Brokerages Set The Boston Beer Company, Inc. (NYSE:SAM) Price Target at $235.64

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have been assigned an average recommendation of “Reduce” from the twelve analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and ten have given a hold recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $235.6364.

SAM has been the subject of several research analyst reports. Roth Mkm set a $315.00 price objective on shares of Boston Beer in a research note on Friday, May 1st. Zacks Research upgraded shares of Boston Beer from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 23rd. Citigroup dropped their price objective on shares of Boston Beer from $270.00 to $250.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $233.00 price objective on shares of Boston Beer in a research note on Friday, May 1st. Finally, Wall Street Zen cut shares of Boston Beer from a “hold” rating to a “sell” rating in a research note on Monday.

Hedge Funds Weigh In On Boston Beer

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Savoir Faire Capital Management L.P. boosted its stake in shares of Boston Beer by 28.4% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 38,825 shares of the company’s stock valued at $8,208,000 after purchasing an additional 8,585 shares during the last quarter. Savant Capital LLC bought a new stake in shares of Boston Beer in the 3rd quarter valued at $2,030,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Boston Beer in the 4th quarter valued at $893,000. Vanguard Group Inc. boosted its stake in shares of Boston Beer by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 1,039,184 shares of the company’s stock valued at $202,776,000 after purchasing an additional 89,053 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Boston Beer by 35.7% in the 3rd quarter. American Century Companies Inc. now owns 123,034 shares of the company’s stock valued at $26,012,000 after purchasing an additional 32,382 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Boston Beer Price Performance

Boston Beer stock opened at $190.39 on Monday. The firm has a market capitalization of $1.98 billion, a PE ratio of -30.22, a P/E/G ratio of 2.45 and a beta of 0.88. The company’s 50-day moving average is $223.56 and its 200-day moving average is $215.91. Boston Beer has a fifty-two week low of $169.98 and a fifty-two week high of $264.46.

Boston Beer (NYSE:SAM) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.64 earnings per share for the quarter, missing the consensus estimate 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 firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.16 earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, analysts expect that Boston Beer will post 9.77 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.