Boston Beer (NYSE:SAM) Upgraded at Zacks Research

Zacks Research upgraded shares of Boston Beer (NYSE:SAM) from a strong sell rating to a hold rating in a report released on Thursday,Zacks.com reports.

Several other brokerages have also weighed in on SAM. Deutsche Bank Aktiengesellschaft decreased their price objective on Boston Beer from $226.00 to $211.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Citigroup lifted their price objective on Boston Beer from $230.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. UBS Group raised their target price on Boston Beer from $230.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 7th. Royal Bank Of Canada restated a “sector perform” rating and set a $245.00 target price on shares of Boston Beer in a research report on Friday, February 20th. Finally, Morgan Stanley cut their target price on Boston Beer from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 25th. Ten investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Boston Beer has a consensus rating of “Reduce” and a consensus price target of $232.30.

Boston Beer Trading Down 1.8%

Shares of NYSE:SAM opened at $236.13 on Thursday. Boston Beer has a 1-year low of $185.34 and a 1-year high of $264.46. The firm has a market capitalization of $2.47 billion, a PE ratio of 24.24, a PEG ratio of 2.30 and a beta of 0.90. The business’s 50 day moving average is $234.93 and its 200-day moving average is $218.52.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Tuesday, February 24th. The company reported ($2.12) earnings per share for the quarter, topping the consensus estimate of ($2.33) by $0.21. Boston Beer had a return on equity of 12.16% and a net margin of 5.20%.The company had revenue of $385.68 million for the quarter, compared to analyst estimates of $381.75 million. During the same quarter last year, the firm earned ($1.68) EPS. Boston Beer’s revenue for the quarter was down 4.1% compared to the same quarter last year. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. On average, sell-side analysts predict that Boston Beer will post 10.08 EPS for the current year.

Hedge Funds Weigh In On Boston Beer

Several hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System lifted its position in shares of Boston Beer by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 8,414 shares of the company’s stock worth $1,605,000 after buying an additional 57 shares during the period. Great Valley Advisor Group Inc. lifted its position in shares of Boston Beer by 5.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,192 shares of the company’s stock worth $227,000 after buying an additional 60 shares during the period. GAMMA Investing LLC lifted its position in shares of Boston Beer by 81.7% during the 3rd quarter. GAMMA Investing LLC now owns 189 shares of the company’s stock worth $40,000 after buying an additional 85 shares during the period. US Bancorp DE lifted its position in shares of Boston Beer by 28.2% during the 3rd quarter. US Bancorp DE now owns 386 shares of the company’s stock worth $82,000 after buying an additional 85 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of Boston Beer by 12.6% during the 3rd quarter. Parallel Advisors LLC now owns 758 shares of the company’s stock worth $160,000 after buying an additional 85 shares during the period. 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.