.
17. Boston Beer has a 12-month low of $254.40 and a 12-month high of $395.
52. The company has a market cap of $3.32 billion, a PE ratio of 35.
58, a price-to-earnings-growth ratio of 1.13 and a beta of 1.05.
Boston Beer ( NYSE:SAM – Get Free Report ) last posted its quarterly earnings results on Thursday, July 25th. The company reported $4.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.
99 by ($0.60). Boston Beer had a net margin of 4.
39% and a return on equity of 9.69%. The firm had revenue of $579.
10 million for the quarter, compared to analysts’ expectations of $597.33 million. During the same period last year, the firm posted $4.
72 EPS. Boston Beer’s revenue was down 4.0% on a year-over-year basis.
Equities analysts forecast that Boston Beer will post 9.65 EPS for the current fiscal year. About Boston Beer ( Get Free Report 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. Further Reading Receive News & Ratings for Boston Beer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Beer and related companies with MarketBeat.
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