Boston Beer (NYSE:SAM) Stock Price Up 6.9% – What’s Next?

The Boston Beer Company, Inc. (NYSE:SAM)’s stock price shot 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 changed hands during trading, an increase of 3% from the average session volume of 234,151 shares. The stock had previously closed at $170.00.

Analyst Ratings Changes

Several equities analysts have recently commented on SAM shares. Royal Bank Of Canada decreased their target price on Boston Beer from $245.00 to $242.00 and set a “sector perform” rating on the stock in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $233.00 price target on shares of Boston Beer in a report on Friday, May 1st. Evercore set a $240.00 price target on Boston Beer in a research note on Friday, May 1st. Citigroup decreased their price objective on Boston Beer from $240.00 to $195.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Jefferies Financial Group set a $230.00 price objective on Boston Beer in a research report on Friday, May 1st. Ten equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $224.00.

Boston Beer Stock Up 7.3%

The company’s fifty day moving average price is $178.79 and its 200 day moving average price is $210.32. The company has a market capitalization of $1.90 billion, a P/E ratio of -28.75, a PEG ratio of 2.17 and a beta of 0.78.

Boston Beer (NYSE:SAM) last issued its quarterly 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 company had revenue of $433.93 million during the quarter, compared to the consensus estimate of $436.06 million. Boston Beer had a negative net margin of 2.96% and a positive return on equity of 12.08%. The company’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.16 earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. Research analysts predict that The Boston Beer Company, Inc. will post 9.77 earnings per share for the current fiscal year.

Institutional Trading of Boston Beer

Several large investors have recently modified their holdings of SAM. Flagship Harbor Advisors LLC bought a new position in shares of Boston Beer in the fourth quarter worth $35,000. Ascentis Independent Advisors bought a new stake in Boston Beer during the first quarter worth about $37,000. Covestor Ltd lifted its position 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 purchasing an additional 161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 in the last quarter. Finally, CIBC Private Wealth Group LLC increased 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 during the period. 81.13% of the stock is owned by institutional investors and hedge funds.

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.