Boston Beer (NYSE:SAM) Stock Rating Upgraded by Zacks Research

Boston Beer (NYSE:SAM) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boston Beer in a research note on Monday, August 3rd. Wall Street Zen raised shares of Boston Beer from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Jefferies Financial Group lowered their target price on Boston Beer from $230.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Roth Capital reiterated a “buy” rating and issued a $295.00 price target (down from $315.00) on shares of Boston Beer in a research note on Friday, July 24th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $195.00 price target on shares of Boston Beer in a report on Monday, July 27th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $206.91.

Boston Beer Stock Performance

Boston Beer stock opened at $167.01 on Tuesday. The firm has a market capitalization of $1.74 billion, a PE ratio of -24.60 and a beta of 0.83. Boston Beer has a one year low of $158.68 and a one year high of $264.46. The stock’s 50 day moving average price is $178.49 and its 200 day moving average price is $195.49.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its position in Boston Beer by 18.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 439 shares of the company’s stock worth $101,000 after purchasing an additional 67 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Boston Beer by 23.3% during the first quarter. EverSource Wealth Advisors LLC now owns 423 shares of the company’s stock valued at $97,000 after buying an additional 80 shares during the period. State of Michigan Retirement System lifted its stake in Boston Beer by 5.6% in the 1st quarter. State of Michigan Retirement System now owns 1,883 shares of the company’s stock worth $434,000 after acquiring an additional 100 shares in the last quarter. IFP Advisors Inc lifted its stake in Boston Beer by 333.3% in the 2nd quarter. IFP Advisors Inc now owns 156 shares of the company’s stock worth $28,000 after acquiring an additional 120 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in Boston Beer by 56.1% during the 4th quarter. Hantz Financial Services Inc. now owns 437 shares of the company’s stock worth $85,000 after acquiring an additional 157 shares during the period. 81.13% of the stock is owned by institutional investors and hedge funds.

About Boston Beer

Boston Beer Company, Inc is an American beverage company that develops, produces and sells alcoholic beverages. Founded in 1984 by Jim Koch, the company helped popularize craft beer in the United States with Samuel Adams Boston Lager, its flagship brand.

Boston Beer’s portfolio includes Samuel Adams and other craft beer brands, as well as Truly Hard Seltzer, Twisted Tea hard iced tea, Angry Orchard hard cider and beverages associated with Dogfish Head Brewery, which it acquired in 2019.