Royal Bank of Canada Raises Stock Position in The Boston Beer Company, Inc. $SAM

Royal Bank of Canada lifted its position in The Boston Beer Company, Inc. (NYSE:SAM – Free Report) by 136.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 19,081 shares of the company’s stock after purchasing an additional 11,012 shares during the period. Royal Bank of Canada’s holdings in Boston Beer were worth $4,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Ascentis Independent Advisors purchased a new stake in Boston Beer during the first quarter valued at $37,000. Flagship Harbor Advisors LLC bought a new stake in shares of Boston Beer during the 4th quarter valued at about $35,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Boston Beer by 154.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock valued at $49,000 after purchasing an additional 141 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of Boston Beer by 4,780.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 244 shares of the company’s stock valued at $52,000 after purchasing an additional 239 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of Boston Beer by 180.9% during the 4th quarter. Covestor Ltd now owns 250 shares of the company’s stock valued at $49,000 after purchasing an additional 161 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SAM shares. UBS Group dropped their price objective on shares of Boston Beer from $245.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, July 16th. Sanford C. Bernstein reiterated a “market perform” rating and set a $195.00 price target on shares of Boston Beer in a research note on Monday, July 27th. The Goldman Sachs Group cut their price objective on shares of Boston Beer from $192.00 to $169.00 and set a “sell” rating for the company in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $176.00 price objective on Boston Beer in a research note on Friday, July 24th. Finally, Royal Bank Of Canada lowered their target price on Boston Beer from $234.00 to $210.00 and set a “sector perform” rating on the stock in a research report on Friday, July 24th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $206.91.

Read Our Latest Stock Report on SAM

Boston Beer Trading Up 0.7%

NYSE:SAM opened at $185.03 on Friday. The Boston Beer Company, Inc. has a 12-month low of $158.68 and a 12-month high of $264.46. The stock has a 50-day moving average price of $179.46 and a 200 day moving average price of $206.59. The stock has a market capitalization of $1.93 billion, a P/E ratio of -27.25 and a beta of 0.80.

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

About Boston Beer

(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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