Boston Beer (NYSE:SAM) Shares Gap Down – Here’s What Happened

by · The Markets Daily

The Boston Beer Company, Inc. (NYSE:SAM – Get Free Report)’s share price gapped down before the market opened on Friday . The stock had previously closed at $190.82, but opened at $182.25. Boston Beer shares last traded at $183.00, with a volume of 19,182 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SAM. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Boston Beer in a research note on Monday, August 3rd. Evercore set a $240.00 price objective on Boston Beer in a research note on Friday, May 1st. Royal Bank Of Canada decreased their price objective on Boston Beer from $234.00 to $210.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Zacks Research cut shares of Boston Beer from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $195.00 target price on shares of Boston Beer in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $206.91.

Get Our Latest Stock Report on Boston Beer

Boston Beer Stock Performance

The stock’s 50 day simple moving average is $180.62 and its two-hundred day simple moving average is $205.54. The firm has a market capitalization of $1.93 billion, a PE ratio of -27.32 and a beta of 0.80.

Boston Beer (NYSE:SAM – Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $566.68 million. Boston Beer had a positive return on equity of 9.99% and a negative net margin of 3.42%.The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the firm posted $5.45 EPS. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. Equities research analysts expect that The Boston Beer Company, Inc. will post 8.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SAM. Vanguard Group Inc. raised its stake in Boston Beer by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 1,039,184 shares of the company’s stock worth $202,776,000 after purchasing an additional 89,053 shares during the period. AQR Capital Management LLC grew its stake in shares of Boston Beer by 340.4% in the 3rd 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 period. Dimensional Fund Advisors LP increased its holdings in shares of Boston Beer by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 273,612 shares of the company’s stock worth $63,040,000 after buying an additional 15,611 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Boston Beer by 5.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 271,516 shares of the company’s stock worth $52,981,000 after buying an additional 13,113 shares during the last quarter. Finally, Gotham Asset Management LLC raised its position in shares of Boston Beer by 16.7% during the 4th quarter. Gotham Asset Management LLC now owns 248,910 shares of the company’s stock valued at $48,570,000 after buying an additional 35,644 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.

About Boston Beer

(Get Free Report)

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.

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