The Boston Beer Company, Inc. (NYSE:SAM) Stock Has Average Target Price of $205.09

The Boston Beer Company, Inc. (NYSE:SAM) has been given an average recommendation of “Reduce” by the twelve research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $205.09.

A number of equities analysts recently commented on the stock. Jefferies Financial Group dropped their price target 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. Deutsche Bank Aktiengesellschaft set a $176.00 price objective on shares of Boston Beer in a research report on Friday, July 24th. Sanford C. Bernstein reissued a “market perform” rating and issued a $195.00 price objective on shares of Boston Beer in a research note on Monday, July 27th. The Goldman Sachs Group dropped their target price on Boston Beer from $192.00 to $169.00 and set a “sell” rating for the company in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada dropped their target price on Boston Beer from $210.00 to $190.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 6th.

Boston Beer Stock Up 0.5%

Shares of SAM opened at $181.79 on Thursday. The company has a market cap of $1.89 billion, a PE ratio of -26.77 and a beta of 0.82. The business has a fifty day moving average of $174.61 and a 200 day moving average of $188.10. Boston Beer has a 52-week low of $158.68 and a 52-week high of $264.46.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $3.65 EPS for the quarter, missing the consensus estimate of $4.83 by ($1.18). Boston Beer had a positive return on equity of 9.99% and a negative net margin of 3.42%. The firm had revenue of $568.34 million for the quarter, compared to analysts’ expectations of $566.68 million. During the same period in the previous year, the firm earned $5.45 earnings per share. The firm’s quarterly 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. As a group, research analysts anticipate that Boston Beer will post 8.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boston Beer

A number of institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc grew its position in Boston Beer by 333.3% in the 2nd quarter. IFP Advisors Inc now owns 156 shares of the company’s stock valued at $28,000 after acquiring an additional 120 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in Boston Beer in the first quarter worth $37,000. Plato Investment Management Ltd purchased a new stake in Boston Beer in the second quarter worth $35,000. Public Employees Retirement System of Ohio bought a new stake in shares of Boston Beer during the second quarter worth $47,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Boston Beer by 23.3% during the first quarter. EverSource Wealth Advisors LLC now owns 423 shares of the company’s stock worth $97,000 after purchasing an additional 80 shares during the last quarter. 81.13% of the stock is owned by institutional investors.

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.