Brokerages Set The Boston Beer Company, Inc. (NYSE:SAM) PT at $250.65

The Boston Beer Company, Inc. (NYSE:SAM) has been assigned a consensus rating of “Reduce” from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $250.6455.

A number of equities research analysts have weighed in on SAM shares. Jefferies Financial Group cut their price target on shares of Boston Beer from $230.00 to $225.00 and set a “hold” rating for the company in a report on Tuesday, September 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Boston Beer in a research note on Wednesday, October 8th. Sanford C. Bernstein set a $230.00 target price on shares of Boston Beer and gave the stock a “market perform” rating in a report on Monday, July 28th. Morgan Stanley dropped their price target on Boston Beer from $270.00 to $245.00 and set an “equal weight” rating on the stock in a report on Friday, July 25th. Finally, UBS Group raised their price objective on Boston Beer from $230.00 to $246.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th.

Boston Beer Stock Performance

Shares of NYSE SAM opened at $207.13 on Thursday. Boston Beer has a 1 year low of $185.34 and a 1 year high of $329.55. The firm has a market cap of $2.31 billion, a P/E ratio of 24.43, a PEG ratio of 1.85 and a beta of 0.83. The stock has a fifty day moving average price of $219.93 and a two-hundred day moving average price of $219.58.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $4.25 earnings per share for the quarter, beating the consensus estimate of $3.78 by $0.47. Boston Beer had a return on equity of 12.29% and a net margin of 4.38%.The business had revenue of $537.49 million during the quarter, compared to analyst estimates of $542.97 million. During the same quarter in the prior year, the firm posted $2.86 earnings per share. The company’s revenue was down 11.2% on a year-over-year basis. Boston Beer has set its FY 2025 guidance at 7.800-9.800 EPS. On average, research analysts predict that Boston Beer will post 9.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Boston Beer

In related news, VP Annette N. Fritsch sold 600 shares of Boston Beer stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $219.24, for a total value of $131,544.00. Following the transaction, the vice president owned 9,715 shares of the company’s stock, valued at approximately $2,129,916.60. This trade represents a 5.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 26.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rossby Financial LCC acquired a new stake in shares of Boston Beer during the first quarter valued at approximately $25,000. Elequin Capital LP purchased a new position in Boston Beer during the 1st quarter worth approximately $30,000. Quent Capital LLC purchased a new position in Boston Beer during the 3rd quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB raised its stake in Boston Beer by 137.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 159 shares of the company’s stock valued at $34,000 after purchasing an additional 92 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Boston Beer in the first quarter valued at $44,000. 81.13% of the stock is currently owned by institutional investors and hedge funds.

About Boston Beer

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.