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

Wall Street Zen upgraded shares of Boston Beer (NYSE:SAM) from a sell rating to a hold rating in a report published on Sunday morning.

Other analysts also recently issued reports about the company. Citigroup dropped their price objective on Boston Beer from $270.00 to $250.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Jefferies Financial Group set a $230.00 price objective on Boston Beer in a report on Friday, May 1st. Zacks Research upgraded Boston Beer from a “strong sell” rating to a “hold” rating in a report on Thursday, April 23rd. Morgan Stanley dropped their price objective on Boston Beer from $235.00 to $220.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada dropped their price objective on Boston Beer from $245.00 to $242.00 and set a “sector perform” rating for the company in a report on Friday, May 1st. Ten analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $235.64.

Boston Beer Stock Down 0.0%

Shares of Boston Beer stock opened at $174.68 on Friday. Boston Beer has a fifty-two week low of $169.98 and a fifty-two week high of $264.46. The firm has a market cap of $1.82 billion, a PE ratio of -27.73, a P/E/G ratio of 2.25 and a beta of 0.88. The business’s fifty day moving average is $228.50 and its two-hundred day moving average is $216.90.

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

Institutional Trading of Boston Beer

Several large investors have recently modified their holdings of SAM. AQR Capital Management LLC grew its stake in shares of Boston Beer by 340.4% during the third quarter. AQR Capital Management LLC now owns 647,060 shares of the company’s stock valued at $136,801,000 after acquiring an additional 500,120 shares in the last quarter. Gotham Asset Management LLC lifted its position in shares of Boston Beer by 1,752.2% during the third quarter. Gotham Asset Management LLC now owns 213,266 shares of the company’s stock worth $45,089,000 after purchasing an additional 201,752 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Boston Beer by 155.2% during the first quarter. Quantinno Capital Management LP now owns 230,587 shares of the company’s stock worth $53,127,000 after purchasing an additional 140,247 shares during the last quarter. Woodson Capital Management LP bought a new position in shares of Boston Beer during the fourth quarter worth about $19,513,000. Finally, Vanguard Group Inc. lifted its position in shares of Boston Beer by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 1,039,184 shares of the company’s stock worth $202,776,000 after purchasing an additional 89,053 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

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.