Brokerages Set The Boston Beer Company, Inc. (NYSE:SAM) Target Price at $232.30

The Boston Beer Company, Inc. (NYSE:SAM) has been given an average rating of “Reduce” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and ten have issued a hold rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $232.30.

SAM has been the subject of a number of analyst reports. UBS Group lifted their price objective on shares of Boston Beer from $230.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, April 7th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $245.00 price objective on shares of Boston Beer in a report on Friday, February 20th. Citigroup lifted their price objective on shares of Boston Beer from $230.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Zacks Research upgraded shares of Boston Beer from a “strong sell” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Boston Beer from $226.00 to $211.00 and set a “hold” rating for the company in a report on Monday, March 30th.

Hedge Funds Weigh In On Boston Beer

Hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in shares of Boston Beer by 55.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 62,051 shares of the company’s stock worth $14,820,000 after buying an additional 22,129 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Boston Beer by 8.8% during the 1st quarter. Empowered Funds LLC now owns 1,207 shares of the company’s stock worth $288,000 after buying an additional 98 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Boston Beer by 5.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,902 shares of the company’s stock worth $5,231,000 after buying an additional 1,067 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Boston Beer by 17.9% during the 2nd quarter. Cetera Investment Advisers now owns 1,653 shares of the company’s stock worth $315,000 after buying an additional 251 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Boston Beer by 41.5% during the 2nd quarter. First Trust Advisors LP now owns 15,657 shares of the company’s stock worth $2,988,000 after buying an additional 4,591 shares in the last quarter. Institutional investors own 81.13% of the company’s stock.

Boston Beer Price Performance

Shares of NYSE SAM opened at $235.74 on Thursday. The stock has a market capitalization of $2.46 billion, a P/E ratio of 24.20, a P/E/G ratio of 2.30 and a beta of 0.90. The company has a 50-day moving average price of $234.96 and a 200-day moving average price of $218.89. Boston Beer has a 1 year low of $185.34 and a 1 year high of $264.46.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Tuesday, February 24th. The company reported ($2.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.33) by $0.21. The firm had revenue of $385.68 million during the quarter, compared to analysts’ expectations of $381.75 million. Boston Beer had a net margin of 5.20% and a return on equity of 12.16%. The business’s revenue was down 4.1% on a year-over-year basis. During the same period last year, the company earned ($1.68) earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. As a group, equities research analysts anticipate that Boston Beer will post 10.08 earnings per share for the current fiscal year.

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.