Boston Beer (SAM) Gets a Hold Rating from Jefferies


Jefferies analyst Kevin Grundy reiterated a Hold rating on Boston Beer (SAM) today. The company’s shares opened today at $280.52.

Grundy commented:

“SAM delivered a solid 4Q w/ in-line revs/OI, incl. +11% depletions and GM% +195 bps vs. Street. FY19 depletions guid. of +8-13% little changed and initial $9.00 was is in-line with Street est. of $8.47. Growth in FMBs (Truly, Twisted Tea) and cider (Angry Orchard) should sustain SAM’s strong topline trends in the near-term, though sustainability remains a question mark. Valuation looks full at ~27x EV/ULFCF multiple – Hold, PT to $271.”

According to TipRanks.com, Grundy is a 4-star analyst with an average return of 5.7% and a 59.5% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, Interlink Electronics, Inc., and Constellation Brands Inc.

Currently, the analyst consensus on Boston Beer is a Moderate Buy with an average price target of $286, implying a 2.0% upside from current levels. In a report released today, Macquarie also upgraded the stock to Hold with a $275 price target.

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The company has a one-year high of $329.95 and a one-year low of $160.40. Currently, Boston Beer has an average volume of 121.7K.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock.

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Boston Beer Co., Inc. engages in the business of alcoholic beverages. It operates through Boston Beer Company, and A&S Brewing segments. The Boston Beer Company segment comprises of Samuel Adams, Twisted Tea, Angry Orchard, and Truly Spiked a& Sparkling brands.

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