Boston Beer - SAM Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Boston Beer in the last year. There are currently 6 sell ratings, 9 hold ratings and 2 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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17 brokers have issued 12-month target prices for Boston Beer's stock. Their SAM share price forecasts range from $251.00 to $520.00. On average, they predict the company's share price to reach $333.13 in the next year. This suggests a possible upside of 2.4% from the stock's current price.
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Boston Beer's stock was trading at $329.52 on January 1st, 2023. Since then, SAM stock has decreased by 1.3% and is now trading at $325.37.
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Boston Beer saw a drop in short interest in March. As of March 15th, there was short interest totaling 410,000 shares, a drop of 26.1% from the February 28th total of 555,100 shares. Based on an average daily trading volume, of 150,000 shares, the short-interest ratio is currently 2.7 days. Currently, 4.3% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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Boston Beer will be holding an earnings conference call on Thursday, April 27th 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 earnings results on Wednesday, February, 15th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by $1.65. The business had revenue of $447.53 million for the quarter, compared to the consensus estimate of $392.76 million. Boston Beer had a trailing twelve-month return on equity of 8.36% and a net margin of 3.12%. The company's quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.09) EPS.

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), First Trust Nasdaq Food & Beverage ETF (FTXG), VanEck Morningstar SMID Moat ETF (SMOT), Natixis U.S. Equity Opportunities ETF (EQOP), Fidelity New Millennium ETF (FMIL), Syntax Stratified MidCap ETF (SMDY) and Motley Fool Next Index ETF (TMFX).

Boston Beer issued an update on its FY 2023 earnings guidance on Wednesday, February, 15th. The company provided earnings per share (EPS) guidance of $6.00-$10.00 for the period, compared to the consensus estimate of $11.02. 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 investors include T. Rowe Price Investment Management Inc. (10.08%), Baird Financial Group Inc. (1.33%), Fisher Asset Management LLC (1.13%), Geode Capital Management LLC (1.03%), Dimensional Fund Advisors LP (0.89%) and Susquehanna International Group LLP (0.00%). 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, 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 $325.37.

Boston Beer (NYSE:SAM) has a market capitalization of $4.00 billion and generates $2.09 billion in revenue each year. The company earns $67.26 million in net income (profit) each year or $5.43 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.