Brokerages Set The Boston Beer Company, Inc. (NYSE:SAM) Price Target at $206.91

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have been given a consensus recommendation of “Reduce” by the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $206.9091.

Several equities analysts recently weighed in on SAM shares. Royal Bank Of Canada decreased their target price on shares of Boston Beer from $234.00 to $210.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th. Wall Street Zen raised shares of Boston Beer from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $195.00 price target on shares of Boston Beer in a research report on Monday, July 27th. Evercore set a $240.00 price target on shares of Boston Beer in a research note on Friday, May 1st. Finally, UBS Group decreased their price objective on shares of Boston Beer from $245.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, July 16th.

Hedge Funds Weigh In On Boston Beer

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Boston Beer by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 1,039,184 shares of the company’s stock valued at $202,776,000 after buying an additional 89,053 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Boston Beer by 340.4% during the 3rd quarter. AQR Capital Management LLC now owns 647,060 shares of the company’s stock worth $136,801,000 after acquiring an additional 500,120 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Boston Beer by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 273,612 shares of the company’s stock worth $63,040,000 after acquiring an additional 15,611 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Boston Beer by 5.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 271,516 shares of the company’s stock worth $52,981,000 after acquiring an additional 13,113 shares during the last quarter. Finally, Gotham Asset Management LLC raised its stake in Boston Beer by 16.7% in the 4th quarter. Gotham Asset Management LLC now owns 248,910 shares of the company’s stock valued at $48,570,000 after acquiring an additional 35,644 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Price Performance

Shares of NYSE SAM opened at $184.61 on Friday. The business has a 50-day moving average of $177.78 and a 200-day moving average of $207.98. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of -27.19 and a beta of 0.80. Boston Beer has a fifty-two week low of $158.68 and a fifty-two week high of $264.46.

Boston Beer (NYSE:SAM) last released its earnings results on Thursday, July 23rd. The company reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.83 by ($1.18). The company had revenue of $568.34 million for the quarter, compared to the consensus estimate of $566.68 million. Boston Beer had a positive return on equity of 9.99% and a negative net margin of 3.42%.The business’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.45 EPS. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. On average, sell-side analysts expect that Boston Beer will post 8.99 EPS for the current year.

About Boston Beer

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.