Boston Beer (NYSE:SAM) Upgraded to Hold at Wall Street Zen

Boston Beer (NYSE:SAM) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley reduced their price target on shares of Boston Beer from $235.00 to $220.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Jefferies Financial Group set a $230.00 price target on shares of Boston Beer in a research report on Friday, May 1st. Sanford C. Bernstein cut their target price on shares of Boston Beer from $218.00 to $210.00 and set a “market perform” rating for the company in a research report on Tuesday, May 5th. Royal Bank Of Canada cut their target price on shares of Boston Beer from $245.00 to $242.00 and set a “sector perform” rating for the company in a research report on Friday, May 1st. Finally, Weiss Ratings downgraded shares of Boston Beer from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Ten research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $235.64.

Boston Beer Stock Performance

Shares of NYSE:SAM opened at $168.63 on Tuesday. The company has a market cap of $1.76 billion, a PE ratio of -26.77, a price-to-earnings-growth ratio of 2.28 and a beta of 0.79. Boston Beer has a 52 week low of $167.01 and a 52 week high of $264.46. The firm has a 50 day simple moving average of $217.58 and a 200 day simple moving average of $214.94.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.32). The firm had revenue of $433.93 million during the quarter, compared to analysts’ expectations of $436.06 million. Boston Beer had a negative net margin of 2.96% and a positive return on equity of 12.08%. The firm’s revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.16 EPS. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. On average, equities analysts predict that Boston Beer will post 9.77 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SAM. Goldman Sachs Group Inc. raised its holdings in shares of Boston Beer by 55.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 62,051 shares of the company’s stock valued at $14,820,000 after purchasing an additional 22,129 shares in the last quarter. Empowered Funds LLC raised its holdings in Boston Beer by 8.8% in the 1st quarter. Empowered Funds LLC now owns 1,207 shares of the company’s stock worth $288,000 after acquiring an additional 98 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Boston Beer by 5.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,902 shares of the company’s stock worth $5,231,000 after acquiring an additional 1,067 shares during the period. Cetera Investment Advisers raised its holdings in Boston Beer by 17.9% in the 2nd quarter. Cetera Investment Advisers now owns 1,653 shares of the company’s stock worth $315,000 after acquiring an additional 251 shares during the period. Finally, First Trust Advisors LP raised its holdings in Boston Beer by 41.5% in the 2nd quarter. First Trust Advisors LP now owns 15,657 shares of the company’s stock worth $2,988,000 after acquiring an additional 4,591 shares during the period. 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.