The Boston Beer Company, Inc. (NYSE:SAM) Stock Has Average Target Price of $205.09

Key Points

• Analysts hold a cautious view: Boston Beer has a consensus “Reduce” rating from 12 analysts, with two sell, nine hold, and one buy rating. The average 12-month price target is $205.09.
• Recent performance was mixed: Shares opened at $177.97, while the company reported quarterly EPS of $3.65, missing estimates of $4.83. Revenue of $568.34 million slightly exceeded expectations but declined 3.3% year over year.
• Institutional ownership remains high: Hedge funds and other institutions own 81.13% of Boston Beer’s stock, with several major investors recently increasing their positions.

Shares of The Boston Beer Company, Inc. (NYSE:SAM - Get Free Report) have received a consensus recommendation of "Reduce" from the twelve ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $205.09.

Several research firms have recently weighed in on SAM. Deutsche Bank Aktiengesellschaft set a $176.00 target price on shares of Boston Beer in a research report on Friday, July 24th. Sanford C. Bernstein restated a "market perform" rating and issued a $195.00 price target on shares of Boston Beer in a research report on Monday, July 27th. Citigroup decreased their price objective on shares of Boston Beer from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Friday, July 24th. Wall Street Zen upgraded shares of Boston Beer from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Finally, Roth Capital reissued a "buy" rating and set a $295.00 target price (down from $315.00) on shares of Boston Beer in a research note on Friday, July 24th.

Boston Beer Stock Up 0.4%

NYSE:SAM opened at $177.97 on Thursday. The stock has a fifty day simple moving average of $174.78 and a 200 day simple moving average of $189.15. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of -26.21 and a beta of 0.82. Boston Beer has a 1-year low of $158.68 and a 1-year high of $264.46.

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

Institutional Trading of Boston Beer

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