The Boston Beer Company, Inc. (NYSE:SAM) Receives $240.50 Consensus Price Target from Brokerages

The Boston Beer Company, Inc. (NYSE:SAM) has earned a consensus recommendation of “Reduce” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $234.00.

Several equities analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Boston Beer from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Sanford C. Bernstein reduced their target price on Boston Beer from $218.00 to $210.00 and set a “market perform” rating for the company in a research note on Tuesday, May 5th. Roth Capital set a $315.00 price target on Boston Beer in a research note on Friday, May 1st. Zacks Research upgraded Boston Beer from a “strong sell” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, Morgan Stanley reduced their price objective on 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.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System lifted its holdings in shares of Boston Beer by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 8,414 shares of the company’s stock worth $1,605,000 after acquiring an additional 57 shares during the last quarter. Great Valley Advisor Group Inc. raised its position in Boston Beer by 5.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,192 shares of the company’s stock worth $227,000 after purchasing an additional 60 shares during the period. PNC Financial Services Group Inc. raised its position in Boston Beer by 18.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 439 shares of the company’s stock worth $101,000 after purchasing an additional 67 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Boston Beer by 23.3% in 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. Finally, US Bancorp DE boosted its position in Boston Beer by 28.2% during the third quarter. US Bancorp DE now owns 386 shares of the company’s stock valued at $82,000 after buying an additional 85 shares during the period. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Boston Beer Trading Up 1.1%

NYSE SAM traded up $1.89 during trading hours on Tuesday, hitting $176.75. 214,686 shares of the company’s stock were exchanged, compared to its average volume of 301,559. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -28.06, a PEG ratio of 2.28 and a beta of 0.78. The stock has a 50-day simple moving average of $181.54 and a 200 day simple moving average of $210.76. Boston Beer has a 1-year low of $158.68 and a 1-year high of $264.46.

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

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.