Are Analysts Bullish The Boston Beer Company, Inc. (NYSE:SAM) After Last Week?

December 7, 2017 - By Marie Mckinney

 Are Analysts Bullish The Boston Beer Company, Inc. (NYSE:SAM) After Last Week?
Investors sentiment decreased to 1.19 in Q2 2017. Its down 0.60, from 1.79 in 2017Q1. It turned negative, as 30 investors sold The Boston Beer Company, Inc. shares while 53 reduced holdings. 25 funds opened positions while 74 raised stakes. 8.43 million shares or 3.12% less from 8.70 million shares in 2017Q1 were reported.
Cornerstone Advsr Inc has invested 0.01% in The Boston Beer Company, Inc. (NYSE:SAM). Pnc Fincl Grp Inc holds 61,408 shares. Btim owns 66,134 shares or 0.14% of their US portfolio. Salem Invest Counselors invested 0% of its portfolio in The Boston Beer Company, Inc. (NYSE:SAM). Contrarius Management reported 0.27% of its portfolio in The Boston Beer Company, Inc. (NYSE:SAM). D E Shaw And Inc stated it has 0% in The Boston Beer Company, Inc. (NYSE:SAM). New York State Teachers Retirement owns 0.01% invested in The Boston Beer Company, Inc. (NYSE:SAM) for 18,377 shares. Loomis Sayles And Lp has invested 0% in The Boston Beer Company, Inc. (NYSE:SAM). Champlain Investment Partners Llc has 346,506 shares. Moreover, Fincl Bank Of America De has 0% invested in The Boston Beer Company, Inc. (NYSE:SAM). Martingale Asset Mngmt L P accumulated 0.04% or 22,602 shares. Qs Investors Lc reported 0% of its portfolio in The Boston Beer Company, Inc. (NYSE:SAM). Maryland-based Profit Mngmt Ltd Liability Corporation has invested 1.3% in The Boston Beer Company, Inc. (NYSE:SAM). Cardinal Management holds 0.11% or 2,501 shares. Ubs Asset Mgmt Americas Inc stated it has 3,654 shares.

The Boston Beer Company, Inc. (NYSE:SAM) Ratings Coverage

Among 15 analysts covering Boston Beer Co (NYSE:SAM), 1 have Buy rating, 5 Sell and 9 Hold. Therefore 7% are positive. Boston Beer Co had 51 analyst reports since July 28, 2015 according to SRatingsIntel. As per Wednesday, November 15, the company rating was maintained by Cowen & Co. The company was downgraded on Friday, October 14 by Berenberg. CLSA downgraded The Boston Beer Company, Inc. (NYSE:SAM) on Friday, October 30 to “Outperform” rating. Jefferies maintained the stock with “Hold” rating in Thursday, July 27 report. The firm has “Hold” rating given on Friday, August 4 by RBC Capital Markets. The stock of The Boston Beer Company, Inc. (NYSE:SAM) earned “Hold” rating by Jefferies on Tuesday, May 30. On Friday, September 16 the stock rating was initiated by Credit Suisse with “Underperform”. As per Friday, June 30, the company rating was maintained by RBC Capital Markets. The stock of The Boston Beer Company, Inc. (NYSE:SAM) has “Hold” rating given on Friday, January 8 by Jefferies. On Monday, May 1 the stock rating was upgraded by Susquehanna to “Positive”. Below is a list of The Boston Beer Company, Inc. (NYSE:SAM) latest ratings and price target changes.

06/12/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $166 Initiates Coverage On
15/11/2017 Broker: Cowen & Co Rating: Sell Maintain
13/11/2017 Broker: Susquehanna Old Rating: Positive New Rating: Neutral Downgrade
30/10/2017 Broker: Citigroup Rating: Neutral Old Target: $165 New Target: $181 Maintain
27/10/2017 Broker: Credit Suisse Rating: Neutral Old Target: $151 New Target: $160 Maintain
26/10/2017 Broker: Cowen & Co Rating: Sell New Target: $138.0 Maintain
20/10/2017 Broker: RBC Capital Markets Rating: Hold New Target: $158.0 Maintain
19/10/2017 Broker: Credit Suisse Rating: Neutral Old Target: $150 New Target: $151 Maintain
10/10/2017 Broker: Jefferies Rating: Hold New Target: $142.0 Maintain
26/09/2017 Broker: Credit Suisse Old Rating: Underperform New Rating: Neutral Upgrade

The stock increased 0.66% or $1.25 during the last trading session, reaching $189.95. About 161,383 shares traded or 6.02% up from the average. The Boston Beer Company, Inc. (NYSE:SAM) has declined 3.11% since December 7, 2016 and is downtrending. It has underperformed by 19.81% the S&P500.

The Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States. The company has market cap of $2.21 billion. The Company’s flagship beer is Samuel Adams Boston Lager. It has a 26.07 P/E ratio. The firm sells approximately 60 beers under the Samuel Adams and the Sam Adams brands; 20 hard cider beverages under the Angry Orchard brand; 13 flavored malt beverages under the Twisted Tea brand; and 4 hard seltzer beverages under the Truly Spiked & Sparkling brand name, as well as approximately 40 beers under A&S Brewing trade name.

More important recent The Boston Beer Company, Inc. (NYSE:SAM) news were published by: Seekingalpha.com which released: “Boston Beer Company: Road To Recovery” on September 22, 2017, also Zacks.com published article titled: “Here’s Why Boston Beer (SAM) Stock Surged in the Past Month”, Benzinga.com published: “Boston Beer: Does Stock Momentum Outweigh Expensive Valuation?” on December 06, 2017. More interesting news about The Boston Beer Company, Inc. (NYSE:SAM) was released by: Nasdaq.com and their article: “Zacks.com highlights: WellCare Health Plans, The Boston Beer Company, AppFolio …” with publication date: November 22, 2017.

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