NYSE:SAM

Boston Beer (SAM) Stock Forecast, Price & News

$378.31

+6.38 (+1.72%)

(As of 09/22/2023 ET)

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Today's Range: $371.51
▼
$379.31
50-Day Range: $300.59
▼
$380.40
52-Week Range: $296.27
▼
$422.75

Volume: 102,457 shs
Average Volume: 131,797 shs
Market Capitalization: $4.63 billion

P/E Ratio: 71.79
Dividend Yield: N/A
Price Target: $319.64

Boston Beer MarketRank™ Forecast

Analyst Rating: Reduce
1.87 Rating Score
Upside/Downside: 15.5% Downside
$319.64 Price Target
Short Interest: Healthy
3.75% of Float Sold Short
Dividend Strength: N/A
Sustainability: -2.52
Upright™ Environmental Score
News Sentiment: 1.07
Based on 9 Articles This Week
Insider Trading: Selling Shares
$5.91 M Sold Last Quarter
Proj. Earnings Growth: 34.90%
From $7.68 to $10.36 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Consumer Staples Sector

50th out of 123 stocks

Malt Beverages Industry

3rd out of 3 stocks

1.9

Analyst's Opinion

Consensus Rating
Boston Beer has received a consensus rating of Reduce. The company's average rating score is 1.87, and is based on 3 buy ratings, 7 hold ratings, and 5 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $319.64, Boston Beer has a forecasted downside of 15.5% from its current price of $378.31.
Amount of Analyst Coverage
Boston Beer has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
3.75% of the float of Boston Beer has been sold short.
Short Interest Ratio / Days to Cover
Boston Beer has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Boston Beer has recently decreased by 14.45%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Boston Beer does not currently pay a dividend.
Dividend Growth
Boston Beer does not have a long track record of dividend growth.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Boston Beer has received a -202.82% net impact score from Upright. The largest negative impact of Boston Beer in category "Physical diseases" seems to be driven mostly by its "Beer in a glass bottle made of virgin materials", "Beer in a can made of virgin materials", and "Vodka-based premixed drinks" products. See details.
Environmental Sustainability
The Environmental Impact score for Boston Beer is -2.52.

3.4

News and Social Media Coverage

News Sentiment
Boston Beer has a news sentiment score of 1.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Consumer Staples companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Boston Beer this week, compared to 7 articles on an average week.
Search Interest
Only 5 people have searched for SAM on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
4 people have added Boston Beer to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Boston Beer insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,911,038.00 in company stock.
Percentage Held by Insiders
23.30% of the stock of Boston Beer is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
64.10% of the stock of Boston Beer is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Boston Beer are expected to grow by 34.90% in the coming year, from $7.68 to $10.36 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Boston Beer is 71.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Boston Beer is 71.79, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 19.57.
Price to Earnings Growth Ratio
Boston Beer has a PEG Ratio of 1.83. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Boston Beer has a P/B Ratio of 4.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Boston Beer (NYSE:SAM) Stock

The Boston Beer Company, Inc. engages in the production and sale of 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 Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, and Havana Lager brand names. The company markets and sells its products to a network of approximately 400 wholesalers in the United States, as well as international wholesalers, importers, or other agencies that in turn sell to retailers, such as grocery stores, club stores, convenience stores, liquor stores, bars, restaurants, stadiums, and other retail outlets. The Boston Beer Company, Inc. also sells its products in Canada, Europe, Israel, Australia, New Zealand, the Caribbean, the Pacific Rim, Mexico, and Central and South America. The Boston Beer Company, Inc. was founded in 1984 and is based in Boston, Massachusetts.

SAM Price History

30 days | 90 days | 365 days | Advanced Chart

SAM Stock News Headlines

September 20, 2023 | msn.com

How to celebrate Oktoberfest at Boston-area breweries

September 20, 2023 | finance.yahoo.com

12 Best Alcohol Stocks to Own According to Hedge Funds

September 22, 2023 | Behind the Markets (Ad)

AI Creates New Cancer Drug - In Just 30 Days!

On December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...

September 20, 2023 | finance.yahoo.com

SUMMER AND SELTZER SEASON LIVE ON! TRULY HARD SELTZER CELEBRATES RETURN OF FAN-FAVORITE FLAVOR, TRULY ROSÉ, IN NEWEST LIMITED RELEASE

September 20, 2023 | msn.com

The Complete Guide To Oktoberfest Beer

September 19, 2023 | finance.yahoo.com

The Boston Beer Company, Inc. (NYSE:SAM) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?

