Boston Beer (NYSE:SAM) Given New $211.00 Price Target at Deutsche Bank Aktiengesellschaft

Boston Beer (NYSE:SAM) had its price target lowered by Deutsche Bank Aktiengesellschaft from $226.00 to $211.00 in a report released on Monday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Other equities analysts also recently issued research reports about the company. Morgan Stanley cut their price objective on Boston Beer from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 25th. Citigroup lifted their target price on Boston Beer from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Weiss Ratings lowered shares of Boston Beer from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, February 25th. Royal Bank Of Canada restated a “sector perform” rating and issued a $245.00 price target on shares of Boston Beer in a report on Friday, February 20th. Finally, Zacks Research downgraded shares of Boston Beer from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Eleven analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $231.28.

Boston Beer Price Performance

Shares of NYSE SAM opened at $229.71 on Monday. Boston Beer has a 1 year low of $185.34 and a 1 year high of $260.00. The firm has a 50-day simple moving average of $229.17 and a two-hundred day simple moving average of $215.19. The company has a market cap of $2.40 billion, a P/E ratio of 23.58, a PEG ratio of 2.51 and a beta of 1.00.

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

Institutional Trading of Boston Beer

Hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC increased its holdings in shares of Boston Beer by 340.4% in the 3rd 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 stake in shares of Boston Beer by 1,752.2% during the 3rd quarter. Gotham Asset Management LLC now owns 213,266 shares of the company’s stock worth $45,089,000 after purchasing an additional 201,752 shares during the last quarter. Woodson Capital Management LP purchased a new stake in shares of Boston Beer during the 4th quarter worth $19,513,000. Vanguard Group Inc. boosted its position in Boston Beer by 9.4% during the fourth 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. Finally, Qube Research & Technologies Ltd boosted its position in Boston Beer by 278.0% during the second quarter. Qube Research & Technologies Ltd now owns 112,507 shares of the company’s stock valued at $21,467,000 after purchasing an additional 82,742 shares in the last quarter. Hedge funds and other institutional investors own 81.13% of the company’s stock.

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.