Jefferies analyst Kevin Grundy reiterated a Hold rating on Boston Beer (SAM) today and set a price target of $241. The company’s shares opened today at $244.51.
According to TipRanks.com, Grundy is a 4-star analyst with an average return of 4.2% and a 58.2% success rate. Grundy covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, Constellation Brands Inc, and Edgewell Personal Care.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Boston Beer with a $298.50 average 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 141.1K.
Based on the recent corporate insider activity of 51 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.
