The Boston Beer Company, Inc. (NYSE:SAM) Stock Has Average Price Target of $208.82 According to Brokerages

Key Points

• Analyst sentiment is cautious: Boston Beer has a consensus “Reduce” rating, with two sell, nine hold, and one buy recommendation among 12 analysts. The average 12-month price target is $208.82.
• Latest quarterly results were mixed: Earnings of $4.37 per share beat estimates of $4.21, while revenue of $520.1 million fell short of expectations and declined 3.2% year over year.
• Institutional investors and hedge funds own 81.13% of the company’s shares, and several firms recently increased their positions.

The Boston Beer Company, Inc. (NYSE:SAM - Get Free Report) has earned a consensus rating of "Reduce" from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $208.82.

Several analysts have recently issued reports on SAM shares. Morgan Stanley reissued an "equal weight" rating on shares of Boston Beer in a research report on Tuesday, October 27th. Citigroup raised their price objective on shares of Boston Beer from $185.00 to $197.00 and gave the stock a "neutral" rating in a report on Monday, October 26th. Jefferies Financial Group reiterated a "hold" rating and issued a $200.00 price objective on shares of Boston Beer in a research note on Friday, October 23rd. Zacks Research upgraded shares of Boston Beer from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $176.00 target price on shares of Boston Beer in a report on Friday, July 24th.

Institutional Investors Weigh In On Boston Beer

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quantinno Capital Management LP lifted its stake in Boston Beer by 155.2% in the 1st quarter. Quantinno Capital Management LP now owns 230,587 shares of the company's stock worth $53,127,000 after purchasing an additional 140,247 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Boston Beer by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 273,612 shares of the company's stock valued at $63,040,000 after purchasing an additional 15,611 shares in the last quarter. First Trust Advisors LP raised its stake in Boston Beer by 34.8% in the first quarter. First Trust Advisors LP now owns 51,675 shares of the company's stock valued at $11,906,000 after purchasing an additional 13,348 shares in the last quarter. Renaissance Technologies LLC lifted its position in Boston Beer by 13.4% during the first quarter. Renaissance Technologies LLC now owns 93,779 shares of the company's stock valued at $21,607,000 after purchasing an additional 11,100 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Boston Beer by 136.5% during the first quarter. Royal Bank of Canada now owns 19,081 shares of the company's stock valued at $4,395,000 after purchasing an additional 11,012 shares during the last quarter. 81.13% of the stock is owned by hedge funds and other institutional investors.

Boston Beer Trading Up 0.2%

NYSE:SAM opened at $221.10 on Monday. The stock has a market capitalization of $2.24 billion, a PE ratio of -32.37 and a beta of 0.81. The firm's 50 day moving average is $180.59 and its 200 day moving average is $199.25. 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 issued its quarterly earnings results on Thursday, October 22nd. The company reported $4.37 EPS for the quarter, beating analysts' consensus estimates of $4.21 by $0.16. The firm had revenue of $520.10 million for the quarter, compared to analysts' expectations of $522.95 million. Boston Beer had a positive return on equity of 10.40% and a negative net margin of 3.59%. The business's revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.25 EPS. Research analysts predict that Boston Beer will post 9.50 earnings per share for the current year.

Boston Beer Company Profile

Boston Beer Company, Inc is an American beverage company that develops, produces, and sells alcoholic beverages. The company is best known for its Samuel Adams craft beer brand, which includes Boston Lager and a range of seasonal, specialty, and limited-release beers.

Its portfolio also includes Twisted Tea hard iced tea, Truly Hard Seltzer, Angry Orchard hard cider, and beverages associated with Dogfish Head, which Boston Beer acquired in 2019. The company offers products across several categories, including beer, flavored malt beverages, hard seltzer, and hard cider, with offerings distributed primarily through wholesalers, retailers, restaurants, and other on-premise establishments.

Founded in 1984 by Jim Koch, Boston Beer helped expand the U.S.

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