The Boston Beer Company, Inc. (NYSE:SAM) Receives $248.37 Consensus Price Target from Analysts

The Boston Beer Company, Inc. (NYSE:SAM) has received a consensus rating of “Reduce” from the thirteen research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $247.2818.

A number of equities analysts recently issued reports on the company. Jefferies Financial Group decreased their price objective on Boston Beer from $230.00 to $225.00 and set a “hold” rating for the company in a report on Tuesday, September 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boston Beer in a research report on Wednesday, October 8th. UBS Group decreased their price target on Boston Beer from $246.00 to $234.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Piper Sandler cut their price objective on shares of Boston Beer from $230.00 to $220.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Finally, Citigroup decreased their target price on shares of Boston Beer from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th.

Insiders Place Their Bets

In other news, Director Michael Spillane sold 3,120 shares of Boston Beer stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $205.78, for a total transaction of $642,033.60. Following the transaction, the director directly owned 10,877 shares in the company, valued at approximately $2,238,269.06. This trade represents a 22.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 26.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Boston Beer

Large investors have recently made changes to their positions in the business. RHS Financial LLC raised its holdings in shares of Boston Beer by 18.4% in the 4th quarter. RHS Financial LLC now owns 1,961 shares of the company’s stock worth $383,000 after purchasing an additional 305 shares in the last quarter. BCGM Wealth Management LLC increased its holdings in shares of Boston Beer by 1.2% in the fourth quarter. BCGM Wealth Management LLC now owns 9,605 shares of the company’s stock valued at $1,874,000 after buying an additional 114 shares in the last quarter. RK Asset Management LLC increased its holdings in shares of Boston Beer by 5.1% in the fourth quarter. RK Asset Management LLC now owns 19,994 shares of the company’s stock valued at $3,901,000 after buying an additional 979 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Boston Beer by 0.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,398 shares of the company’s stock valued at $4,735,000 after acquiring an additional 147 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Boston Beer by 61.6% during the 3rd quarter. Allworth Financial LP now owns 913 shares of the company’s stock worth $193,000 after acquiring an additional 348 shares in the last quarter. Institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Performance

SAM stock opened at $206.70 on Tuesday. Boston Beer has a 1 year low of $185.34 and a 1 year high of $260.00. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 1.51 and a beta of 1.04. The stock’s fifty day moving average is $199.41 and its two-hundred day moving average is $209.15.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $4.25 earnings per share for the quarter, beating the consensus estimate of $3.78 by $0.47. The firm had revenue of $537.49 million for the quarter, compared to the consensus estimate of $542.97 million. Boston Beer had a net margin of 4.38% and a return on equity of 12.29%. Boston Beer’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same period last year, the firm posted $2.86 EPS. Boston Beer has set its FY 2025 guidance at 7.800-9.800 EPS. As a group, analysts predict that Boston Beer will post 9.29 EPS for the current fiscal year.

About Boston Beer

The Boston Beer Company, Inc (NYSE: SAM) is a leading craft brewer headquartered in Boston, Massachusetts. Since its founding in 1984 by Jim Koch, the company has focused on producing high-quality, distinctive beers and beverages for retail, on-premise, and distribution partners across the United States. Its operations include brewing, packaging, marketing and distribution, supported by a network of wholly owned brewing facilities and strategic partnerships with regional breweries.

Boston Beer’s flagship brand, Samuel Adams Boston Lager, helped establish the modern U.S.