Boston Beer (SAM) Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Boston Beer in the last year. There are currently 6 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SAM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SAM, but not buy additional shares or sell existing shares.
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14 equities research analysts have issued 1 year target prices for Boston Beer's stock. Their SAM share price forecasts range from $251.00 to $386.00. On average, they expect the company's stock price to reach $307.75 in the next twelve months. This suggests that the stock has a possible downside of 9.3%.
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Boston Beer's stock was trading at $329.52 at the beginning of the year. Since then, SAM stock has increased by 3.0% and is now trading at $339.27.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
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The Boston Beer Company, Inc. (NYSE:SAM) posted its quarterly earnings data on Thursday, April, 27th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by $0.41. The company had revenue of $410 million for the quarter, compared to the consensus estimate of $412.47 million. Boston Beer had a trailing twelve-month return on equity of 7.58% and a net margin of 2.82%. The business's quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.16) earnings per share.

ETFs with the largest weight of Boston Beer (NYSE:SAM) stock in their portfolio include B.A.D. Etf (BAD), American CenturyFocused Dynamic Growth ETF (FDG), VanEck Morningstar SMID Moat ETF (SMOT), Natixis U.S. Equity Opportunities ETF (EQOP), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), Syntax Stratified MidCap ETF (SMDY), Invesco S&P MidCap 400 Equal Weight ETF (EWMC) and Fidelity New Millennium ETF (FMIL).

Boston Beer issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $6.00-$10.00 for the period, compared to the consensus EPS estimate of $7.45. The company issued revenue guidance of -.

34 employees have rated Boston Beer Chief Executive Officer Dave Burwick on Glassdoor.com. Dave Burwick has an approval rating of 100% among the company's employees. This puts Dave Burwick in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Boston Beer investors own include NVIDIA (NVDA), Netflix (NFLX), AutoZone (AZO), Chipotle Mexican Grill (CMG), Tesla (TSLA), BlackRock (BLK), Walt Disney (DIS), Intuitive Surgical (ISRG), Mastercard (MA) and Boeing (BA).

Boston Beer trades on the New York Stock Exchange (NYSE) under the ticker symbol "SAM."

Boston Beer's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (12.26%), BlackRock Inc. (6.76%), Champlain Investment Partners LLC (2.13%), State Street Corp (2.12%), Bank of New York Mellon Corp (1.09%) and Fisher Asset Management LLC (1.07%). Insiders that own company stock include Annette N Fritsch, Bryant R Riley, C James Koch, Carolyn L O'boyle, Cormorant Asset Management, Lp, Cynthia A Fisher, David A Burwick, David L Grinnell, David L Grinnell, Frank H Smalla, Jean Michel Valette, John C Geist, John C Geist, Lesya Lysyj, Mark A Turner, Quincy B Troupe, Quincy B Troupe, Samuel A Calagione III and Tara L Heath.
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Shares of SAM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SAM stock can currently be purchased for approximately $339.27.

Boston Beer (NYSE:SAM) has a market capitalization of $4.16 billion and generates $2.09 billion in revenue each year. The company earns $67.26 million in net income (profit) each year or $4.86 on an earnings per share basis.

The company employs 2,679 workers across the globe.

Boston Beer's mailing address is ONE DESIGN CENTER PLACE SUITE 850, BOSTON MA, 02210. The official website for the company is www.bostonbeer.com. The company can be reached via phone at (617) 368-5000 or via fax at 617-368-5500.