Boston Beer (NYSE:SAM) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Boston Beer (NYSE:SAM) from a hold rating to a sell rating in a research report report published on Saturday.

Other equities analysts have also issued reports about the stock. Zacks Research lowered shares of Boston Beer from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Morgan Stanley reduced their target price on shares of Boston Beer from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 25th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $245.00 target price on shares of Boston Beer in a research report on Friday, February 20th. UBS Group reduced their target price on shares of Boston Beer from $234.00 to $230.00 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Finally, Citigroup upped their target price on shares of Boston Beer from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Ten analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $226.30.

Boston Beer Trading Up 2.6%

Shares of SAM stock opened at $247.17 on Friday. Boston Beer has a 1 year low of $185.34 and a 1 year high of $260.00. The firm’s 50 day moving average is $231.04 and its 200-day moving average is $215.83. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 25.38, a PEG ratio of 2.64 and a beta of 0.90.

Boston Beer (NYSE:SAM) last announced its earnings results on Tuesday, February 24th. The company reported ($2.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.33) by $0.21. Boston Beer had a net margin of 5.20% and a return on equity of 12.16%. The company had revenue of $385.68 million for the quarter, compared to analyst estimates of $381.75 million. During the same period in the prior year, the business earned ($1.68) earnings per share. Boston Beer’s quarterly revenue was down 4.1% on a year-over-year basis. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. On average, equities research analysts forecast that Boston Beer will post 9.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boston Beer

Large investors have recently bought and sold shares of the business. Calamos Advisors LLC lifted its holdings in Boston Beer by 12.1% in the third quarter. Calamos Advisors LLC now owns 65,364 shares of the company’s stock valued at $13,819,000 after buying an additional 7,035 shares during the period. Savant Capital LLC acquired a new position in Boston Beer in the third quarter valued at approximately $2,030,000. Savoir Faire Capital Management L.P. increased its stake in Boston Beer by 28.4% in the third quarter. Savoir Faire Capital Management L.P. now owns 38,825 shares of the company’s stock valued at $8,208,000 after purchasing an additional 8,585 shares in the last quarter. American Century Companies Inc. increased its stake in Boston Beer by 35.7% in the third quarter. American Century Companies Inc. now owns 123,034 shares of the company’s stock valued at $26,012,000 after purchasing an additional 32,382 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Boston Beer by 835.1% in the third quarter. SG Americas Securities LLC now owns 5,667 shares of the company’s stock valued at $1,198,000 after purchasing an additional 5,061 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

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.