Boston Beer (NYSE:SAM) Sets New 12-Month High – Still a Buy?
by Michael Walen · The Markets DailyShares of The Boston Beer Company, Inc. (NYSE:SAM – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $260.29 and last traded at $259.96, with a volume of 77271 shares trading hands. The stock had previously closed at $250.59.
Analyst Ratings Changes
SAM has been the topic of several analyst reports. UBS Group upped their price objective on Boston Beer from $230.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price objective on Boston Beer from $226.00 to $211.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Zacks Research cut Boston Beer from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Wall Street Zen cut Boston Beer from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $245.00 price objective on shares of Boston Beer in a research report on Friday, February 20th. Ten research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $228.30.
Check Out Our Latest Research Report on SAM
Boston Beer Stock Performance
The firm has a fifty day moving average price of $234.32 and a two-hundred day moving average price of $216.86. The stock has a market capitalization of $2.69 billion, a P/E ratio of 26.46, a PEG ratio of 2.85 and a beta of 0.90.
Boston Beer (NYSE:SAM – Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The company reported ($2.12) earnings per share for the quarter, beating the consensus estimate of ($2.33) by $0.21. The firm had revenue of $385.68 million for the quarter, compared to analysts’ expectations of $381.75 million. Boston Beer had a return on equity of 12.16% and a net margin of 5.20%.The company’s revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.68) EPS. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. On average, research analysts anticipate that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Boston Beer
Hedge funds and other institutional investors have recently modified their holdings of the company. Quent Capital LLC bought a new position in shares of Boston Beer during the 3rd quarter valued at $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in Boston Beer by 137.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 159 shares of the company’s stock worth $34,000 after purchasing an additional 92 shares during the period. Flagship Harbor Advisors LLC bought a new position in Boston Beer in the 4th quarter worth $35,000. GAMMA Investing LLC raised its holdings in Boston Beer by 81.7% in the 3rd quarter. GAMMA Investing LLC now owns 189 shares of the company’s stock worth $40,000 after purchasing an additional 85 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Boston Beer by 154.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock worth $49,000 after purchasing an additional 141 shares during the period. 81.13% of the stock is owned by institutional investors.
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.