The Boston Beer Company, Inc. (NYSE:SAM) Receives $233.31 Average PT from Brokerages

The Boston Beer Company, Inc. (NYSE:SAM) has been given a consensus recommendation of “Reduce” by the thirteen research firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $233.31.

Several equities research analysts recently commented on the stock. Citigroup boosted their price target on shares of Boston Beer from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Piper Sandler cut their target price on shares of Boston Beer from $230.00 to $220.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Weiss Ratings downgraded shares of Boston Beer from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 25th. Zacks Research cut Boston Beer from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Finally, UBS Group reduced their target price on Boston Beer from $234.00 to $230.00 and set a “neutral” rating for the company in a report on Monday, February 23rd.

Hedge Funds Weigh In On Boston Beer

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Corient Private Wealth LLC grew its stake in Boston Beer by 40.5% during the 4th quarter. Corient Private Wealth LLC now owns 2,936 shares of the company’s stock valued at $573,000 after acquiring an additional 847 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Boston Beer during the 4th quarter worth $390,000. Invesco Ltd. grew its holdings in shares of Boston Beer by 1.9% in the fourth quarter. Invesco Ltd. now owns 117,112 shares of the company’s stock valued at $22,852,000 after purchasing an additional 2,223 shares during the period. Vident Advisory LLC increased its position in Boston Beer by 5.2% during the fourth quarter. Vident Advisory LLC now owns 3,076 shares of the company’s stock worth $600,000 after purchasing an additional 153 shares during the last quarter. Finally, State of Tennessee Department of Treasury raised its stake in Boston Beer by 399.8% during the fourth quarter. State of Tennessee Department of Treasury now owns 3,094 shares of the company’s stock worth $661,000 after purchasing an additional 2,475 shares during the period. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Boston Beer Trading Up 1.3%

Boston Beer stock opened at $233.81 on Wednesday. The firm has a market cap of $2.44 billion, a PE ratio of 24.00, a P/E/G ratio of 2.52 and a beta of 1.00. The stock’s 50 day simple moving average is $222.72 and its two-hundred day simple moving average is $214.44. Boston Beer has a 12 month low of $185.34 and a 12 month high of $260.00.

Boston Beer (NYSE:SAM) last posted its earnings results on Tuesday, February 24th. The company reported ($2.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.33) by $0.21. The business had revenue of $385.68 million for the quarter, compared to analyst estimates of $381.75 million. Boston Beer had a net margin of 5.20% and a return on equity of 12.16%. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the company posted ($1.68) EPS. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. On average, equities research analysts forecast that Boston Beer will post 9.29 EPS for the current year.

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.