The Boston Beer Company, Inc. (NYSE:SAM) Given Average Rating of “Reduce” by Brokerages

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have been given a consensus rating of “Reduce” by the eleven brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and ten have given a hold rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $240.50.

A number of equities analysts have recently issued reports on SAM shares. Citigroup reduced their target price on shares of Boston Beer from $270.00 to $250.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Jefferies Financial Group set a $230.00 price target on shares of Boston Beer in a report on Friday, May 1st. UBS Group dropped their price objective on shares of Boston Beer from $250.00 to $245.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Zacks Research raised Boston Beer from a “strong sell” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, Sanford C. Bernstein decreased their price objective on Boston Beer from $218.00 to $210.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 5th.

Institutional Investors Weigh In On Boston Beer

Several institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its position in shares of Boston Beer by 55.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 62,051 shares of the company’s stock worth $14,820,000 after buying an additional 22,129 shares during the period. Empowered Funds LLC raised its position in shares of Boston Beer by 8.8% in the 1st quarter. Empowered Funds LLC now owns 1,207 shares of the company’s stock valued at $288,000 after acquiring an additional 98 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Boston Beer by 5.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,902 shares of the company’s stock worth $5,231,000 after acquiring an additional 1,067 shares during the last quarter. Cetera Investment Advisers boosted its stake in Boston Beer by 17.9% during the 2nd quarter. Cetera Investment Advisers now owns 1,653 shares of the company’s stock worth $315,000 after acquiring an additional 251 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Boston Beer by 41.5% during the second quarter. First Trust Advisors LP now owns 15,657 shares of the company’s stock valued at $2,988,000 after purchasing an additional 4,591 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Trading Up 5.0%

Shares of Boston Beer stock traded up $9.03 during trading on Tuesday, reaching $188.85. The company’s stock had a trading volume of 21,735 shares, compared to its average volume of 230,779. The stock has a 50-day moving average price of $186.30 and a two-hundred day moving average price of $211.43. Boston Beer has a one year low of $158.68 and a one year high of $264.46. The stock has a market capitalization of $1.97 billion, a P/E ratio of -29.90, a price-to-earnings-growth ratio of 2.36 and a beta of 0.78.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.32). Boston Beer had a positive return on equity of 12.08% and a negative net margin of 2.96%.The company had revenue of $433.93 million for the quarter, compared to analyst estimates of $436.06 million. During the same quarter last year, the company earned $2.16 EPS. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, sell-side analysts anticipate that Boston Beer will post 9.77 EPS for the current fiscal year.

Boston Beer Company Profile

The Boston Beer Company, Inc (NYSE: SAM) is a leading craft brewer headquartered in Boston, Massachusetts. Since its founding in 1984 by Jim Koch, the company has focused on producing high-quality, distinctive beers and beverages for retail, on-premise, and distribution partners across the United States. Its operations include brewing, packaging, marketing and distribution, supported by a network of wholly owned brewing facilities and strategic partnerships with regional breweries.

Boston Beer’s flagship brand, Samuel Adams Boston Lager, helped establish the modern U.S.