Analysts at Deutsche Bank Securities maintain their HOLD rating on the shares of Boston Beer Company (NYSE : SAM). The 12-month target price is set to $97.
In a research note published on April 30, the analysts state Boston Beer's stocks were valued fairly. Growth in the year 2012 seems to meet with the anticipations as volume is driving the multiple. Development in c-stores and traffic in bar/ restaurant are assumed by observing the support for 6 -7 percent volume behind beer line extensions, Twisted Tea and Cider roll-out.

As beer is lagging craft category and has some negative mix pressure, stock appears to be near the target and 24x seems fairly valued for EPS of approximately 10 percent E, the analysts add.