The Boston Beer Company, Inc. (NYSE:SAM) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• The Boston Beer Company, Inc. (NYSE:SAM) has received a consensus recommendation of "Hold" from thirteen brokerages, with one sell rating, ten hold ratings, and two buy ratings.
• The company's average 1-year target price is $258.09, reflecting a decrease in target prices by some analysts, such as UBS Group's reduction from $275.00 to $214.00.
• Boston Beer recently reported earnings per share (EPS) of $5.45, beating analysts' expectations, although revenue fell short of estimates at $587.95 million.

Shares of The Boston Beer Company, Inc. (NYSE:SAM - Get Free Report) have earned a consensus rating of "Hold" from the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $258.0917.

Several research firms recently weighed in on SAM. Evercore ISI cut their price target on Boston Beer from $275.00 to $250.00 and set an "in-line" rating on the stock in a research note on Friday, July 25th. Morgan Stanley lowered their price objective on Boston Beer from $270.00 to $245.00 and set an "equal weight" rating on the stock in a research report on Friday, July 25th. Sanford C. Bernstein set a $230.00 price objective on Boston Beer and gave the company a "market perform" rating in a research report on Monday, July 28th. UBS Group lowered their price objective on Boston Beer from $275.00 to $214.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Finally, Cfra Research raised Boston Beer from a "moderate sell" rating to a "moderate buy" rating in a research report on Thursday, April 24th.

Insider Buying and Selling at Boston Beer

In other news, VP Annette N. Fritsch sold 600 shares of the stock in a transaction 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 transaction, the vice president directly owned 9,715 shares of the company's stock, valued at $2,129,916.60. This represents a 5.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 26.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Boston Beer

Several hedge funds and other institutional investors have recently modified their holdings of SAM. Millennium Management LLC lifted its holdings in shares of Boston Beer by 97.3% during the 1st quarter. Millennium Management LLC now owns 185,898 shares of the company's stock valued at $44,400,000 after buying an additional 91,667 shares during the period. Armistice Capital LLC lifted its holdings in shares of Boston Beer by 72.7% during the 1st quarter. Armistice Capital LLC now owns 210,553 shares of the company's stock valued at $50,288,000 after buying an additional 88,624 shares during the period. J. Goldman & Co LP lifted its holdings in shares of Boston Beer by 251.8% during the 4th quarter. J. Goldman & Co LP now owns 119,687 shares of the company's stock valued at $35,904,000 after buying an additional 85,669 shares during the period. Qube Research & Technologies Ltd raised its holdings in Boston Beer by 278.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 112,507 shares of the company's stock worth $21,467,000 after purchasing an additional 82,742 shares during the period. Finally, Freestone Grove Partners LP bought a new position in Boston Beer in the 4th quarter worth $21,412,000. 81.13% of the stock is owned by institutional investors.

Boston Beer Price Performance

SAM traded down $4.9360 during midday trading on Friday, reaching $218.6540. 197,350 shares of the company's stock traded hands, compared to its average volume of 302,298. The firm has a fifty day moving average of $205.26 and a two-hundred day moving average of $225.52. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 30.84, a P/E/G ratio of 1.91 and a beta of 0.84. Boston Beer has a 52 week low of $185.34 and a 52 week high of $329.55.

Boston Beer (NYSE:SAM - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $5.45 earnings per share for the quarter, topping analysts' consensus estimates of $4.37 by $1.08. Boston Beer had a return on equity of 15.15% and a net margin of 3.65%.The firm had revenue of $587.95 million for the quarter, compared to the consensus estimate of $599.18 million. During the same quarter in the prior year, the business earned $4.39 EPS. The business's revenue for the quarter was up 1.5% on a year-over-year basis. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. Sell-side analysts forecast that Boston Beer will post 9.29 EPS for the current year.

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.