The Goldman Sachs Group Issues Pessimistic Forecast for Boston Beer (NYSE:SAM) Stock Price

Boston Beer (NYSE:SAM) had its price objective lowered by analysts at The Goldman Sachs Group from $192.00 to $169.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential downside of 7.74% from the company’s current price.

A number of other research analysts have also issued reports on the stock. Morgan Stanley lowered their target price on shares of Boston Beer from $235.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. Citigroup decreased their price target on shares of Boston Beer from $270.00 to $250.00 and set a “neutral” rating for the company in a report on Monday, May 4th. UBS Group lowered their price target on Boston Beer from $250.00 to $245.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Evercore set a $240.00 price objective on Boston Beer in a research note on Friday, May 1st. Finally, Sanford C. Bernstein cut their price objective on Boston Beer from $218.00 to $210.00 and set a “market perform” rating for the company in a research report on Tuesday, May 5th. Ten equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $234.00.

Boston Beer Stock Performance

Shares of SAM stock opened at $183.19 on Wednesday. The stock’s 50 day simple moving average is $185.24 and its 200 day simple moving average is $211.32. Boston Beer has a twelve month low of $158.68 and a twelve month high of $264.46. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of -29.08, a PEG ratio of 2.31 and a beta of 0.78.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its position in Boston Beer by 340.4% in 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 during the period. Gotham Asset Management LLC lifted its holdings 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 valued at $45,089,000 after acquiring an additional 201,752 shares during the period. Quantinno Capital Management LP lifted its holdings 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 valued at $53,127,000 after acquiring an additional 140,247 shares during the period. Woodson Capital Management LP acquired a new stake in shares of Boston Beer in the 4th quarter valued at $19,513,000. Finally, Vanguard Group Inc. boosted its stake in shares of Boston Beer by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 1,039,184 shares of the company’s stock valued at $202,776,000 after purchasing an additional 89,053 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.