Boston Beer (NYSE:SAM) Trading 6.9% Higher - What's Next?

Key Points

• Boston Beer shares rose 6.9% on Thursday, trading as high as $181.22 before closing near $181.76, with volume slightly above average.
• Analyst sentiment remains cautious: several firms cut or maintained targets, and the stock currently carries a consensus “Reduce” rating with an average target price of $224.00.
• The company’s latest earnings missed expectations, with Q1 EPS of $1.64 versus $1.96 expected and revenue down 4.4% year over year, though Boston Beer reaffirmed FY 2026 guidance of $8.50 to $10.50 EPS.

The Boston Beer Company, Inc. (NYSE:SAM - Get Free Report)'s share price was up 6.9% during trading on Thursday . The company traded as high as $181.22 and last traded at $181.7580. Approximately 241,558 shares changed hands during trading, an increase of 3% from the average session volume of 234,151 shares. The stock had previously closed at $170.00.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SAM shares. Royal Bank Of Canada decreased their price objective on Boston Beer from $245.00 to $242.00 and set a "sector perform" rating for the company in a report on Friday, May 1st. Zacks Research upgraded Boston Beer from a "strong sell" rating to a "hold" rating in a report on Thursday, April 23rd. Roth Capital set a $315.00 price target on Boston Beer in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $233.00 price target on shares of Boston Beer in a research note on Friday, May 1st. Finally, Citigroup lowered their price target on Boston Beer from $240.00 to $195.00 and set a "neutral" rating on the stock in a research report on Tuesday. Ten equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $224.00.

Boston Beer Trading Up 7.3%

The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of -28.75, a P/E/G ratio of 2.17 and a beta of 0.78. The company's 50 day moving average is $178.79 and its 200-day moving average is $210.32.

Boston Beer (NYSE:SAM - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.64 EPS for the quarter, missing analysts' consensus estimates of $1.96 by ($0.32). The business had revenue of $433.93 million for the quarter, compared to the consensus estimate of $436.06 million. Boston Beer had a positive return on equity of 12.08% and a negative net margin of 2.96%.The company's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.16 EPS. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. Research analysts expect that The Boston Beer Company, Inc. will post 9.77 EPS for the current year.

Institutional Investors Weigh In On Boston Beer

A number of large investors have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC acquired a new position in shares of Boston Beer in the fourth quarter valued at $35,000. Ascentis Independent Advisors bought a new stake in shares of Boston Beer during the 1st quarter worth about $37,000. Covestor Ltd boosted its holdings in shares of Boston Beer by 180.9% during the 4th quarter. Covestor Ltd now owns 250 shares of the company's stock worth $49,000 after buying an additional 161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Boston Beer by 154.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company's stock valued at $49,000 after buying an additional 141 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in Boston Beer by 4,780.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 244 shares of the company's stock valued at $52,000 after buying an additional 239 shares during the last quarter. Institutional investors own 81.13% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.