Boston Beer (NYSE:SAM) Shares Up 4.5% – Here’s What Happened

The Boston Beer Company, Inc. (NYSE:SAM)’s share price traded up 4.5% during mid-day trading on Thursday . The company traded as high as $170.41 and last traded at $169.6040. Approximately 88,066 shares traded hands during trading, a decline of 63% from the average session volume of 235,336 shares. The stock had previously closed at $162.33.

Analysts Set New Price Targets

Several brokerages have recently commented on SAM. Zacks Research cut shares of Boston Beer from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. The Goldman Sachs Group reduced their price target on shares of Boston Beer from $192.00 to $169.00 and set a “sell” rating on the stock in a research report on Wednesday, July 8th. Wall Street Zen raised shares of Boston Beer from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Citigroup lowered their price objective on shares of Boston Beer from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Finally, Roth Capital restated a “buy” rating and set a $295.00 target price (down from $315.00) on shares of Boston Beer in a research note on Friday, July 24th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Boston Beer has a consensus rating of “Reduce” and a consensus price target of $206.91.

Boston Beer Stock Up 5.4%

The stock has a market cap of $1.78 billion, a price-to-earnings ratio of -25.19 and a beta of 0.83. The company has a 50 day simple moving average of $179.83 and a 200 day simple moving average of $199.47.

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

Institutional Trading of Boston Beer

A number of hedge funds and other institutional investors have recently modified their holdings of SAM. Tejara Capital Ltd bought a new position in shares of Boston Beer during the fourth quarter worth about $1,346,000. Quantedge Capital Pte Ltd bought a new stake in Boston Beer in the first quarter valued at approximately $2,396,000. Gotham Asset Management LLC boosted its holdings in Boston Beer by 16.7% in the fourth quarter. Gotham Asset Management LLC now owns 248,910 shares of the company’s stock valued at $48,570,000 after acquiring an additional 35,644 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Boston Beer by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 273,612 shares of the company’s stock valued at $63,040,000 after purchasing an additional 15,611 shares during the period. Finally, Royal Bank of Canada raised its holdings in Boston Beer by 136.5% during the 1st quarter. Royal Bank of Canada now owns 19,081 shares of the company’s stock worth $4,395,000 after purchasing an additional 11,012 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.

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.