Boston Beer (NYSE:SAM) Reaches New 12-Month Low – Here’s Why

The Boston Beer Company, Inc. (NYSE:SAM) shares reached a new 52-week low on Tuesday . The company traded as low as $183.01 and last traded at $185.2440, with a volume of 65950 shares traded. The stock had previously closed at $188.54.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SAM shares. Roth Mkm set a $315.00 price target on shares of Boston Beer in a research report on Friday, May 1st. Evercore set a $240.00 price target on shares of Boston Beer in a research report on Friday, May 1st. Citigroup decreased their target price on shares of Boston Beer from $270.00 to $250.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Sanford C. Bernstein decreased their target price on shares of Boston Beer from $218.00 to $210.00 and set a “market perform” rating on the stock in a report on Tuesday, May 5th. Finally, Morgan Stanley decreased their target price on shares of Boston Beer from $235.00 to $220.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Ten investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Boston Beer has a consensus rating of “Reduce” and an average price target of $235.64.

Boston Beer Trading Down 3.6%

The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -27.42, a price-to-earnings-growth ratio of 2.34 and a beta of 0.88. The firm’s fifty day simple moving average is $230.72 and its two-hundred day simple moving average is $217.69.

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

Hedge Funds Weigh In On Boston Beer

Several large investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its holdings in shares of Boston Beer by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 8,414 shares of the company’s stock worth $1,605,000 after acquiring an additional 57 shares during the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of Boston Beer by 5.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,192 shares of the company’s stock worth $227,000 after acquiring an additional 60 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Boston Beer by 18.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 439 shares of the company’s stock worth $101,000 after acquiring an additional 67 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Boston Beer by 28.2% in the 3rd quarter. US Bancorp DE now owns 386 shares of the company’s stock worth $82,000 after acquiring an additional 85 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Boston Beer by 12.6% in the 3rd quarter. Parallel Advisors LLC now owns 758 shares of the company’s stock worth $160,000 after acquiring an additional 85 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

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.