Boston Beer (NYSE:SAM) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Boston Beer (NYSE:SAM) from a strong sell rating to a hold rating in a research note published on Tuesday,Zacks reports.

Other analysts also recently issued reports about the company. UBS Group cut their target price on Boston Beer from $245.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, July 16th. Royal Bank Of Canada lowered their price target on Boston Beer from $234.00 to $210.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. The Goldman Sachs Group dropped their price objective on Boston Beer from $192.00 to $169.00 and set a “sell” rating on the stock in a research report on Wednesday, July 8th. Roth Capital reiterated a “buy” rating and issued a $295.00 price objective (down from $315.00) on shares of Boston Beer in a report on Friday, July 24th. Finally, Wall Street Zen raised Boston Beer from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Boston Beer has a consensus rating of “Reduce” and a consensus price target of $206.91.

Boston Beer Stock Performance

Shares of Boston Beer stock opened at $167.01 on Tuesday. The stock has a market capitalization of $1.74 billion, a PE ratio of -24.60 and a beta of 0.83. Boston Beer has a 52-week low of $158.68 and a 52-week high of $264.46. The company has a 50-day simple moving average of $178.49 and a two-hundred day simple moving average of $195.49.

Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $4.83 by ($1.18). Boston Beer had a negative net margin of 3.42% and a positive return on equity of 9.99%. The firm had revenue of $568.34 million for the quarter, compared to analysts’ expectations of $566.68 million. During the same quarter in the previous year, the company earned $5.45 EPS. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, equities research analysts forecast that Boston Beer will post 8.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Boston Beer

Several institutional investors have recently made changes to their positions in SAM. Dimensional Fund Advisors LP increased its holdings in Boston Beer by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 273,612 shares of the company’s stock valued at $63,040,000 after buying an additional 15,611 shares during the last quarter. Quantinno Capital Management LP raised its position in Boston Beer by 155.2% in the first quarter. Quantinno Capital Management LP now owns 230,587 shares of the company’s stock worth $53,127,000 after acquiring an additional 140,247 shares during the period. Gotham Asset Management LLC boosted its stake in shares of Boston Beer by 16.7% during the 4th quarter. Gotham Asset Management LLC now owns 248,910 shares of the company’s stock worth $48,570,000 after acquiring an additional 35,644 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Boston Beer by 13.4% during the 1st quarter. Renaissance Technologies LLC now owns 93,779 shares of the company’s stock worth $21,607,000 after acquiring an additional 11,100 shares during the last quarter. Finally, Calamos Advisors LLC grew its position in shares of Boston Beer by 2.1% during the 1st quarter. Calamos Advisors LLC now owns 66,749 shares of the company’s stock valued at $15,379,000 after acquiring an additional 1,385 shares during the period. Institutional investors own 81.13% of the company’s stock.

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.