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

Key Points

• The Boston Beer Company (NYSE:SAM) has received a consensus rating of "Hold" from fourteen rating firms, with ten hold, two buy, and two sell recommendations.
• Boston Beer reported a 1.5% increase in revenue year-over-year, with earnings per share of $5.45, surpassing analysts' expectations of $4.37.
• Institutional investors own 81.13% of Boston Beer’s stock, indicating strong institutional interest in the company.

Shares of The Boston Beer Company, Inc. (NYSE:SAM - Get Free Report) have earned a consensus recommendation of "Hold" from the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $249.7583.

Several analysts recently weighed in on the stock. Sanford C. Bernstein set a $230.00 price target on shares of Boston Beer and gave the company a "market perform" rating in a report on Monday, July 28th. Jefferies Financial Group dropped their target price on shares of Boston Beer from $230.00 to $225.00 and set a "hold" rating on the stock in a report on Tuesday, September 30th. Citigroup dropped their target price on shares of Boston Beer from $285.00 to $230.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Weiss Ratings restated a "sell (d+)" rating on shares of Boston Beer in a report on Saturday, September 27th. Finally, The Goldman Sachs Group dropped their target price on shares of Boston Beer from $219.00 to $187.00 and set a "sell" rating on the stock in a report on Monday, June 23rd.

Boston Beer Stock Up 1.7%

NYSE:SAM opened at $226.95 on Friday. The stock has a market cap of $2.53 billion, a P/E ratio of 32.01, a price-to-earnings-growth ratio of 1.93 and a beta of 0.83. The firm's fifty day simple moving average is $218.82 and its 200 day simple moving average is $222.29. Boston Beer has a twelve month low of $185.34 and a twelve month high of $329.55.

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

Insider Activity at Boston Beer

In related news, VP Annette N. Fritsch sold 600 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $219.24, for a total value of $131,544.00. Following the transaction, the vice president owned 9,715 shares in the company, valued at $2,129,916.60. The trade was a 5.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 26.10% of the company's stock.

Hedge Funds Weigh In On Boston Beer

A number of hedge funds have recently bought and sold shares of SAM. Millennium Management LLC boosted its stake in Boston Beer by 97.3% in the 1st quarter. Millennium Management LLC now owns 185,898 shares of the company's stock worth $44,400,000 after purchasing an additional 91,667 shares in the last quarter. Armistice Capital LLC boosted its stake in Boston Beer by 72.7% in the 1st quarter. Armistice Capital LLC now owns 210,553 shares of the company's stock worth $50,288,000 after purchasing an additional 88,624 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake 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 in the last quarter. Acadian Asset Management LLC bought a new position in Boston Beer in the 2nd quarter worth about $12,795,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Boston Beer by 34.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 239,109 shares of the company's stock worth $45,624,000 after purchasing an additional 60,880 shares in the last quarter. Institutional investors own 81.13% of the company's stock.

Boston Beer Company Profile

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.

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