In a report released today, Pablo Zuanic from Susquehanna reiterated a Hold rating on Boston Beer (NYSE: SAM), with a price target of $160. The company’s shares opened today at $158.10, close to its 52-week low of $145.33.
According to TipRanks.com, Zuanic is a 5-star analyst with an average return of 6.9% and a 66.7% success rate. Zuanic 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 Sell, with a price target consensus of $147.50.
Boston Beer’s market cap is currently $1.92B and has a P/E ratio of 23.32. The company has a book value ratio of 4.6568.
Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is neutral on the stock.
Boston Beer Co., Inc. engages in the business of producing and selling alcoholic beverages. It produces malt beverages and hard cider products at company owned breweries and under contract arrangements at other brewery locations. The company operates through two segments: Boston Beer Company and A&S Brewing Collaborative. The Boston Beer Company segment is comprised of the Samuel Adams, Twisted Tea and Angry Orchard brands. The A&S Brewing Collaborative operating segment includes Angel City Brewing Company and Concrete Beach Brewing Company. Boston Beer was founded by C. James Koch in 1984 and is headquartered in Boston, MA.
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