Boston Beer (NYSE:SAM) Raised to "Hold" at Zacks Research

Key Points

• Zacks Research upgraded Boston Beer from “strong sell” to “hold,” although the broader analyst consensus remains “Reduce,” with an average price target of $206.91.
• Boston Beer shares opened at $167.01, down 0.7%, and remain below their 50-day and 200-day moving averages; the stock has traded between $158.68 and $264.46 over the past year.
• The company missed quarterly earnings expectations, reporting EPS of $3.65 versus the $4.83 consensus, while revenue of $568.34 million slightly exceeded estimates but declined 3.3% year over year.

Boston Beer (NYSE:SAM - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Tuesday, Zacks reports.

SAM has been the subject of a number of other reports. Royal Bank Of Canada lowered their target price on Boston Beer from $234.00 to $210.00 and set a "sector perform" rating for the company in a research note on Friday, July 24th. Jefferies Financial Group cut their price target on shares of Boston Beer from $230.00 to $195.00 and set a "hold" rating on the stock in a research note on Friday, July 24th. UBS Group reduced their price target on shares of Boston Beer from $245.00 to $190.00 and set a "neutral" rating for the company in a report on Thursday, July 16th. Wall Street Zen upgraded shares of Boston Beer from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $295.00 target price (down from $315.00) on shares of Boston Beer in a research note on Friday, July 24th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $206.91.

Boston Beer Trading Down 0.7%

Shares of Boston Beer stock opened at $167.01 on Tuesday. The stock's fifty day simple moving average is $178.49 and its 200 day simple moving average is $195.49. The company has a market capitalization of $1.74 billion, a PE ratio of -24.60 and a beta of 0.83. Boston Beer has a 12 month low of $158.68 and a 12 month high of $264.46.

Boston Beer (NYSE:SAM - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.83 by ($1.18). The business had revenue of $568.34 million during the quarter, compared to the consensus estimate of $566.68 million. Boston Beer had a positive return on equity of 9.99% and a negative net margin of 3.42%.The firm's revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $5.45 earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. Analysts predict that Boston Beer will post 8.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SAM. Dimensional Fund Advisors LP increased its stake in Boston Beer by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 273,612 shares of the company's stock valued at $63,040,000 after buying an additional 15,611 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Boston Beer by 155.2% during the 1st quarter. Quantinno Capital Management LP now owns 230,587 shares of the company's stock worth $53,127,000 after buying an additional 140,247 shares during the last quarter. Gotham Asset Management LLC boosted its stake in shares of Boston Beer by 16.7% during the 4th quarter. Gotham Asset Management LLC now owns 248,910 shares of the company's stock worth $48,570,000 after buying an additional 35,644 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Boston Beer by 13.4% during the 1st quarter. Renaissance Technologies LLC now owns 93,779 shares of the company's stock worth $21,607,000 after buying an additional 11,100 shares during the last quarter. Finally, Calamos Advisors LLC grew its holdings in shares of Boston Beer by 2.1% in the 1st quarter. Calamos Advisors LLC now owns 66,749 shares of the company's stock valued at $15,379,000 after acquiring an additional 1,385 shares in the last quarter. Institutional investors and hedge funds own 81.13% of the company's stock.

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.

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