Boston Beer (NYSE:SAM) Given New $190.00 Price Target at Royal Bank Of Canada

Boston Beer (NYSE:SAM) had its price target cut by Royal Bank Of Canada from $210.00 to $190.00 in a report released on Tuesday, Marketbeat reports. They currently have a sector perform rating on the stock.

SAM has been the subject of several other reports. Jefferies Financial Group dropped their price objective on shares of Boston Beer from $230.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Wall Street Zen raised shares of Boston Beer from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Weiss Ratings restated a “sell (d)” rating on shares of Boston Beer in a report on Monday, August 3rd. The Goldman Sachs Group lowered their target price on shares of Boston Beer from $192.00 to $169.00 and set a “sell” rating for the company in a report on Wednesday, July 8th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $195.00 price target on shares of Boston Beer in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Boston Beer presently has an average rating of “Reduce” and an average price target of $205.09.

Boston Beer Price Performance

NYSE:SAM opened at $170.82 on Tuesday. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of -25.16 and a beta of 0.82. Boston Beer has a 1 year low of $158.68 and a 1 year high of $264.46. The business has a 50 day simple moving average of $176.18 and a 200-day simple moving average of $191.35.

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

Institutional Trading of Boston Beer

A number of hedge funds and other institutional investors have recently bought and sold shares of SAM. Dimensional Fund Advisors LP lifted its position in shares of Boston Beer by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 273,612 shares of the company’s stock worth $63,040,000 after purchasing an additional 15,611 shares during the last quarter. Gotham Asset Management LLC grew its holdings in shares of Boston Beer by 16.7% in the fourth quarter. Gotham Asset Management LLC now owns 248,910 shares of the company’s stock worth $48,570,000 after purchasing an additional 35,644 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Boston Beer by 155.2% in the first quarter. Quantinno Capital Management LP now owns 230,587 shares of the company’s stock worth $53,127,000 after purchasing an additional 140,247 shares during the last quarter. Renaissance Technologies LLC increased its stake in Boston Beer by 13.4% in the 1st quarter. Renaissance Technologies LLC now owns 93,779 shares of the company’s stock worth $21,607,000 after buying an additional 11,100 shares during the period. Finally, Calamos Advisors LLC increased its stake in Boston Beer by 2.1% in the 1st quarter. Calamos Advisors LLC now owns 66,749 shares of the company’s stock worth $15,379,000 after buying an additional 1,385 shares during the period. Hedge funds and other institutional investors own 81.13% of the company’s stock.

About Boston Beer

The Boston Beer Company, Inc is a craft brewing and alcoholic beverage company founded in 1984 by Jim Koch and headquartered in Boston, Massachusetts. The company is best known for Samuel Adams Boston Lager, which helped establish its reputation as one of the early leaders of the modern American craft beer movement.

Boston Beer develops, produces and sells a broad portfolio of beverages, including beers, hard seltzers, ciders, flavored malt beverages and ready-to-drink products. Its brands include Samuel Adams, Truly Hard Seltzer, Twisted Tea, Angry Orchard and Dogfish Head.