Boston Beer Company Inc (NYSE:SAM) has been downgraded to Hold in a statement by Berenberg Bank earlier today.
- Updated: October 14, 2016
Berenberg Bank has downgraded Boston Beer Company Inc (NYSE:SAM) to Hold in a statement released on 10/14/2016.
Having a price of $163.61, Boston Beer Company Inc (NYSE:SAM) traded -5.01% lower on the day. With the last close down -7.74% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Boston Beer Company Inc has recorded a 50-day average of $165.90 and a two hundred day average of $168.01. Volume of trade was down over the average, with 133,159 shares of SAM changing hands under the typical 201,258
With a total market value of $0, Boston Beer Company Inc has price-earnings ratio of 23.21 with a one year low of $145.33 and a one year high of $260.51 .
A total of 8 analysts have released a research note on Boston Beer Company Inc. zero analysts rating the company a strong buy, one analyst rating the company a buy, seven analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $156.00.
More About Boston Beer Company Inc (NYSE:SAM)
The Boston Beer Company, Inc. (Boston Beer) 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. The Company operates through two segments: Boston Beer Company segment and A&S Brewing Collaborative segment. The Boston Beer Company operating segment comprises of the Company's Samuel Adams, Twisted Tea and Angry Orchard brands. The A&S Brewing Collaborative operating segment comprises of The Traveler Beer Company, Coney Island Brewing Company, Angel City Brewing Company and Concrete Beach Brewing Company. It sells over 60 beers under the Samuel Adams and the Sam Adams brand names, over 10 flavored malt beverages under the Twisted Tea brand name, over 10 hard cider beverages under the Angry Orchard brand name and approximately 40 beers under over four of the brand names of its subsidiary, A&S Brewing Collaborative LLC, under its trade name Alchemy & Science.
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