The Boston Beer Company, Inc. (NYSE:SAM) Given Average Rating of “Reduce” by Brokerages

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have received a consensus recommendation of “Reduce” from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $240.50.

A number of research firms have recently commented on SAM. Sanford C. Bernstein dropped their price target on shares of Boston Beer from $218.00 to $210.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 5th. Weiss Ratings lowered shares of Boston Beer from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada dropped their target price on shares of Boston Beer from $245.00 to $242.00 and set a “sector perform” rating on the stock in a report on Friday, May 1st. Evercore set a $240.00 target price on shares of Boston Beer in a research report on Friday, May 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $233.00 price target on shares of Boston Beer in a report on Friday, May 1st.

Boston Beer Stock Up 5.0%

Shares of SAM traded up $9.03 during mid-day trading on Tuesday, reaching $188.85. The company’s stock had a trading volume of 21,735 shares, compared to its average volume of 230,779. The company has a market cap of $1.97 billion, a price-to-earnings ratio of -29.90, a price-to-earnings-growth ratio of 2.36 and a beta of 0.78. The business has a fifty day moving average of $186.30 and a 200 day moving average of $211.43. Boston Beer has a 1 year low of $158.68 and a 1 year high of $264.46.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.32). Boston Beer had a negative net margin of 2.96% and a positive return on equity of 12.08%. The company had revenue of $433.93 million for the quarter, compared to analysts’ expectations of $436.06 million. During the same period in the previous year, the firm posted $2.16 earnings per share. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. On average, analysts predict that Boston Beer will post 9.77 earnings per share for the current year.

Institutional Trading of Boston Beer

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Boston Beer by 9.4% in the 4th 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 last quarter. AQR Capital Management LLC lifted its holdings in Boston Beer by 340.4% during the 3rd quarter. AQR Capital Management LLC now owns 647,060 shares of the company’s stock valued at $136,801,000 after purchasing an additional 500,120 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 last quarter. Arrowstreet Capital Limited Partnership boosted its position in Boston Beer by 5.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 271,516 shares of the company’s stock valued at $52,981,000 after buying an additional 13,113 shares in the last quarter. Finally, Gotham Asset Management LLC boosted its position 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 buying an additional 35,644 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors.

About Boston Beer

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.