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

by · The Markets Daily

The Boston Beer Company, Inc. (NYSE:SAM – Get Free Report) 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.

Read Our Latest Analysis on SAM

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 – Get Free Report) 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

(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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