Citigroup Issues Pessimistic Forecast for Boston Beer (NYSE:SAM) Stock Price

Boston Beer (NYSE:SAM) had its target price reduced by equities researchers at Citigroup from $240.00 to $195.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 15.47% from the stock’s current price.

A number of other brokerages have also issued reports on SAM. UBS Group dropped their price objective on shares of Boston Beer from $250.00 to $245.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Sanford C. Bernstein reduced their target price on shares of 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. Weiss Ratings lowered shares of Boston Beer from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Wall Street Zen cut shares of Boston Beer from a “hold” rating to a “sell” rating in a research note on Sunday. Finally, Morgan Stanley cut their price target on shares of Boston Beer from $235.00 to $220.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Ten investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $229.00.

Boston Beer Trading Down 2.0%

NYSE SAM traded down $3.52 on Tuesday, reaching $168.87. 50,871 shares of the company were exchanged, compared to its average volume of 232,256. The business’s fifty day moving average price is $180.26 and its 200 day moving average price is $210.70. The stock has a market capitalization of $1.76 billion, a P/E ratio of -26.77, a price-to-earnings-growth ratio of 2.28 and a beta of 0.78. Boston Beer has a fifty-two week low of $158.68 and a fifty-two week high of $264.46.

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

Institutional Trading of Boston Beer

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its position in Boston Beer by 340.4% in the third quarter. AQR Capital Management LLC now owns 647,060 shares of the company’s stock valued at $136,801,000 after buying an additional 500,120 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Boston Beer by 155.2% in the 1st quarter. Quantinno Capital Management LP now owns 230,587 shares of the company’s stock valued at $53,127,000 after acquiring an additional 140,247 shares during the period. Woodson Capital Management LP purchased a new stake in shares of Boston Beer in the 4th quarter valued at approximately $19,513,000. Vanguard Group Inc. lifted its holdings 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 worth $202,776,000 after acquiring an additional 89,053 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Boston Beer by 278.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 112,507 shares of the company’s stock worth $21,467,000 after acquiring an additional 82,742 shares during the last quarter. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

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.