RBC Capital Sticks to Their Hold Rating for Boston Beer (SAM)
RBC Capital analyst Nik Modi maintained a Hold rating on Boston Beer yesterday and set a price target of $245.00.
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Modi covers the Consumer Defensive sector, focusing on stocks such as PepsiCo, Colgate-Palmolive, and B&G Foods. According to TipRanks, Modi has an average return of -4.8% and a 43.28% success rate on recommended stocks.
Currently, the analyst consensus on Boston Beer is a Hold with an average price target of $238.90.
Based on Boston Beer’s latest earnings release for the quarter ending December 27, the company reported a quarterly revenue of $507.94 million and a GAAP net loss of $22.53 million. In comparison, last year the company earned a revenue of $402.3 million and had a GAAP net loss of $38.76 million
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- Boston Beer price target raised to $250 from $230 at UBS
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