Boston Beer (NYSE:SAM) Price Target Cut to $210.00 by Analysts at Royal Bank Of Canada

Boston Beer (NYSE:SAM) had its price objective dropped by equities researchers at Royal Bank Of Canada from $234.00 to $210.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 18.07% from the stock’s previous close.

A number of other research firms have also recently weighed in on SAM. Citigroup lowered their price target on Boston Beer from $240.00 to $195.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. The Goldman Sachs Group reduced their price objective on shares of Boston Beer from $192.00 to $169.00 and set a “sell” rating on the stock in a report on Wednesday, July 8th. Morgan Stanley set a $190.00 target price on shares of Boston Beer in a research report on Friday. UBS Group lowered their target price on shares of Boston Beer from $245.00 to $190.00 and set a “neutral” rating for the company in a research note on Thursday, July 16th. Finally, Roth Capital set a $315.00 price target on shares of Boston Beer in a research report on Friday, May 1st. Ten investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $218.36.

Boston Beer Price Performance

Shares of SAM stock traded up $3.35 during trading on Friday, hitting $177.86. 197,537 shares of the stock traded hands, compared to its average volume of 240,651. Boston Beer has a 52-week low of $158.68 and a 52-week high of $264.46. The firm has a market capitalization of $1.85 billion, a P/E ratio of -28.18, a price-to-earnings-growth ratio of 3.27 and a beta of 0.78. The firm’s fifty day moving average price is $177.50 and its 200-day moving average price is $209.46.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $3.65 earnings per share for the quarter, missing the consensus estimate of $4.83 by ($1.18). The business had revenue of $568.34 million during the quarter, compared to analysts’ expectations of $566.68 million. Boston Beer had a positive return on equity of 12.08% and a negative net margin of 2.96%.The company’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.45 earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, equities research analysts expect that Boston Beer will post 9.51 earnings per share for the current year.

Institutional Investors Weigh In On Boston Beer

Several institutional investors and hedge funds have recently modified their holdings of SAM. Vanguard Group Inc. boosted its stake 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 valued at $202,776,000 after buying an additional 89,053 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in shares of Boston Beer during the fourth quarter worth about $893,000. Skylands Capital LLC purchased a new stake in shares of Boston Beer during the fourth quarter worth approximately $1,181,000. Gotham Asset Management LLC increased its stake in shares of Boston Beer by 16.7% during the fourth quarter. Gotham Asset Management LLC now owns 248,910 shares of the company’s stock worth $48,570,000 after buying an additional 35,644 shares during the period. Finally, Tejara Capital Ltd acquired a new stake in Boston Beer in the fourth quarter valued at approximately $1,346,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

More Boston Beer News

Here are the key news stories impacting Boston Beer this week:

• Negative Sentiment: Boston Beer missed earnings expectations for Q2, with EPS of $3.65 versus analysts’ estimates around $4.77-$4.83, which is weighing on sentiment. Boston Beer (SAM) Q2 Earnings and Revenues Miss Estimates
• Negative Sentiment: Revenue came in only slightly above or roughly in line with estimates at about $568 million, but sales still fell 3.3% year over year, showing continued top-line pressure. Boston Beer Reports Second Quarter Financial Results
• Negative Sentiment: Profitability weakened, with operating profit and net income declining year over year, and shipment volume down 4.5%, reinforcing concerns about demand for core products. Boston Beer Company Posts Lower Second-Quarter Profit as Sales Decline

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.