Boston Beer (NYSE:SAM) Earns Sell (D+) Rating from Weiss Ratings

Key Points

• Boston Beer has been assigned a "sell (D+)" rating by Weiss Ratings, while other analysts have mostly rated the stock as a hold, indicating a cautious outlook on its performance.
• Despite beating earnings estimates with an EPS of $5.45, Boston Beer reported a revenue of $587.95 million, which fell short of the consensus estimate, reflecting potential challenges in growth.
• The company's stock has a price objective range between $225.00 and $270.00, with an average rating of "Reduce" and a current market capitalization of $2.46 billion.

Boston Beer (NYSE:SAM - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research analysts also recently commented on the stock. Wall Street Zen downgraded shares of Boston Beer from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Jefferies Financial Group dropped their price objective on shares of Boston Beer from $230.00 to $225.00 and set a "hold" rating for the company in a research note on Tuesday, September 30th. Sanford C. Bernstein set a $230.00 price objective on shares of Boston Beer and gave the company a "market perform" rating in a research note on Monday, July 28th. UBS Group dropped their price objective on shares of Boston Beer from $234.00 to $230.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Morgan Stanley decreased their target price on Boston Beer from $270.00 to $245.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $251.51.

Boston Beer Price Performance

NYSE SAM opened at $220.26 on Wednesday. Boston Beer has a 12 month low of $185.34 and a 12 month high of $329.55. The company has a 50-day moving average of $219.37 and a 200-day moving average of $222.16. The company has a market cap of $2.46 billion, a P/E ratio of 31.07, a P/E/G ratio of 1.89 and a beta of 0.83.

Boston Beer (NYSE:SAM - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $5.45 EPS for the quarter, beating analysts' consensus estimates of $4.37 by $1.08. Boston Beer had a net margin of 3.65% and a return on equity of 15.15%. The company had revenue of $587.95 million during the quarter, compared to the consensus estimate of $599.18 million. During the same quarter in the prior year, the company posted $4.39 EPS. The company's quarterly revenue was up 1.5% compared to the same quarter last year. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. As a group, equities research analysts anticipate that Boston Beer will post 9.29 EPS for the current year.

Insider Activity at Boston Beer

In other news, VP Annette N. Fritsch sold 600 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $219.24, for a total transaction of $131,544.00. Following the completion of the transaction, the vice president directly owned 9,715 shares in the company, valued at approximately $2,129,916.60. This represents a 5.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 26.10% of the company's stock.

Hedge Funds Weigh In On Boston Beer

Several institutional investors and hedge funds have recently made changes to their positions in SAM. GAMMA Investing LLC boosted its stake in shares of Boston Beer by 7,861.2% during the 1st quarter. GAMMA Investing LLC now owns 10,270 shares of the company's stock valued at $2,453,000 after buying an additional 10,141 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Boston Beer by 35.7% during the 1st quarter. UMB Bank n.a. now owns 331 shares of the company's stock valued at $79,000 after buying an additional 87 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Boston Beer by 602.4% during the 1st quarter. Farther Finance Advisors LLC now owns 295 shares of the company's stock valued at $72,000 after buying an additional 253 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Boston Beer during the 1st quarter valued at approximately $394,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Boston Beer by 34.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 3,535 shares of the company's stock valued at $844,000 after buying an additional 905 shares during the last quarter. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

About Boston Beer

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.

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