Boston Beer (NYSE:SAM) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Boston Beer (NYSE:SAM) from a hold rating to a sell rating in a research report sent to investors on Saturday.

A number of other research analysts have also recently weighed in on SAM. Roth Mkm set a $315.00 price objective on shares of Boston Beer in a report on Friday, May 1st. Weiss Ratings cut shares of Boston Beer from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday. Morgan Stanley cut their price objective on shares of Boston Beer from $235.00 to $220.00 and set an “equal weight” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $233.00 price objective on shares of Boston Beer in a report on Friday, May 1st. Finally, Jefferies Financial Group set a $230.00 price objective on shares of Boston Beer in a report on Friday, May 1st. Ten research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Boston Beer currently has an average rating of “Reduce” and a consensus price target of $235.64.

Boston Beer Price Performance

Shares of Boston Beer stock opened at $197.68 on Friday. Boston Beer has a 1 year low of $185.34 and a 1 year high of $264.46. The firm has a fifty day moving average price of $233.64 and a 200 day moving average price of $218.59. The stock has a market cap of $2.07 billion, a PE ratio of -31.38, a price-to-earnings-growth ratio of 2.54 and a beta of 0.88.

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

Hedge Funds Weigh In On Boston Beer

Institutional investors and hedge funds have recently bought and sold shares of the business. Quent Capital LLC acquired a new position in Boston Beer during the third quarter worth about $27,000. MassMutual Private Wealth & Trust FSB boosted its position in Boston Beer by 137.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 159 shares of the company’s stock worth $34,000 after acquiring an additional 92 shares during the last quarter. Ascentis Independent Advisors acquired a new position in Boston Beer during the first quarter worth about $37,000. Flagship Harbor Advisors LLC acquired a new position in Boston Beer during the fourth quarter worth about $35,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 acquiring an additional 141 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

About Boston Beer

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.