Boston Beer (NYSE:SAM) Price Target Lowered to $195.00 at Citigroup

Boston Beer (NYSE:SAM) had its target price lowered by Citigroup from $240.00 to $195.00 in a report published on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. Sanford C. Bernstein decreased their price target on Boston Beer from $218.00 to $210.00 and set a “market perform” rating on the stock in a research note on Tuesday, May 5th. Morgan Stanley cut their price objective on 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. Weiss Ratings downgraded Boston Beer from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. The Goldman Sachs Group decreased their target price on shares of Boston Beer from $192.00 to $169.00 and set a “sell” rating on the stock in a research report on Wednesday, July 8th. Finally, Jefferies Financial Group set a $230.00 price target on shares of Boston Beer in a research note on Friday, May 1st. Ten investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $229.00.

Boston Beer Stock Performance

SAM stock opened at $168.94 on Tuesday. Boston Beer has a one year low of $158.68 and a one year high of $264.46. The stock has a market capitalization of $1.76 billion, a PE ratio of -26.82, a price-to-earnings-growth ratio of 2.22 and a beta of 0.78. The company has a fifty day moving average of $179.51 and a 200-day moving average of $210.51.

Boston Beer (NYSE:SAM) last issued 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 firm had revenue of $433.93 million for the quarter, compared to analyst estimates of $436.06 million. Boston Beer had a positive return on equity of 12.08% and a negative net margin of 2.96%.The company’s revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.16 earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. Equities analysts forecast that Boston Beer will post 9.77 earnings per share for the current fiscal year.

Institutional Trading of Boston Beer

A number of institutional investors have recently bought and sold shares of SAM. Flagship Harbor Advisors LLC acquired a new stake in shares of Boston Beer in the fourth quarter valued at approximately $35,000. Ascentis Independent Advisors acquired a new position in shares of Boston Beer during the 1st quarter worth approximately $37,000. Covestor Ltd lifted its stake in Boston Beer by 180.9% in the 4th quarter. Covestor Ltd now owns 250 shares of the company’s stock valued at $49,000 after buying an additional 161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Boston Beer by 154.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock valued at $49,000 after buying an additional 141 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in Boston Beer by 4,780.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 244 shares of the company’s stock valued at $52,000 after buying an additional 239 shares during the last quarter. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

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.