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

Key Points

• Boston Beer Company shares have received a consensus rating of "Hold" from thirteen analysts, with one sell rating, ten hold ratings, and two buy ratings.
• The average 12-month price objective among analysts is $258.09, while recent ratings adjustments have lowered targets to as low as $230.00.
• The company's stock reported a 1.1% decline recently, with shares opening at $222.55 after quarterly earnings beat estimates but revenue fell short of expectations.

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

A number of equities research analysts recently weighed in on the company. Morgan Stanley dropped their price target on Boston Beer from $270.00 to $245.00 and set an "equal weight" rating on the stock in a research note on Friday, July 25th. Citigroup dropped their price target on Boston Beer from $285.00 to $230.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Wall Street Zen cut Boston Beer from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Sanford C. Bernstein set a $230.00 price objective on Boston Beer and gave the company a "market perform" rating in a report on Monday, July 28th. Finally, Evercore ISI decreased their price objective on Boston Beer from $275.00 to $250.00 and set an "in-line" rating on the stock in a report on Friday, July 25th.

Boston Beer Stock Down 1.1%

Shares of SAM opened at $222.55 on Wednesday. The stock has a market capitalization of $2.48 billion, a P/E ratio of 31.39, a P/E/G ratio of 1.92 and a beta of 0.82. Boston Beer has a twelve month low of $185.34 and a twelve month high of $329.55. The company has a 50 day moving average of $211.36 and a 200-day moving average of $224.15.

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

Insider Buying and Selling

In other news, VP Annette N. Fritsch sold 600 shares of the company's 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 completion of the sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. 26.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Boston Beer

Institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas lifted its position in shares of Boston Beer by 34.8% during the 1st quarter. Teacher Retirement System of Texas now owns 6,472 shares of the company's stock valued at $1,546,000 after acquiring an additional 1,671 shares during the period. Wedge Capital Management L L P NC lifted its position in shares of Boston Beer by 51.8% during the 1st quarter. Wedge Capital Management L L P NC now owns 8,593 shares of the company's stock valued at $2,052,000 after acquiring an additional 2,932 shares during the period. Calamos Advisors LLC lifted its position in shares of Boston Beer by 70.8% during the 1st quarter. Calamos Advisors LLC now owns 46,071 shares of the company's stock valued at $11,004,000 after acquiring an additional 19,090 shares during the period. GAMMA Investing LLC boosted its position 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 worth $2,453,000 after acquiring an additional 10,141 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Boston Beer during the 1st quarter worth approximately $394,000. 81.13% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.