Boston Beer (NYSE:SAM) Trading Up 6.9% – Here’s What Happened

The Boston Beer Company, Inc. (NYSE:SAM)’s stock price traded up 6.9% during mid-day trading on Thursday . The company traded as high as $181.22 and last traded at $181.7580. Approximately 241,558 shares traded hands during trading, an increase of 3% from the average daily volume of 234,151 shares. The stock had previously closed at $170.00.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SAM. Sanford C. Bernstein cut their price target on shares of Boston Beer from $218.00 to $210.00 and set a “market perform” rating for the company in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $233.00 target price on shares of Boston Beer in a research report on Friday, May 1st. Royal Bank Of Canada cut their target price 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. Citigroup reduced their price target on shares of Boston Beer from $240.00 to $195.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, 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. Ten investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $224.00.

Boston Beer Trading Down 2.2%

The business has a fifty day simple moving average of $177.99 and a two-hundred day simple moving average of $210.00. The company has a market cap of $1.86 billion, a PE ratio of -28.34, a price-to-earnings-growth ratio of 2.35 and a beta of 0.78.

Boston Beer (NYSE:SAM) last announced its 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). The business had revenue of $433.93 million for the quarter, compared to analyst estimates of $436.06 million. Boston Beer had a positive return on equity of 12.08% and a negative net margin of 2.96%.The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the firm earned $2.16 EPS. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. Equities analysts expect that The Boston Beer Company, Inc. will post 9.77 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SAM. Flagship Harbor Advisors LLC purchased a new stake in shares of Boston Beer in the fourth quarter valued at approximately $35,000. Ascentis Independent Advisors purchased a new position in Boston Beer during the first quarter worth approximately $37,000. Covestor Ltd boosted its stake in Boston Beer by 180.9% during the fourth quarter. Covestor Ltd now owns 250 shares of the company’s stock worth $49,000 after buying an additional 161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Boston Beer by 154.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock worth $49,000 after buying an additional 141 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in Boston Beer by 4,780.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 244 shares of the company’s stock valued at $52,000 after buying an additional 239 shares in the last quarter. 81.13% of the stock is 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.