The Goldman Sachs Group Cuts Boston Beer (NYSE:SAM) Price Target to $169.00

Boston Beer (NYSE:SAM) had its price objective dropped by analysts at The Goldman Sachs Group from $192.00 to $169.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential downside of 7.74% from the stock’s previous close.

SAM has been the subject of several other reports. UBS Group reduced their target price on Boston Beer from $250.00 to $245.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Jefferies Financial Group set a $230.00 price objective on Boston Beer in a report on Friday, May 1st. Royal Bank Of Canada reduced their price objective on shares of Boston Beer from $245.00 to $242.00 and set a “sector perform” rating for the company in a research note on Friday, May 1st. Zacks Research upgraded shares of Boston Beer from a “strong sell” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, Sanford C. Bernstein dropped their target price 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. Ten investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $234.00.

Boston Beer Price Performance

SAM stock opened at $183.19 on Wednesday. Boston Beer has a 12 month low of $158.68 and a 12 month high of $264.46. The firm has a market cap of $1.91 billion, a PE ratio of -29.08, a P/E/G ratio of 2.31 and a beta of 0.78. The firm has a 50 day simple moving average of $185.24 and a 200 day simple moving average of $211.32.

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

Institutional Trading of Boston Beer

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC increased its position in Boston Beer by 67.3% in the 1st quarter. Parallel Advisors LLC now owns 843 shares of the company’s stock worth $194,000 after purchasing an additional 339 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in Boston Beer by 25.9% in the first quarter. Glenmede Trust Co. NA now owns 3,456 shares of the company’s stock worth $796,000 after buying an additional 712 shares during the last quarter. Bull Harbor Capital LLC acquired a new position in Boston Beer in the first quarter worth approximately $303,000. EverSource Wealth Advisors LLC raised its position in Boston Beer by 23.3% during the first quarter. EverSource Wealth Advisors LLC now owns 423 shares of the company’s stock valued at $97,000 after acquiring an additional 80 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in Boston Beer by 26.6% during the first quarter. California State Teachers Retirement System now owns 9,973 shares of the company’s stock valued at $2,298,000 after acquiring an additional 2,097 shares in the last quarter. 81.13% of the stock is currently owned by hedge funds and other 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.