Boston Beer (NYSE:SAM) Stock Price Up 5% – Here’s What Happened

The Boston Beer Company, Inc. (NYSE:SAM) shares rose 5% during mid-day trading on Tuesday . The company traded as high as $186.25 and last traded at $188.82. Approximately 5,511 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 230,744 shares. The stock had previously closed at $179.82.

Analysts Set New Price Targets

SAM has been the topic of a number of research analyst reports. UBS Group cut their price objective on shares of Boston Beer from $250.00 to $245.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Jefferies Financial Group set a $230.00 target price on shares of Boston Beer in a report on Friday, May 1st. Royal Bank Of Canada dropped their target price on shares of Boston Beer from $245.00 to $242.00 and set a “sector perform” rating on the stock in a research report on Friday, May 1st. Weiss Ratings cut shares of Boston Beer from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Finally, Zacks Research upgraded shares of Boston Beer from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $240.50.

Boston Beer Price Performance

The company has a market cap of $1.93 billion, a PE ratio of -29.48, a PEG ratio of 2.36 and a beta of 0.78. The stock has a 50 day simple moving average of $186.30 and a two-hundred day simple moving average of $211.43.

Boston Beer (NYSE:SAM) last announced its earnings results on Thursday, April 30th. The company reported $1.64 EPS 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 period in the previous year, the firm earned $2.16 earnings per share. The business’s revenue was down 4.4% compared to the same quarter last year. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, equities analysts anticipate that The Boston Beer Company, Inc. will post 9.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Boston Beer

A number of institutional investors and hedge funds have recently made changes to their positions in SAM. Parallel Advisors LLC grew its holdings in shares of Boston Beer by 67.3% during the first quarter. Parallel Advisors LLC now owns 843 shares of the company’s stock worth $194,000 after buying an additional 339 shares during the last quarter. Glenmede Trust Co. NA raised its stake in Boston Beer by 25.9% during the 1st quarter. Glenmede Trust Co. NA now owns 3,456 shares of the company’s stock valued at $796,000 after acquiring an additional 712 shares during the last quarter. Bull Harbor Capital LLC purchased a new stake in Boston Beer during the 1st quarter valued at approximately $303,000. EverSource Wealth Advisors LLC lifted its position in Boston Beer by 23.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 423 shares of the company’s stock worth $97,000 after acquiring an additional 80 shares during the period. Finally, California State Teachers Retirement System grew its stake in shares of Boston Beer by 26.6% in the 1st quarter. California State Teachers Retirement System now owns 9,973 shares of the company’s stock valued at $2,298,000 after purchasing an additional 2,097 shares during the last quarter. 81.13% of the stock is 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.