Boston Beer (NYSE:SAM) Price Target Lowered to $250.00 at Citigroup

Boston Beer (NYSE:SAM) had its price target decreased by Citigroup from $270.00 to $250.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 18.15% from the stock’s previous close.

A number of other research firms also recently commented on SAM. Roth Mkm set a $315.00 price objective on Boston Beer in a report on Friday. Zacks Research upgraded shares of Boston Beer from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 23rd. Morgan Stanley reduced their price objective on shares of Boston Beer from $245.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. Evercore set a $240.00 price objective on shares of Boston Beer in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $233.00 price objective on shares of Boston Beer in a research note on Friday. Ten equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $238.82.

Boston Beer Stock Down 1.3%

Shares of SAM traded down $2.70 during trading hours on Monday, reaching $211.60. The company’s stock had a trading volume of 117,808 shares, compared to its average volume of 187,557. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of -33.59, a P/E/G ratio of 2.07 and a beta of 0.88. Boston Beer has a 1-year low of $185.34 and a 1-year high of $264.46. The company has a 50 day moving average of $235.05 and a two-hundred day moving average of $218.98.

Boston Beer (NYSE:SAM) last issued its earnings results on Thursday, April 30th. The company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.32). Boston Beer had a negative net margin of 2.96% and a positive return on equity of 12.08%. The business had revenue of $433.93 million during the quarter, compared to analyst estimates of $436.06 million. During the same quarter in the prior year, the company earned $2.16 EPS. Boston Beer’s revenue for the quarter was down 4.4% on a year-over-year basis. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, analysts forecast that Boston Beer will post 9.95 EPS for the current fiscal year.

Hedge Funds Weigh In On Boston Beer

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Savant Capital LLC acquired a new position in Boston Beer during the third quarter valued at approximately $2,030,000. Savoir Faire Capital Management L.P. grew its holdings in Boston Beer by 28.4% during the third quarter. Savoir Faire Capital Management L.P. now owns 38,825 shares of the company’s stock valued at $8,208,000 after purchasing an additional 8,585 shares during the last quarter. American Century Companies Inc. grew its holdings in Boston Beer by 35.7% during the third quarter. American Century Companies Inc. now owns 123,034 shares of the company’s stock valued at $26,012,000 after purchasing an additional 32,382 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Boston Beer during the fourth quarter valued at approximately $893,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Boston Beer by 445.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,036 shares of the company’s stock worth $2,444,000 after acquiring an additional 9,014 shares during the last quarter. 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.