On Oct 25, major Wall Street analysts update their ratings for $Boston Beer (SAM.US)$, with price targets ranging from $305 to $330.
Jefferies analyst Kaumil Gajrawala downgrades to a hold rating, and adjusts the target price from $355 to $325.
RBC Capital analyst Nik Modi maintains with a hold rating, and maintains the target price at $318.
Piper Sandler analyst Michael Lavery maintains with a buy rating, and adjusts the target price from $325 to $330.
Bernstein analyst Nadine Sarwat maintains with a hold rating, and maintains the target price at $305.
Furthermore, according to the comprehensive report, the opinions of $Boston Beer (SAM.US)$'s main analysts recently are as follows:
The analyst previously anticipated improvements in beer and cider sales during the summer period; however, the situation deteriorated instead. Additionally, the growth of Twisted is experiencing a slowdown, and there seem to be few other avenues for growth at Boston Beer. It is believed that the pre-payment and shortfall fees to third parties have hindered the progress towards better margins. While the company has a robust balance sheet, which could support capital returns to mitigate some weaknesses, there appears to be a lack of clear visibility on the matter. A stance of neutrality is being adopted, pending concrete signs of business improvement.
Here are the latest investment ratings and price targets for $Boston Beer (SAM.US)$ from 4 analysts:
Note:
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