Brokerages Set The Boston Beer Company, Inc. (NYSE:SAM) PT at $206.91

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have earned an average recommendation of “Reduce” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $206.9091.

A number of research firms have issued reports on SAM. Wall Street Zen upgraded shares of Boston Beer from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Royal Bank Of Canada lowered their price target on shares of Boston Beer from $234.00 to $210.00 and set a “sector perform” rating for the company in a research report on Friday, July 24th. Zacks Research downgraded shares of Boston Beer from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. Citigroup dropped their price target on shares of Boston Beer from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Finally, Morgan Stanley set a $190.00 price objective on shares of Boston Beer and gave the company an “equal weight” rating in a report on Friday, July 24th.

Boston Beer Trading Down 1.6%

SAM stock opened at $174.89 on Wednesday. Boston Beer has a 1-year low of $158.68 and a 1-year high of $264.46. The business’s 50 day moving average is $181.49 and its 200-day moving average is $202.49. The firm has a market cap of $1.82 billion, a P/E ratio of -25.76 and a beta of 0.83.

Boston Beer (NYSE:SAM) last announced its earnings results on Thursday, July 23rd. The company reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.83 by ($1.18). The firm had revenue of $568.34 million for the quarter, compared to analyst estimates of $566.68 million. Boston Beer had a positive return on equity of 9.99% and a negative net margin of 3.42%.The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $5.45 EPS. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. Sell-side analysts forecast that Boston Beer will post 8.99 EPS for the current year.

Hedge Funds Weigh In On Boston Beer

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in 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 acquiring an additional 22,129 shares in the last quarter. Empowered Funds LLC increased its holdings in Boston Beer by 8.8% during the 1st quarter. Empowered Funds LLC now owns 1,207 shares of the company’s stock worth $288,000 after purchasing an additional 98 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Boston Beer by 5.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,902 shares of the company’s stock valued at $5,231,000 after purchasing an additional 1,067 shares during the period. Cetera Investment Advisers raised its stake in shares of Boston Beer by 17.9% in the 2nd quarter. Cetera Investment Advisers now owns 1,653 shares of the company’s stock valued at $315,000 after purchasing an additional 251 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Boston Beer by 41.5% in the second quarter. First Trust Advisors LP now owns 15,657 shares of the company’s stock valued at $2,988,000 after purchasing an additional 4,591 shares in the last quarter. 81.13% of the stock is owned by institutional investors.

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.