Citigroup Cuts Boston Beer (NYSE:SAM) Price Target to $195.00

Boston Beer (NYSE:SAM) had its target price decreased by Citigroup from $240.00 to $195.00 in a research note published on Tuesday,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Other equities analysts also recently issued reports about the company. Roth Capital set a $315.00 price objective on Boston Beer in a research note on Friday, May 1st. Jefferies Financial Group set a $230.00 price target on Boston Beer in a research report on Friday, May 1st. The Goldman Sachs Group decreased their price objective on shares of Boston Beer from $192.00 to $169.00 and set a “sell” rating on the stock in a research report on Wednesday, July 8th. Evercore set a $240.00 price objective on shares of Boston Beer in a research note on Friday, May 1st. Finally, UBS Group dropped their target price on shares of Boston Beer from $250.00 to $245.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Ten analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Boston Beer has a consensus rating of “Reduce” and a consensus target price of $224.00.

Boston Beer Trading Up 7.3%

Shares of SAM stock opened at $182.34 on Tuesday. The stock has a 50 day simple moving average of $178.37 and a 200-day simple moving average of $210.22. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -28.94, a price-to-earnings-growth ratio of 2.19 and a beta of 0.78. Boston Beer has a 12-month low of $158.68 and a 12-month high of $264.46.

Boston Beer (NYSE:SAM) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.32). Boston Beer had a positive return on equity of 12.08% and a negative net margin of 2.96%.The business had revenue of $433.93 million during the quarter, compared to analysts’ expectations of $436.06 million. During the same quarter in the previous year, the company posted $2.16 EPS. The company’s revenue was down 4.4% compared to the same quarter last year. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. On average, equities analysts forecast that Boston Beer will post 9.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Ascentis Independent Advisors purchased a new position in Boston Beer in the 1st quarter valued at about $37,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Boston Beer during the fourth quarter worth about $35,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Boston Beer by 154.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock valued at $49,000 after buying an additional 141 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Boston Beer by 4,780.0% during the third quarter. CIBC Private Wealth Group LLC now owns 244 shares of the company’s stock valued at $52,000 after buying an additional 239 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Boston Beer by 180.9% during the fourth quarter. Covestor Ltd now owns 250 shares of the company’s stock valued at $49,000 after buying an additional 161 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.

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.