September 16, 2023 | americanbankingnews.com

The Boston Beer Company, Inc. (NYSE:SAM) Receives Average Recommendation of "Reduce" from Brokerages

September 16, 2023 | msn.com

15 Best Types Of Beer To Use In Batter

September 22, 2023 | UNKNOWN (Ad)

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September 15, 2023 | msn.com

Beer, cider at The Big E: Where can I find it and what will it cost me?

September 15, 2023 | msn.com

Frasier Reboot Answers A Big Cheers Question 30 Years Later

September 14, 2023 | bizjournals.com

Business as usual?

September 13, 2023 | seekingalpha.com

Boston Beer: Needs To Brew Stronger Financials

September 12, 2023 | msn.com

Beer shocker: Consumption is holding up and one-year returns are solid

September 12, 2023 | finance.yahoo.com

Boston Beer Stock Brews Turnaround, Flashes Fresh Strength

September 10, 2023 | uk.finance.yahoo.com

The Boston Beer Company, Inc. (SAM)

September 8, 2023 | markets.businessinsider.com

Boston Beer's Next Few Months Are Crucial: Analyst On Investment Impact And Guidance Midpoint

September 8, 2023 | finance.yahoo.com

Here’s Why You Should Invest in The Boston Beer Company (SAM)

September 5, 2023 | finance.yahoo.com

20 Best Craft Breweries in America

August 31, 2023 | msn.com

Old Meets New: Behind Jack's Abby's Collaboration With Weihenstephan

August 31, 2023 | benzinga.com

Boston Beer Exec Wants To Turn Time-Tested Liquor Logic Into Cannabis Retail Gold

August 31, 2023 | finance.yahoo.com

Why Is Molson Coors (TAP) Down 6.3% Since Last Earnings Report?

August 25, 2023 | msn.com

Cape Community College Appoints Boston Beer Co. Manager As Trustee

August 25, 2023 | axios.com

A guide to Boston's Tourist Traps

August 22, 2023 | msn.com

Nielsen reads: Spirits outpace beer again, soda stays strong and Celsius dominates in energy drinks

August 21, 2023 | msn.com

Cancer won't keep Massachusetts sour beer brewer from chasing his dream

August 17, 2023 | bizjournals.com

Samuel Adams, Accion program reaches $100 million in small-business loans

See More Headlines

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SAM Company Calendar

Last Earnings: 7/27/2023
Today: 9/22/2023
Next Earnings (Estimated): 10/19/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Malt beverages
Sub-Industry: Brewers
Sector: Consumer Staples
Current Symbol: NYSE:SAM
CUSIP: 10055710
CIK: 949870
Web: www.bostonbeer.com
Phone: (617) 368-5000
Fax: 617-368-5500
Employees: 2,679
Year Founded: 1984

Price Target and Rating

Average Stock Price Forecast: $319.64
High Stock Price Forecast: $386.00
Low Stock Price Forecast: $251.00
Forecasted Upside/Downside: -15.5%
Consensus Rating: Reduce
Rating Score (0-4): 1.87
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.27
Trailing P/E Ratio: 71.79
Forward P/E Ratio: 49.26
P/E Growth: 1.83
Net Income: $67.26 million
Net Margins: 3.06%
Pretax Margin: 4.27%
Return on Equity: 7.94%
Return on Assets: 5.81%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.97
Quick Ratio: 1.38

Sales & Book Value

Annual Sales: $2.09 billion
Price / Sales: 2.22
Cash Flow: $16.19 per share
Price / Cash Flow: 23.36
Book Value: $86.83 per share
Price / Book: 4.36

Miscellaneous

Outstanding Shares: 12,240,000
Free Float: 9,385,000
Market Cap: $4.63 billion
Optionable: Optionable
Beta: 1.06

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Key Executives

Mr. David A. Burwick (Age 61)
Pres, CEO & Director
Comp: $848.58k

Mr. John C. Geist (Age 63)
Chief Sales Officer
Comp: $755.61k

Ms. Lesya Lysyj (Age 60)
Chief Marketing Officer
Comp: $627.67k

Ms. Carolyn L. O'Boyle (Age 44)
Chief People Officer
Comp: $637.37k

Mr. C. James Koch (Age 73)
Founder & Chairman

Mr. Samuel A. Calagione III (Age 53)
Founder, Brewer of Dogfish Head & Director

Mr. Diego Reynoso
CFO & Treasurer

Mr. Matthew Donal Murphy (Age 54)
Chief Accounting Officer & VP of Fin.

