The Boston Beer Company, Inc. (NYSE:SAM) Given Average Recommendation of “Reduce” by Brokerages

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have earned a consensus recommendation of “Reduce” from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $248.3727.

Several equities analysts have weighed in on the company. 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, October 24th. Jefferies Financial Group decreased 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. Piper Sandler dropped their price objective on shares of Boston Beer from $230.00 to $220.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boston Beer in a research report on Wednesday, October 8th. Finally, Citigroup lowered their price target on shares of Boston Beer from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th.

Insider Buying and Selling at Boston Beer

In other news, Director Michael Spillane sold 3,120 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $205.78, for a total transaction of $642,033.60. Following the completion of the sale, the director directly owned 10,877 shares of the company’s stock, valued at $2,238,269.06. This trade represents a 22.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 26.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Boston Beer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quent Capital LLC acquired a new stake in Boston Beer in the third quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Boston Beer by 137.3% in 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 last quarter. GAMMA Investing LLC boosted its holdings in Boston Beer by 81.7% in the third quarter. GAMMA Investing LLC now owns 189 shares of the company’s stock worth $40,000 after purchasing an additional 85 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in Boston Beer by 606.1% in the second quarter. TD Waterhouse Canada Inc. now owns 233 shares of the company’s stock worth $46,000 after purchasing an additional 200 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Boston Beer by 154.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock worth $49,000 after buying an additional 141 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.

Boston Beer Price Performance

Shares of SAM opened at $208.40 on Tuesday. Boston Beer has a one year low of $185.34 and a one year high of $265.28. The company has a 50-day moving average of $198.63 and a two-hundred day moving average of $208.68. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.51 and a beta of 1.04.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $4.25 EPS 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 business had revenue of $537.49 million during the quarter, compared to the consensus estimate of $542.97 million. During the same quarter in the prior year, the firm earned $2.86 EPS. The firm’s quarterly 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. Analysts anticipate that Boston Beer will post 9.29 earnings per share for the current year.

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.