Boston Beer Co Inc (NYSE:SAM)‘s stock had its “hold” rating restated by investment analysts at Susquehanna in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports.

A number of other brokerages also recently issued reports on SAM. Zacks Investment Research raised Boston Beer Co from a “hold” rating to a “buy” rating and set a $287.00 price target for the company in a report on Tuesday, October 27th. Goldman Sachs upgraded Boston Beer Co from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $208.00 to $244.00 in a research note on Tuesday, October 20th. Cowen and Company reiterated a “market perform” rating and issued a $250.00 price objective (up previously from $230.00) on shares of Boston Beer Co in a research note on Monday, October 19th. Jefferies Group boosted their price objective on Boston Beer Co to $261.00 and gave the company a “buy” rating in a research note on Wednesday, October 14th. Finally, Nomura cut Boston Beer Co from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $260.00 to $200.00 in a research note on Monday, January 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $228.75.

In other news, VP Robert P. Pagano sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $221.13, for a total transaction of $663,390.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder C James Koch sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $219.42, for a total value of $2,413,620.00. Following the sale, the insider now owns 124,432 shares of the company’s stock, valued at approximately $27,302,869.44. The disclosure for this sale can be found here.

Several large investors recently added to or reduced their stakes in SAM. Dillon & Associates Inc. boosted its stake in Boston Beer Co by 7.7% in the fourth quarter. Dillon & Associates Inc. now owns 11,444 shares of the company’s stock valued at $2,312,000 after buying an additional 815 shares during the period. AMI Asset Management Corp boosted its stake in Boston Beer Co by 9.2% in the fourth quarter. AMI Asset Management Corp now owns 14,097 shares of the company’s stock valued at $2,846,000 after buying an additional 1,182 shares during the period. Cim LLC boosted its stake in Boston Beer Co by 1.4% in the fourth quarter. Cim LLC now owns 1,713 shares of the company’s stock valued at $346,000 after buying an additional 23 shares during the period. Russell Frank Co bought a new stake in Boston Beer Co during the fourth quarter valued at approximately $1,858,000. Finally, Jensen Investment Management Inc. bought a new stake in Boston Beer Co during the fourth quarter valued at approximately $378,000.

Shares of Boston Beer Co (NYSE:SAM) traded up 2.20% during midday trading on Wednesday, hitting $173.92. 11,328 shares of the stock were exchanged. Boston Beer Co has a one year low of $160.84 and a one year high of $321.99. The firm has a 50 day moving average of $188.71 and a 200-day moving average of $213.88. The company has a market cap of $2.25 billion and a price-to-earnings ratio of 23.41.

Boston Beer Co (NYSE:SAM) last announced its quarterly earnings results on Thursday, October 29th. The company reported $2.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.69 by $0.16. During the same period last year, the company earned $2.79 earnings per share. The business earned $293.10 million during the quarter, compared to analyst estimates of $288.03 million. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities analysts expect that Boston Beer Co will post $7.20 EPS for the current year.

The Boston Beer Company, Inc. (NYSE:SAM) is a craft brewer in the United States. The Company is engaged in the business of producing and selling alcohol beverages primarily in the domestic market and in international markets. As of December 31, 2014, Boston Beer sold approximately 4.1 million barrels of its products. As of December 31, 2014, the Company sold over sixty beers under the Samuel Adams or the Sam Adams brand names, eleven flavored malt beverages under the Twisted Tea brand name, ten hard cider beverages under the Angry Orchard brand name, and over twenty beers under four of the brand names of its subsidiary, Alchemy & Science. Boston Beer produces malt beverages and hard cider at the Company-owned breweries and under contract arrangements at other brewery locations.

12 Month Chart for NYSE:SAM

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