Boston Beer (NYSE:SAM) Given New $190.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada lowered Boston Beer’s price target to $190 from $210 while maintaining a “sector perform” rating, implying roughly 13.55% upside from the reported share price.
• Analyst sentiment remains cautious: Boston Beer has a consensus “Reduce” rating, with one Buy, nine Hold and two Sell ratings, and a consensus price target of $205.09.
• The company’s latest quarterly results missed EPS expectations, reporting $3.65 versus $4.83 anticipated, while revenue declined 3.3% year over year to $568.34 million.

Boston Beer (NYSE:SAM - Get Free Report) had its price target decreased by stock analysts at Royal Bank Of Canada from $210.00 to $190.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price suggests a potential upside of 13.55% from the stock's current price.

SAM has been the topic of a number of other research reports. Zacks Research upgraded Boston Beer from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 22nd. Deutsche Bank Aktiengesellschaft set a $176.00 price target on Boston Beer in a research report on Friday, July 24th. Sanford C. Bernstein reissued a "market perform" rating and issued a $195.00 price target on shares of Boston Beer in a report on Monday, July 27th. The Goldman Sachs Group lowered 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. Finally, Citigroup dropped their price objective on shares of Boston Beer from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Friday, July 24th. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $205.09.

Boston Beer Price Performance

NYSE:SAM opened at $167.33 on Tuesday. The company's fifty day moving average price is $176.47 and its 200-day moving average price is $191.79. Boston Beer has a 1-year low of $158.68 and a 1-year high of $264.46. The firm has a market capitalization of $1.74 billion, a P/E ratio of -24.64 and a beta of 0.82.

Boston Beer (NYSE:SAM - Get Free Report) last posted its 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). The business had revenue of $568.34 million for the quarter, compared to analyst estimates of $566.68 million. Boston Beer had a negative net margin of 3.42% and a positive return on equity of 9.99%. The company's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.45 earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. Equities analysts anticipate that Boston Beer will post 8.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Boston Beer

Large investors have recently bought and sold shares of the business. WINTON GROUP Ltd increased its position in shares of Boston Beer by 1.1% in the second quarter. WINTON GROUP Ltd now owns 33,018 shares of the company's stock valued at $5,845,000 after buying an additional 359 shares in the last quarter. Engineers Gate Manager LP increased its stake in shares of Boston Beer by 367.2% during the second quarter. Engineers Gate Manager LP now owns 9,610 shares of the company's stock worth $1,701,000 after purchasing an additional 7,553 shares in the last quarter. IFP Advisors Inc raised its position in shares of Boston Beer by 333.3% during the 2nd 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. Nykredit A S acquired a new position in shares of Boston Beer during the 2nd quarter worth about $115,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Boston Beer in the 2nd quarter valued at about $901,000. Institutional investors and hedge funds own 81.13% of the company's stock.

Boston Beer Company Profile

The Boston Beer Company, Inc is a craft brewing and alcoholic beverage company founded in 1984 by Jim Koch and headquartered in Boston, Massachusetts. The company is best known for Samuel Adams Boston Lager, which helped establish its reputation as one of the early leaders of the modern American craft beer movement.

Boston Beer develops, produces and sells a broad portfolio of beverages, including beers, hard seltzers, ciders, flavored malt beverages and ready-to-drink products. Its brands include Samuel Adams, Truly Hard Seltzer, Twisted Tea, Angry Orchard and Dogfish Head.

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