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

The Boston Beer Company, Inc. (NYSE:SAM) has been given a consensus rating of “Reduce” by the thirteen ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $233.31.

A number of equities analysts recently issued reports on SAM shares. Piper Sandler lowered their price target on Boston Beer from $230.00 to $220.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Morgan Stanley decreased their price target on Boston Beer from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $245.00 price objective on shares of Boston Beer in a research report on Friday, February 20th. Weiss Ratings lowered shares of Boston Beer from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 25th. Finally, Zacks Research lowered shares of Boston Beer from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th.

Boston Beer Price Performance

Shares of SAM opened at $226.06 on Wednesday. Boston Beer has a 1-year low of $185.34 and a 1-year high of $260.00. The stock has a market cap of $2.41 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 2.43 and a beta of 1.00. The firm has a fifty day moving average price of $219.19 and a 200 day moving average price of $214.01.

Boston Beer (NYSE:SAM) last posted its earnings results on Tuesday, February 24th. The company reported ($2.12) EPS for the quarter, topping analysts’ consensus estimates of ($2.33) by $0.21. The business had revenue of $385.68 million for the quarter, compared to analysts’ expectations of $381.75 million. Boston Beer had a return on equity of 12.16% and a net margin of 5.20%.The business’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.68) earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. As a group, equities analysts expect that Boston Beer will post 9.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Boston Beer

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in Boston Beer by 55.4% in the first quarter. Goldman Sachs Group Inc. now owns 62,051 shares of the company’s stock valued at $14,820,000 after purchasing an additional 22,129 shares during the last quarter. Empowered Funds LLC grew its stake in Boston Beer by 8.8% in the 1st quarter. Empowered Funds LLC now owns 1,207 shares of the company’s stock valued at $288,000 after acquiring an additional 98 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Boston Beer by 5.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,902 shares of the company’s stock valued at $5,231,000 after acquiring an additional 1,067 shares in the last quarter. Teacher Retirement System of Texas raised its position in Boston Beer by 3.5% during the second quarter. Teacher Retirement System of Texas now owns 6,697 shares of the company’s stock worth $1,278,000 after acquiring an additional 225 shares during the last quarter. Finally, Fox Run Management L.L.C. raised its position in Boston Beer by 13.7% during the second quarter. Fox Run Management L.L.C. now owns 3,162 shares of the company’s stock worth $603,000 after acquiring an additional 380 shares during the last quarter. 81.13% of the stock is owned by hedge funds and other institutional investors.

Boston Beer Company Profile

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.