Brokerages Set The Boston Beer Company, Inc. (NYSE:SAM) Price Target at $206.91

The Boston Beer Company, Inc. (NYSE:SAM) has been given an average recommendation of “Reduce” by the twelve ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $206.9091.

Several brokerages recently weighed in on SAM. Morgan Stanley set a $190.00 target price on shares of Boston Beer and gave the company an “equal weight” rating in a report on Friday, July 24th. 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 research report on Thursday, July 16th. Citigroup reduced their price objective on shares of Boston Beer from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Roth Capital reaffirmed a “buy” rating and set a $295.00 price objective (down from $315.00) on shares of Boston Beer in a research report on Friday, July 24th. Finally, The Goldman Sachs Group decreased 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.

Boston Beer Trading Down 2.3%

NYSE:SAM opened at $167.47 on Friday. 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 $1.74 billion, a PE ratio of -24.66 and a beta of 0.83. The stock has a fifty day moving average price of $178.56 and a 200 day moving average price of $195.94.

Boston Beer (NYSE:SAM) last posted its quarterly earnings results 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 company had revenue of $568.34 million during the quarter, compared to analyst estimates of $566.68 million. Boston Beer had a negative net margin of 3.42% and a positive return on equity of 9.99%. Boston Beer’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $5.45 EPS. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. Equities analysts forecast that Boston Beer will post 8.99 EPS for the current year.

Institutional Trading of Boston Beer

Institutional investors have recently bought and sold shares of the business. WINTON GROUP Ltd increased its holdings in shares of Boston Beer by 1.1% in the 2nd quarter. WINTON GROUP Ltd now owns 33,018 shares of the company’s stock valued at $5,845,000 after acquiring an additional 359 shares during the last quarter. Engineers Gate Manager LP lifted its stake in Boston Beer by 367.2% during the second quarter. Engineers Gate Manager LP now owns 9,610 shares of the company’s stock worth $1,701,000 after purchasing an additional 7,553 shares during the last quarter. IFP Advisors Inc lifted its stake in Boston Beer by 333.3% during the second quarter. IFP Advisors Inc now owns 156 shares of the company’s stock worth $28,000 after purchasing an additional 120 shares during the last quarter. Nykredit A S acquired a new position in Boston Beer in the second quarter valued at approximately $115,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Boston Beer in the second quarter valued at approximately $901,000. 81.13% of the stock is owned by hedge funds and other institutional investors.

About Boston Beer

Boston Beer Company, Inc is an American beverage company that develops, produces and sells alcoholic beverages. Founded in 1984 by Jim Koch, the company helped popularize craft beer in the United States with Samuel Adams Boston Lager, its flagship brand.

Boston Beer’s portfolio includes Samuel Adams and other craft beer brands, as well as Truly Hard Seltzer, Twisted Tea hard iced tea, Angry Orchard hard cider and beverages associated with Dogfish Head Brewery, which it acquired in 2019.