Boston Beer (NYSE:SAM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Boston Beer (NYSE:SAM) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group reduced their price target on Boston Beer from $230.00 to $195.00 and set a “hold” rating for the company in a research report on Friday. UBS Group lowered their price target on Boston Beer from $245.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, July 16th. Evercore set a $240.00 price objective on Boston Beer in a research note on Friday, May 1st. Citigroup dropped their price objective on Boston Beer from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, The Goldman Sachs Group dropped their price target on Boston Beer from $192.00 to $169.00 and set a “sell” rating on the stock in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Boston Beer presently has an average rating of “Reduce” and a consensus price target of $205.91.

Boston Beer Price Performance

Shares of NYSE:SAM opened at $183.51 on Friday. The company’s 50-day moving average price is $177.79 and its two-hundred day moving average price is $209.21. 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 $1.91 billion, a PE ratio of -27.03, a price-to-earnings-growth ratio of 3.68 and a beta of 0.78.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $4.83 by ($1.18). The business had revenue of $568.34 million for the quarter, compared to analyst estimates of $566.68 million. Boston Beer had a positive return on equity of 9.99% and a negative net margin of 3.42%.The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.45 earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. On average, analysts anticipate that Boston Beer will post 8.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SAM. Wedge Capital Management L L P NC increased its stake in Boston Beer by 52.4% in the second quarter. Wedge Capital Management L L P NC now owns 12,238 shares of the company’s stock valued at $2,166,000 after acquiring an additional 4,210 shares during the last quarter. Parallel Advisors LLC raised its stake in Boston Beer by 67.3% during the first quarter. Parallel Advisors LLC now owns 843 shares of the company’s stock worth $194,000 after acquiring an additional 339 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Boston Beer by 25.9% in the first quarter. Glenmede Trust Co. NA now owns 3,456 shares of the company’s stock worth $796,000 after acquiring an additional 712 shares during the last quarter. Bull Harbor Capital LLC bought a new position in shares of Boston Beer in the first quarter worth about $303,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Boston Beer by 23.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 423 shares of the company’s stock valued at $97,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 81.13% of the company’s stock.

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.