The Boston Beer Company, Inc. (NYSE:SAM) Stock Rated “Reduce” by Sell-Side Analysts

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have been assigned an average recommendation of “Reduce” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $206.91.

A number of equities analysts recently issued reports on SAM shares. Wall Street Zen upgraded Boston Beer from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Jefferies Financial Group cut their price objective on Boston Beer from $230.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Weiss Ratings restated a “sell (d)” rating on shares of Boston Beer in a research note on Monday, August 3rd. Morgan Stanley set a $190.00 target price on Boston Beer and gave the stock an “equal weight” rating in a report on Friday, July 24th. Finally, Royal Bank Of Canada dropped their target price on Boston Beer from $234.00 to $210.00 and set a “sector perform” rating on the stock in a research report on Friday, July 24th.

Boston Beer Stock Down 0.9%

SAM stock opened at $166.20 on Friday. The stock has a market capitalization of $1.73 billion, a PE ratio of -24.48 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 firm has a 50 day moving average of $178.17 and a 200 day moving average of $195.02.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $3.65 earnings per share (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 company had revenue of $568.34 million for the quarter, compared to analyst estimates of $566.68 million. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.45 EPS. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. On average, equities research analysts expect that Boston Beer will post 8.99 earnings per share for the current year.

Institutional Trading of Boston Beer

Large investors have recently made changes to their positions in the business. IFP Advisors Inc raised its holdings in shares of Boston Beer by 333.3% during the second quarter. IFP Advisors Inc now owns 156 shares of the company’s stock worth $28,000 after purchasing an additional 120 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in Boston Beer in the first quarter valued at $37,000. Plato Investment Management Ltd acquired a new stake in Boston Beer during the 2nd quarter worth about $35,000. Covestor Ltd grew its position in Boston Beer by 180.9% during the 4th quarter. Covestor Ltd now owns 250 shares of the company’s stock worth $49,000 after purchasing an additional 161 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Boston Beer during the 2nd quarter valued at about $47,000. 81.13% of the stock is owned by hedge funds and other institutional investors.

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.