The Boston Beer Company, Inc. (NYSE:SAM) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have been given a consensus recommendation of “Reduce” by the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and ten have assigned a hold recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $233.31.

Several analysts have commented on SAM shares. Morgan Stanley lowered their target price on shares of Boston Beer from $245.00 to $235.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. Citigroup upped their target price on Boston Beer from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Piper Sandler decreased their price target on Boston Beer from $230.00 to $220.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Weiss Ratings cut Boston Beer from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, February 25th. Finally, UBS Group cut their price objective on shares of Boston Beer from $234.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd.

Boston Beer Trading Up 1.3%

Boston Beer stock opened at $226.06 on Wednesday. The stock has a market cap of $2.41 billion, a PE ratio of 23.21, a P/E/G ratio of 2.43 and a beta of 1.00. The stock has a 50-day moving average price of $219.19 and a 200 day moving average price of $214.01. Boston Beer has a 52 week low of $185.34 and a 52 week high of $260.00.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Tuesday, February 24th. The company reported ($2.12) EPS for the quarter, topping analysts’ consensus estimates of ($2.33) by $0.21. The business had revenue of $385.68 million during the quarter, compared to the consensus estimate of $381.75 million. Boston Beer had a net margin of 5.20% and a return on equity of 12.16%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.68) earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. On average, equities analysts predict that Boston Beer will post 9.29 EPS for the current year.

Hedge Funds Weigh In On Boston Beer

A number of hedge funds have recently made changes to their positions in the stock. Quent Capital LLC purchased a new position in shares of Boston Beer in the 3rd quarter worth $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Boston Beer by 137.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 159 shares of the company’s stock worth $34,000 after purchasing an additional 92 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of Boston Beer in the 4th quarter valued at about $35,000. GAMMA Investing LLC grew its holdings in shares of Boston Beer by 81.7% during the 3rd quarter. GAMMA Investing LLC now owns 189 shares of the company’s stock worth $40,000 after purchasing an additional 85 shares during the period. Finally, TD Waterhouse Canada Inc. increased its position in Boston Beer by 606.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 233 shares of the company’s stock worth $46,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

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.