The Boston Beer Company, Inc. (NYSE:SAM) Receives $206.91 Consensus PT from Brokerages

The Boston Beer Company, Inc. (NYSE:SAM) has been assigned an average recommendation of “Reduce” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $206.9091.

SAM has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price objective on shares of Boston Beer from $230.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $195.00 price objective on shares of Boston Beer in a research report on Monday, July 27th. Evercore set a $240.00 target price on shares of Boston Beer in a research report on Friday, May 1st. Roth Capital reaffirmed a “buy” rating and issued a $295.00 price target (down from $315.00) on shares of Boston Beer in a research note on Friday, July 24th. Finally, Zacks Research cut shares of Boston Beer from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th.

Institutional Trading of Boston Beer

Several hedge funds have recently modified their holdings of SAM. Flagship Harbor Advisors LLC bought a new position in Boston Beer in the 4th quarter valued at $35,000. Ascentis Independent Advisors acquired a new position in Boston Beer during the first quarter valued at approximately $37,000. Covestor Ltd increased its position in shares of 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. increased its holdings in shares of Boston Beer by 154.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock worth $49,000 after acquiring an additional 141 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake 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 worth $52,000 after purchasing an additional 239 shares in the last quarter. 81.13% of the stock is owned by institutional investors.

Boston Beer Stock Performance

Shares of SAM opened at $186.27 on Friday. Boston Beer has a twelve month low of $158.68 and a twelve month high of $264.46. The firm’s 50 day moving average price is $177.71 and its 200 day moving average price is $208.41. The firm has a market cap of $1.94 billion, a PE ratio of -27.43 and a beta of 0.80.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.83 by ($1.18). The business had revenue of $568.34 million during the quarter, compared to the consensus estimate of $566.68 million. Boston Beer had a positive return on equity of 9.99% and a negative net margin of 3.42%.The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.45 earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. On average, sell-side analysts anticipate that Boston Beer will post 8.99 earnings per share for the current fiscal 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.