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

January 23, 2018 - By Marguerite Chambers

 Are Analysts Bullish The Boston Beer Company, Inc. (NYSE:SAM) After Last Week?
Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.04, from 1.19 in 2017Q2. It fall, as 19 investors sold The Boston Beer Company, Inc. shares while 69 reduced holdings. 43 funds opened positions while 58 raised stakes. 8.75 million shares or 3.77% more from 8.43 million shares in 2017Q2 were reported.
State Bank Of America De owns 0% invested in The Boston Beer Company, Inc. (NYSE:SAM) for 11,363 shares. Boston Ltd Liability Co, a Massachusetts-based fund reported 2,145 shares. Paloma Prtnrs Management reported 0.01% in The Boston Beer Company, Inc. (NYSE:SAM). Ls Advisors Lc holds 697 shares or 0.01% of its portfolio. 1,720 were reported by Eqis Cap. 10 were accumulated by Thompson Davis Co. Laurion Capital Mgmt Limited Partnership holds 0% or 2,600 shares. Harvest Strategies Lc reported 1.49% in The Boston Beer Company, Inc. (NYSE:SAM). Usa Portformulas invested 0.15% of its portfolio in The Boston Beer Company, Inc. (NYSE:SAM). Smith Asset Management Ltd Partnership has invested 0.11% in The Boston Beer Company, Inc. (NYSE:SAM). Chicago Equity Partners Lc has invested 0.09% of its portfolio in The Boston Beer Company, Inc. (NYSE:SAM). Northern reported 142,867 shares. Raymond James And Associates reported 2,055 shares or 0% of all its holdings. Parametric Associate Limited Liability has 0% invested in The Boston Beer Company, Inc. (NYSE:SAM). Acadian Asset Ltd Company reported 23,954 shares.

Since October 31, 2017, it had 0 insider purchases, and 16 insider sales for $21.81 million activity. The insider HEATH TARA L. sold $12,090. Grinnell David L. had sold 1,000 shares worth $186,750. Another trade for 439 shares valued at $75,464 was sold by POTTER JONATHAN N.. $1.53 million worth of The Boston Beer Company, Inc. (NYSE:SAM) was sold by Geist John C on Tuesday, January 2. Burwick David A sold $950,050 worth of stock. $17,569 worth of The Boston Beer Company, Inc. (NYSE:SAM) was sold by Fisher Cheryl.

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

Among 15 analysts covering Boston Beer Co (NYSE:SAM), 1 have Buy rating, 4 Sell and 10 Hold. Therefore 7% are positive. Boston Beer Co had 54 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Friday, October 14 by Berenberg. The firm has “Neutral” rating given on Friday, October 27 by Credit Suisse. Jefferies maintained The Boston Beer Company, Inc. (NYSE:SAM) rating on Wednesday, April 19. Jefferies has “Hold” rating and $130 target. RBC Capital Markets maintained it with “Sector Perform” rating and $158 target in Friday, October 21 report. William Blair downgraded the stock to “Market Perform” rating in Monday, January 9 report. The firm earned “Hold” rating on Tuesday, May 30 by Jefferies. RBC Capital Markets maintained it with “Hold” rating and $15800 target in Friday, August 4 report. The stock of The Boston Beer Company, Inc. (NYSE:SAM) earned “Sell” rating by Goldman Sachs on Monday, July 24. The firm earned “Sell” rating on Wednesday, November 15 by Cowen & Co. The firm has “Hold” rating by Jefferies given on Friday, April 28. Below is a list of The Boston Beer Company, Inc. (NYSE:SAM) latest ratings and price target changes.

08/01/2018 Broker: Cowen & Co Rating: Sell New Target: $150.0 Maintain
04/01/2018 Broker: Jefferies Rating: Hold New Target: $175.0 Maintain
18/12/2017 Broker: Berenberg Old Rating: Sell New Rating: Hold Upgrade
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

The stock decreased 0.42% or $0.8 during the last trading session, reaching $188.1. About 71,439 shares traded. The Boston Beer Company, Inc. (NYSE:SAM) has declined 3.11% since January 23, 2017 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 $2.19 billion. The Company’s flagship beer is Samuel Adams Boston Lager. It has a 25.82 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 notable recent The Boston Beer Company, Inc. (NYSE:SAM) news were published by: Fool.com which released: “Why Is the Boston Beer Company Stalling?” on January 17, 2018, also Fool.com with their article: “Why Boston Beer Company Inc. Stock Skyrocketed Today” published on July 28, 2017, Fool.com published: “Boston Beer’s Latest Numbers Fail to Impress” on November 15, 2017. More interesting news about The Boston Beer Company, Inc. (NYSE:SAM) were released by: Seekingalpha.com and their article: “Boston Beer Company: Road To Recovery” published on September 22, 2017 as well as Thestreet.com‘s news article titled: “Why Boston Beer Company Should Sell to Molson Coors for Billions of Dollars” with publication date: September 27, 2017.

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