Williams Capital downgraded shares of The Boston Beer Company (NYSE: SAM) from an outperform rating to a market perform rating in a research note released on Thursday morning. They currently have $160.00 price target on the stock, up from their previous price target of $130.00. The analysts noted that the move was a valuation call.
The Boston Beer Company opened at 155.47 on Thursday. The Boston Beer Company has a 1-year low of $95.39 and a 1-year high of $162.31. The stock’s 50-day moving average is currently $145.. The company has a market cap of $1.974 billion and a price-to-earnings ratio of 35.43.
SAM has been the subject of a number of other recent research reports. Analysts at UBS AG raised their price target on shares of The Boston Beer Company from $111.00 to $117.00 in a research note to investors on Thursday, February 21st. They now have a sell rating on the stock. Separately, analysts at Zacks downgraded shares of The Boston Beer Company from an outperform rating to a neutral rating in a research note to investors on Wednesday, February 20th. They now have a $158.70 price target on the stock. Finally, analysts at Zacks upgraded shares of The Boston Beer Company from a neutral rating to an outperform rating in a research note to investors on Tuesday, January 1st. They now have a $139.90 price target on the stock.
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