In a report released today, Vivien Azer from Cowen & Co. reiterated a Hold rating on Boston Beer (SAM), with a price target of $311. The company’s shares closed yesterday at $306.75, close to its 52-week high of $329.95.
According to TipRanks.com, Azer is a top 100 analyst with an average return of 27.6% and a 67.5% success rate. Azer covers the Consumer Goods sector, focusing on stocks such as British American Tobacco, Constellation Brands Inc, and Imperial Brands.
Currently, the analyst consensus on Boston Beer is a Hold with an average price target of $292.25, which is a -4.7% downside from current levels. In a report released yesterday, Macquarie also upgraded the stock to Hold with a $275 price target.
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Boston Beer’s market cap is currently $3.53B and has a P/E ratio of 35.62. The company has a Price to Book ratio of 8.11.
Based on the recent corporate insider activity of 33 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.
