Boston Beer - SAM Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boston Beer in the last twelve months. There are currently 5 sell ratings, 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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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15 analysts have issued 12-month price objectives for Boston Beer's stock. Their SAM share price forecasts range from $251.00 to $520.00. On average, they predict the company's stock price to reach $351.47 in the next twelve months. This suggests that the stock has a possible downside of 15.7%.
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Boston Beer's stock was trading at $329.52 at the beginning of 2023. Since then, SAM shares have increased by 26.5% and is now trading at $417.00.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Boston Beer will be holding an earnings conference call on Wednesday, February 15th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

The Boston Beer Company, Inc. (NYSE:SAM) posted its quarterly earnings data on Wednesday, October, 20th. The company reported ($1.87) EPS for the quarter, missing the consensus estimate of $4.60 by $6.47. The firm had revenue of $561.64 million for the quarter, compared to the consensus estimate of $496.90 million. Boston Beer had a net margin of 1.31% and a trailing twelve-month return on equity of 9.55%. During the same period in the prior year, the business posted $6.10 earnings per share.

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 number of institutional and retail investors. Top institutional shareholders include QV Investors Inc. (0.25%), Kornitzer Capital Management Inc. KS (0.15%), New York State Teachers Retirement System (0.12%), Simplex Trading LLC (0.00%), State of New Jersey Common Pension Fund D (0.05%) and Bank of Montreal Can (0.04%). 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 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, Matthew Donal Murphy, 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 $417.00.

Boston Beer (NYSE:SAM) has a market capitalization of $5.13 billion and generates $2.06 billion in revenue each year. The company earns $14.55 million in net income (profit) each year or $2.14 on an earnings per share basis.

The company employs 2,543 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.