Boston Beer (NYSE:SAM) Rating Lowered to “Sell” at Wall Street Zen

Boston Beer (NYSE:SAM) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Monday.

SAM has been the topic of several other reports. Jefferies Financial Group set a $230.00 price target on shares of Boston Beer in a report on Friday, May 1st. Morgan Stanley lowered their price objective on shares of Boston Beer from $235.00 to $220.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. Evercore set a $240.00 price objective on shares of Boston Beer in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $233.00 target price on shares of Boston Beer in a research report on Friday, May 1st. Finally, Zacks Research upgraded Boston Beer from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 23rd. Ten research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Boston Beer has an average rating of “Reduce” and an average price target of $235.64.

Boston Beer Trading Up 0.2%

NYSE SAM opened at $190.39 on Monday. The firm’s fifty day simple moving average is $223.56 and its two-hundred day simple moving average is $215.91. Boston Beer has a 12-month low of $169.98 and a 12-month high of $264.46. The firm has a market capitalization of $1.98 billion, a P/E ratio of -30.22, a P/E/G ratio of 2.45 and a beta of 0.88.

Boston Beer (NYSE:SAM) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.32). Boston Beer had a positive return on equity of 12.08% and a negative net margin of 2.96%.The firm had revenue of $433.93 million during the quarter, compared to analysts’ expectations of $436.06 million. During the same period in the prior year, the firm posted $2.16 earnings per share. Boston Beer’s revenue for the quarter 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, sell-side analysts predict that Boston Beer will post 9.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boston Beer

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Boston Beer by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 1,039,184 shares of the company’s stock worth $202,776,000 after acquiring an additional 89,053 shares during the last quarter. AQR Capital Management LLC raised its stake in Boston Beer by 340.4% in the 3rd quarter. AQR Capital Management LLC now owns 647,060 shares of the company’s stock worth $136,801,000 after acquiring an additional 500,120 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Boston Beer by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 273,612 shares of the company’s stock worth $63,040,000 after acquiring an additional 15,611 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Boston Beer by 5.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 271,516 shares of the company’s stock valued at $52,981,000 after purchasing an additional 13,113 shares during the period. Finally, Gotham Asset Management LLC lifted its position in Boston Beer by 16.7% during the fourth quarter. Gotham Asset Management LLC now owns 248,910 shares of the company’s stock valued at $48,570,000 after purchasing an additional 35,644 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 (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.