Boston Beer (NYSE:SAM) Earns Sell (D+) Rating from Weiss Ratings

Boston Beer (NYSE:SAM)‘s stock had its “sell (d+)” rating restated by research analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

Several other brokerages also recently issued reports on SAM. Evercore ISI reduced their price objective on 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. UBS Group lifted their target price on Boston Beer from $230.00 to $246.00 and gave the company a “neutral” rating in a research note on Friday. Jefferies Financial Group decreased their price target on Boston Beer from $230.00 to $225.00 and set a “hold” rating for the company in a research note on Tuesday, September 30th. Citigroup cut shares of Boston Beer from a “buy” rating to a “neutral” rating and cut their price objective for the company from $255.00 to $235.00 in a research note on Monday, October 6th. Finally, Morgan Stanley reduced their price objective on shares of Boston Beer from $270.00 to $245.00 and set an “equal weight” rating for the company in a report on Friday, July 25th. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Boston Beer presently has a consensus rating of “Reduce” and an average target price of $250.65.

Boston Beer Stock Performance

Shares of SAM opened at $232.13 on Friday. Boston Beer has a 1 year low of $185.34 and a 1 year high of $329.55. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 2.10 and a beta of 0.83. The firm has a fifty day moving average of $220.41 and a 200-day moving average of $220.54.

Boston Beer (NYSE:SAM) last issued 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 net margin of 4.38% and a return on equity of 12.29%. The firm had revenue of $537.49 million for the quarter, compared to the consensus estimate of $542.97 million. During the same period last year, the firm posted $2.86 EPS. Boston Beer’s quarterly revenue was down 11.2% compared to the same quarter last year. Boston Beer has set its FY 2025 guidance at 7.800-9.800 EPS. Analysts predict that Boston Beer will post 9.29 EPS for the current year.

Insiders Place Their Bets

In other news, VP Annette N. Fritsch sold 600 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $219.24, for a total transaction of $131,544.00. Following the completion of the transaction, the vice president owned 9,715 shares in the company, valued at approximately $2,129,916.60. This trade represents a 5.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 26.10% of the company’s stock.

Institutional Trading of Boston Beer

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rossby Financial LCC acquired a new position in Boston Beer in the first quarter worth approximately $25,000. Elequin Capital LP acquired a new stake in shares of Boston Beer during the 1st quarter valued at $30,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Boston Beer by 137.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 159 shares of the company’s stock worth $34,000 after acquiring an additional 92 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Boston Beer by 81.7% in the 3rd quarter. GAMMA Investing LLC now owns 189 shares of the company’s stock worth $40,000 after acquiring an additional 85 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Boston Beer during the first quarter worth $44,000. 81.13% of the stock is owned by institutional investors and hedge funds.

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.