Boston Beer (NYSE:SAM) Reaches New 52-Week High – Here’s Why

The Boston Beer Company, Inc. (NYSE:SAM) reached a new 52-week high during trading on Thursday . The stock traded as high as $260.29 and last traded at $259.96, with a volume of 77271 shares traded. The stock had previously closed at $250.59.

Analysts Set New Price Targets

Several research analysts have recently commented on SAM shares. Weiss Ratings downgraded Boston Beer from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft decreased their target price on Boston Beer from $226.00 to $211.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Morgan Stanley reduced their price objective on Boston Beer from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. Zacks Research downgraded Boston Beer from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Finally, Wall Street Zen cut Boston Beer from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Ten analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boston Beer has a consensus rating of “Reduce” and a consensus target price of $228.30.

Boston Beer Stock Performance

The stock has a fifty day moving average of $232.43 and a 200-day moving average of $216.27. The company has a market cap of $2.70 billion, a PE ratio of 26.54, a PEG ratio of 2.64 and a beta of 0.90.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Tuesday, February 24th. The company reported ($2.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.33) by $0.21. Boston Beer had a return on equity of 12.16% and a net margin of 5.20%.The company had revenue of $385.68 million during the quarter, compared to analysts’ expectations of $381.75 million. During the same quarter in the previous year, the business earned ($1.68) EPS. Boston Beer’s revenue was down 4.1% compared to the same quarter last year. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. As a group, equities analysts anticipate that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Boston Beer

A number of large investors have recently bought and sold shares of the business. Hsbc Holdings PLC purchased a new stake in shares of Boston Beer in the 4th quarter worth $593,000. Corient Private Wealth LLC lifted its holdings in shares of Boston Beer by 40.5% in the 4th quarter. Corient Private Wealth LLC now owns 2,936 shares of the company’s stock worth $573,000 after buying an additional 847 shares during the period. Virtu Financial LLC purchased a new stake in shares of Boston Beer in the 4th quarter worth $390,000. Invesco Ltd. lifted its holdings in shares of Boston Beer by 1.9% in the 4th quarter. Invesco Ltd. now owns 117,112 shares of the company’s stock worth $22,852,000 after buying an additional 2,223 shares during the period. Finally, Vident Advisory LLC lifted its holdings in shares of Boston Beer by 5.2% in the 4th quarter. Vident Advisory LLC now owns 3,076 shares of the company’s stock worth $600,000 after buying an additional 153 shares during the period. Hedge funds and other 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.