The Boston Beer Company, Inc. (NYSE:SAM) Receives Average Recommendation of “Reduce” from Brokerages

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have been given a consensus recommendation of “Reduce” by the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $235.6364.

A number of research firms recently weighed in on SAM. Wall Street Zen raised shares of Boston Beer from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings lowered shares of Boston Beer from a “sell (d+)” rating to a “sell (d)” rating 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $233.00 price target on shares of Boston Beer in a research report on Friday, May 1st. Finally, Zacks Research raised shares of Boston Beer from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 23rd.

Boston Beer Price Performance

Shares of NYSE SAM opened at $180.14 on Friday. The stock has a market capitalization of $1.88 billion, a P/E ratio of -28.59, a P/E/G ratio of 2.28 and a beta of 0.79. The company has a 50-day moving average price of $208.44 and a 200-day moving average price of $213.41. Boston Beer has a 1 year low of $158.68 and a 1 year high of $264.46.

Boston Beer (NYSE:SAM) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.32). Boston Beer had a negative net margin of 2.96% and a positive return on equity of 12.08%. The firm had revenue of $433.93 million for the quarter, compared to the consensus estimate of $436.06 million. During the same period in the previous year, the business earned $2.16 earnings per share. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, equities research analysts anticipate that Boston Beer will post 9.77 earnings per share for the current fiscal year.

Institutional Trading of Boston Beer

A number of large investors have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC bought a new stake in Boston Beer in the fourth quarter worth about $35,000. Ascentis Independent Advisors purchased a new stake in shares of Boston Beer during the 1st quarter worth approximately $37,000. Covestor Ltd raised its holdings in shares of Boston Beer by 180.9% in the 4th quarter. Covestor Ltd now owns 250 shares of the company’s stock worth $49,000 after purchasing an additional 161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Boston Beer by 154.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock worth $49,000 after purchasing an additional 141 shares during the period. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Boston Beer by 4,780.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 244 shares of the company’s stock worth $52,000 after purchasing an additional 239 shares during the period. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Company Profile

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.