Jefferies Financial Group Cuts Boston Beer (NYSE:SAM) Price Target to $225.00

Boston Beer (NYSE:SAM) had its target price reduced by Jefferies Financial Group from $230.00 to $225.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a hold rating on the stock.

Several other equities analysts also recently commented on the company. Wall Street Zen downgraded Boston Beer from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Sanford C. Bernstein set a $230.00 price objective on Boston Beer and gave the stock a “market perform” rating in a research note on Monday, July 28th. UBS Group reduced their target price on shares of Boston Beer from $275.00 to $214.00 and set a “neutral” rating on the stock in a research note on Thursday, July 17th. Citigroup lowered their target price on shares of Boston Beer from $285.00 to $230.00 and set a “buy” rating on the stock in a report on Tuesday, July 15th. Finally, Evercore ISI dropped their target price on shares of Boston Beer from $275.00 to $250.00 and set an “in-line” rating for the company in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $249.76.

Boston Beer Stock Performance

Shares of SAM stock opened at $223.53 on Tuesday. The firm has a fifty day moving average of $218.58 and a 200-day moving average of $222.23. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 1.89 and a beta of 0.83. Boston Beer has a 52-week low of $185.34 and a 52-week high of $329.55.

Boston Beer (NYSE:SAM) last posted its earnings results on Thursday, July 24th. The company reported $5.45 earnings per share for the quarter, beating analysts’ consensus estimates of $4.37 by $1.08. The business had revenue of $587.95 million for the quarter, compared to analysts’ expectations of $599.18 million. Boston Beer had a net margin of 3.65% and a return on equity of 15.15%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.39 earnings per share. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. On average, sell-side analysts predict that Boston Beer will post 9.29 earnings per share for the current year.

Insider Activity at Boston Beer

In related news, VP Annette N. Fritsch sold 600 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $219.24, for a total value of $131,544.00. Following the completion of the sale, the vice president owned 9,715 shares of the company’s stock, valued at $2,129,916.60. This trade represents a 5.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 26.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SAM. Teacher Retirement System of Texas raised its position in shares of Boston Beer by 34.8% during the first quarter. Teacher Retirement System of Texas now owns 6,472 shares of the company’s stock worth $1,546,000 after acquiring an additional 1,671 shares during the last quarter. Wedge Capital Management L L P NC increased its position in Boston Beer by 51.8% in the first quarter. Wedge Capital Management L L P NC now owns 8,593 shares of the company’s stock worth $2,052,000 after purchasing an additional 2,932 shares during the period. Calamos Advisors LLC raised its holdings in Boston Beer by 70.8% during the 1st quarter. Calamos Advisors LLC now owns 46,071 shares of the company’s stock worth $11,004,000 after purchasing an additional 19,090 shares during the last quarter. Northern Trust Corp lifted its position in Boston Beer by 7.6% during the 1st quarter. Northern Trust Corp now owns 86,791 shares of the company’s stock valued at $20,729,000 after purchasing an additional 6,159 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Boston Beer by 7,861.2% in the 1st quarter. GAMMA Investing LLC now owns 10,270 shares of the company’s stock valued at $2,453,000 after purchasing an additional 10,141 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors.

Boston Beer Company Profile

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.