Ms. Tara L. Heath (Age 48)
Chief Legal Officer & Gen. Counsel

Mr. Paul Weaver
Director & Head of Cannabis

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SAM Stock - Frequently Asked Questions

Should I buy or sell Boston Beer stock right now?: 15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Boston Beer in the last year. There are currently 5 sell ratings, 7 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" SAM shares.
View SAM analyst ratings or view top-rated stocks.
What is Boston Beer's stock price forecast for 2023?: 15 equities research analysts have issued 1-year price targets for Boston Beer's shares. Their SAM share price forecasts range from $251.00 to $386.00. On average, they expect the company's stock price to reach $319.64 in the next year. This suggests that the stock has a possible downside of 15.5%.
View analysts price targets for SAM or view top-rated stocks among Wall Street analysts.
How have SAM shares performed in 2023?: Boston Beer's stock was trading at $329.52 at the beginning of 2023. Since then, SAM stock has increased by 14.8% and is now trading at $378.31.
View the best growth stocks for 2023 here.
When is Boston Beer's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our SAM earnings forecast.
How were Boston Beer's earnings last quarter?: The Boston Beer Company, Inc. (NYSE:SAM) released its earnings results on Thursday, July, 27th. The company reported $4.72 earnings per share for the quarter, beating analysts' consensus estimates of $3.45 by $1.27. The company had revenue of $603.30 million for the quarter, compared to analysts' expectations of $590.03 million. Boston Beer had a trailing twelve-month return on equity of 7.94% and a net margin of 3.06%. Boston Beer's quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $4.31 EPS.
What ETFs hold Boston Beer's stock?: ETFs with the largest weight of Boston Beer (NYSE:SAM) stock in their portfolio include Aztlan Global Stock Selection DM SMID ETF (AZTD), B.A.D. Etf (BAD), VanEck Morningstar SMID Moat ETF (SMOT), American CenturyFocused Dynamic Growth ETF (FDG) and Natixis U.S. Equity Opportunities ETF (EQOP).iShares U.S. Consumer Staples ETF (IYK).
What guidance has Boston Beer issued on next quarter's earnings?: Boston Beer updated its FY23 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of $6.00-$10.00 for the period, compared to the consensus estimate of $7.03.
What is Dave Burwick's approval rating as Boston Beer's CEO?: 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.

What other stocks do shareholders of Boston Beer own?: 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).
What is Boston Beer's stock symbol?: Boston Beer trades on the New York Stock Exchange (NYSE) under the ticker symbol "SAM."
Who are Boston Beer's major shareholders?: Boston Beer's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.74%), State Street Corp (2.14%), Baird Financial Group Inc. (1.28%), Geode Capital Management LLC (1.13%), Southernsun Asset Management LLC (1.09%) and Bank of New York Mellon Corp (1.08%). 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, Jean Michel Valette, John C Geist, John C Geist, Mark A Turner, Quincy B Troupe, Quincy B Troupe, Samuel A Calagione III and Tara L Heath.
View institutional ownership trends.
How do I buy shares of Boston Beer?: 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.
Compare Top Brokerages Here.
What is Boston Beer's stock price today?: One share of SAM stock can currently be purchased for approximately $378.31.
How much money does Boston Beer make?: Boston Beer (NYSE:SAM) has a market capitalization of $4.63 billion and generates $2.09 billion in revenue each year. The company earns $67.26 million in net income (profit) each year or $5.27 on an earnings per share basis.
How many employees does Boston Beer have?: The company employs 2,679 workers across the globe.
Does Boston Beer have any subsidiaries?: The following companies are subsidiares of Boston Beer: A&S Brewing Collaborative LLC, American Craft Brewery LLC, American Fermentation Company LLC, Angry Orchard Cider Company LLC, Boston Beer Corporation, Boston Beer Corporation Canada Inc., Boston Brewing Company Inc., Canoe Acquisition Corp., Dogfish CVI LLC, Dogfish Head Brewery, Dogfish Head Companies LLC, Dogfish Head Craft Brewery LLC, Dogfish Head LLC, Dogfish Head Land Holdings LLC, Dogfish Head MTSpace LLC, Dogfish Head Marketing LLC, Dogfish Inn LLC, Dogfish Properties LLC, Freetown Acquisition Company LLC, Hard Seltzer Beverage Company LLC, Lazy River Cider Co. LLC, Marathon Brewing Company LLC, Off Centered Way LLC, Providence Street Associates LLC, SABC Realty Ltd., and TM on Hold LLC.
Read More
How can I contact Boston Beer?: 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.

This page (NYSE:SAM) was last updated on 9/22/2023 by MarketBeat.com Staff

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