Boston Beer Company, Inc. (The) (NYSE:SAM) was downgraded by stock analysts at Susquehanna Bancshares Inc from a “positive” rating to a “neutral” rating in a research report issued on Monday. They presently have a $183.00 price objective on the stock, down from their prior price objective of $216.00. Susquehanna Bancshares Inc’s price target points to a potential upside of 5.78% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Jefferies Group LLC reiterated a “hold” rating on shares of Boston Beer Company, Inc. (The) in a report on Thursday, September 7th. BidaskClub upgraded shares of Boston Beer Company, Inc. (The) from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research cut shares of Boston Beer Company, Inc. (The) from a “strong-buy” rating to a “hold” rating in a report on Monday, October 16th. Goldman Sachs Group, Inc. (The) cut shares of Boston Beer Company, Inc. (The) from a “neutral” rating to a “sell” rating and cut their price target for the stock from $140.00 to $110.00 in a report on Monday, July 24th. Finally, Berenberg Bank restated a “sell” rating and set a $124.00 price target on shares of Boston Beer Company, Inc. (The) in a report on Monday, September 18th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $149.80.

Shares of Boston Beer Company, Inc. (NYSE:SAM) traded down $0.20 during midday trading on Monday, reaching $173.00. 96,000 shares of the company were exchanged, compared to its average volume of 168,385. The firm has a market cap of $2,036.83, a price-to-earnings ratio of 23.63, a PEG ratio of 5.70 and a beta of 0.57. Boston Beer Company, Inc. has a 12-month low of $128.70 and a 12-month high of $181.20.

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

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In other news, insider Jonathan N. Potter sold 771 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $173.50, for a total value of $133,768.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 28.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its stake in Boston Beer Company, Inc. (The) by 95.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 842 shares of the company’s stock valued at $111,000 after acquiring an additional 411 shares in the last quarter. Victory Capital Management Inc. grew its stake in Boston Beer Company, Inc. (The) by 17.6% during the second quarter. Victory Capital Management Inc. now owns 971 shares of the company’s stock valued at $128,000 after acquiring an additional 145 shares in the last quarter. IFP Advisors Inc grew its stake in Boston Beer Company, Inc. (The) by 12.7% during the second quarter. IFP Advisors Inc now owns 1,206 shares of the company’s stock valued at $159,000 after acquiring an additional 136 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Boston Beer Company, Inc. (The) during the third quarter valued at approximately $203,000. Finally, Shaker Investments LLC OH purchased a new position in Boston Beer Company, Inc. (The) in the 3rd quarter worth approximately $209,000. 72.84% of the stock is owned by institutional investors.

Boston Beer Company, Inc. (The) Company Profile

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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