The Boston Beer Company, Inc. (NYSE:SAM) Stock Has Consensus Target Price of $206.91

The Boston Beer Company, Inc. (NYSE:SAM) has been assigned an average rating of “Reduce” from the twelve brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $206.91.

Several research firms have recently weighed in on SAM. Citigroup dropped their price target on shares of Boston Beer from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. UBS Group decreased their price objective on Boston Beer from $245.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, July 16th. Morgan Stanley set a $190.00 price objective on Boston Beer and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Jefferies Financial Group cut their target price on Boston Beer from $230.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Finally, Wall Street Zen upgraded Boston Beer from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th.

Boston Beer Trading Down 1.5%

Shares of SAM stock opened at $163.72 on Friday. The company’s 50-day moving average price is $177.87 and its 200-day moving average price is $194.80. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of -24.11 and a beta of 0.83. Boston Beer has a twelve month low of $158.68 and a twelve month high of $264.46.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.83 by ($1.18). Boston Beer had a negative net margin of 3.42% and a positive return on equity of 9.99%. The firm had revenue of $568.34 million during the quarter, compared to analysts’ expectations of $566.68 million. During the same period in the prior year, the company posted $5.45 EPS. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, equities research analysts predict that Boston Beer will post 8.99 EPS for the current year.

Institutional Trading of Boston Beer

Several institutional investors and hedge funds have recently bought and sold shares of SAM. WINTON GROUP Ltd lifted its position in Boston Beer by 1.1% in the second quarter. WINTON GROUP Ltd now owns 33,018 shares of the company’s stock valued at $5,845,000 after buying an additional 359 shares during the last quarter. Engineers Gate Manager LP increased its position in shares of Boston Beer by 367.2% during the second quarter. Engineers Gate Manager LP now owns 9,610 shares of the company’s stock valued at $1,701,000 after acquiring an additional 7,553 shares during the last quarter. IFP Advisors Inc increased its position in shares of Boston Beer by 333.3% during the second quarter. IFP Advisors Inc now owns 156 shares of the company’s stock valued at $28,000 after acquiring an additional 120 shares during the last quarter. Nykredit A S purchased a new stake in shares of Boston Beer in the 2nd quarter valued at approximately $115,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Boston Beer in the 2nd quarter valued at approximately $901,000. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

Boston Beer Company Profile

Boston Beer Company, Inc is an American beverage company that develops, produces and sells alcoholic beverages. Founded in 1984 by Jim Koch, the company helped popularize craft beer in the United States with Samuel Adams Boston Lager, its flagship brand.

Boston Beer’s portfolio includes Samuel Adams and other craft beer brands, as well as Truly Hard Seltzer, Twisted Tea hard iced tea, Angry Orchard hard cider and beverages associated with Dogfish Head Brewery, which it acquired in 2019.