The Boston Beer Company, Inc. (NYSE:SAM) Receives $258.09 Consensus PT from Analysts

The Boston Beer Company, Inc. (NYSE:SAM) has been assigned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $258.0917.

A number of equities research analysts recently commented on SAM shares. Evercore ISI decreased their target price on Boston Beer from $275.00 to $250.00 and set an “in-line” rating for the company in a report on Friday, July 25th. Wall Street Zen lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Citigroup decreased their price objective on shares of Boston Beer from $285.00 to $230.00 and set a “buy” rating for the company in a research note on Tuesday, July 15th. Sanford C. Bernstein set a $230.00 price objective on shares of Boston Beer and gave the stock a “market perform” rating in a research note on Monday, July 28th. Finally, The Goldman Sachs Group reduced their target price on shares of Boston Beer from $219.00 to $187.00 and set a “sell” rating for the company in a report on Monday, June 23rd.

Insider Activity

In other news, VP Annette N. Fritsch sold 600 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $219.24, for a total value of $131,544.00. Following the sale, the vice president owned 9,715 shares in the company, valued at $2,129,916.60. This represents a 5.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 26.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Boston Beer by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 865,251 shares of the company’s stock valued at $206,657,000 after purchasing an additional 15,563 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Boston Beer by 34.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 239,109 shares of the company’s stock valued at $45,624,000 after buying an additional 60,880 shares during the period. Armistice Capital LLC increased its holdings in Boston Beer by 72.7% in the first quarter. Armistice Capital LLC now owns 210,553 shares of the company’s stock valued at $50,288,000 after buying an additional 88,624 shares in the last quarter. Millennium Management LLC raised its position in shares of Boston Beer by 97.3% in the first quarter. Millennium Management LLC now owns 185,898 shares of the company’s stock worth $44,400,000 after acquiring an additional 91,667 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Boston Beer by 25.4% during the 2nd quarter. AQR Capital Management LLC now owns 146,940 shares of the company’s stock worth $27,663,000 after acquiring an additional 29,731 shares in the last quarter. 81.13% of the stock is owned by institutional investors and hedge funds.

Boston Beer Price Performance

Shares of SAM opened at $216.67 on Wednesday. The company’s fifty day moving average price is $212.34 and its 200-day moving average price is $223.65. Boston Beer has a 1-year low of $185.34 and a 1-year high of $329.55. The firm has a market capitalization of $2.42 billion, a PE ratio of 30.56, a price-to-earnings-growth ratio of 1.85 and a beta of 0.82.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 24th. The company reported $5.45 EPS for the quarter, topping analysts’ consensus estimates of $4.37 by $1.08. The company had revenue of $587.95 million during the quarter, compared to analysts’ expectations of $599.18 million. Boston Beer had a return on equity of 15.15% and a net margin of 3.65%.The firm’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.39 EPS. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. As a group, research analysts anticipate that Boston Beer will post 9.29 EPS for the current fiscal year.

Boston Beer Company Profile

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.