Boston Beer (NYSE:SAM) Downgraded by Wall Street Zen to “Sell”

Boston Beer (NYSE:SAM) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other equities analysts have also commented on SAM. Royal Bank Of Canada reissued a “sector perform” rating and set a $245.00 price target 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 note on Wednesday, February 25th. Zacks Research cut shares of Boston Beer from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Citigroup upped their target price on shares of Boston Beer from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Boston Beer from $226.00 to $211.00 and set a “hold” rating for the company in a report on Monday, March 30th. Ten equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $226.30.

Boston Beer Trading Down 0.3%

Shares of NYSE SAM opened at $240.08 on Friday. The stock has a fifty day moving average price of $230.47 and a 200 day moving average price of $215.77. Boston Beer has a 12-month low of $185.34 and a 12-month high of $260.00. The company has a market cap of $2.51 billion, a P/E ratio of 24.65, a P/E/G ratio of 2.64 and a beta of 0.90.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Tuesday, February 24th. The company reported ($2.12) EPS for the quarter, topping 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 company had revenue of $385.68 million for the quarter, compared to analysts’ expectations of $381.75 million. During the same quarter in the previous year, the firm posted ($1.68) earnings per share. The firm’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. On average, sell-side analysts forecast that Boston Beer will post 9.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Boston Beer

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in shares of Boston Beer by 55.4% in the 1st 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 in the last quarter. Empowered Funds LLC grew its position in shares of Boston Beer by 8.8% during the first quarter. Empowered Funds LLC now owns 1,207 shares of the company’s stock worth $288,000 after buying an additional 98 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Boston Beer by 5.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,902 shares of the company’s stock worth $5,231,000 after buying an additional 1,067 shares during the last quarter. Cetera Investment Advisers raised its holdings in Boston Beer by 17.9% in the second quarter. Cetera Investment Advisers now owns 1,653 shares of the company’s stock valued at $315,000 after acquiring an additional 251 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Boston Beer by 2.0% in the second quarter. Legal & General Group Plc now owns 14,628 shares of the company’s stock valued at $2,791,000 after acquiring an additional 281 shares in the last quarter. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

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.