Guggenheim Reiterates a Buy Rating on Boston Beer (SAM)


In a report released yesterday, Laurent Grandet from Guggenheim reiterated a Buy rating on Boston Beer (SAM), with a price target of $308. The company’s shares closed yesterday at $268.30.

According to TipRanks.com, Grandet is a 4-star analyst with an average return of 11.2% and a 76.4% success rate. Grandet covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Anheuser-Busch Inbev Sa, and Mondelez International.

Boston Beer has an analyst consensus of Moderate Buy, with a price target consensus of $274.50.

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Based on Boston Beer’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $38.01 million. In comparison, last year the company had a net profit of $30.53 million.

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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