Royal Bank Of Canada Cuts Boston Beer (NYSE:SAM) Price Target to $190.00

Boston Beer (NYSE:SAM) had its target price decreased by Royal Bank Of Canada from $210.00 to $190.00 in a report released on Tuesday morning, MarketBeat.com reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Other analysts have also recently issued reports about the stock. Wall Street Zen upgraded shares of Boston Beer from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. UBS Group reduced their price objective on Boston Beer from $245.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, July 16th. Jefferies Financial Group lowered their price objective on Boston Beer from $230.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Sanford C. Bernstein reissued a “market perform” rating and set a $195.00 target price on shares of Boston Beer in a research report on Monday, July 27th. Finally, The Goldman Sachs Group decreased their price target on Boston Beer from $192.00 to $169.00 and set a “sell” rating on the stock in a report on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Boston Beer has a consensus rating of “Reduce” and an average price target of $205.09.

Boston Beer Trading Up 1.8%

Shares of SAM stock opened at $171.11 on Tuesday. The stock’s 50-day moving average price is $175.53 and its 200-day moving average price is $190.53. Boston Beer has a 12-month low of $158.68 and a 12-month high of $264.46. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -25.20 and a beta of 0.82.

Boston Beer (NYSE:SAM) last released its quarterly earnings results on Thursday, July 23rd. The company reported $3.65 earnings per share for the quarter, missing the consensus estimate of $4.83 by ($1.18). Boston Beer had a negative net margin of 3.42% and a positive return on equity of 9.99%. The firm had revenue of $568.34 million for the quarter, compared to analysts’ expectations of $566.68 million. During the same quarter in the prior year, the business earned $5.45 EPS. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, research analysts predict that Boston Beer will post 8.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Boston Beer

Hedge funds have recently bought and sold shares of the business. IFP Advisors Inc grew its holdings in shares of Boston Beer by 333.3% in the second quarter. IFP Advisors Inc now owns 156 shares of the company’s stock worth $28,000 after purchasing an additional 120 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in Boston Beer in the 2nd quarter valued at about $35,000. Ascentis Independent Advisors purchased a new stake in Boston Beer in the 1st quarter valued at about $37,000. Public Employees Retirement System of Ohio bought a new position in Boston Beer in the 2nd quarter worth about $47,000. Finally, GAMMA Investing LLC grew its stake in Boston Beer by 141.8% in the 3rd quarter. GAMMA Investing LLC now owns 440 shares of the company’s stock worth $72,000 after acquiring an additional 258 shares in the last quarter. Institutional investors own 81.13% of the company’s stock.

Boston Beer Company Profile

The Boston Beer Company, Inc is a craft brewing and alcoholic beverage company founded in 1984 by Jim Koch and headquartered in Boston, Massachusetts. The company is best known for Samuel Adams Boston Lager, which helped establish its reputation as one of the early leaders of the modern American craft beer movement.

Boston Beer develops, produces and sells a broad portfolio of beverages, including beers, hard seltzers, ciders, flavored malt beverages and ready-to-drink products. Its brands include Samuel Adams, Truly Hard Seltzer, Twisted Tea, Angry Orchard and Dogfish Head.