Analysts Set The Boston Beer Company, Inc. (NYSE:SAM) PT at $233.31

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have received an average recommendation of “Reduce” from the thirteen research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation and ten have given a hold recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $233.31.

A number of equities research analysts have issued reports on the company. Citigroup boosted their price target on Boston Beer from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. UBS Group cut their price objective on Boston Beer from $234.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Weiss Ratings lowered Boston Beer from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, February 25th. Morgan Stanley decreased their target price on Boston Beer from $245.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday, February 25th. Finally, Zacks Research lowered shares of Boston Beer from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th.

Boston Beer Stock Up 0.7%

NYSE:SAM opened at $232.88 on Wednesday. The company has a market cap of $2.48 billion, a P/E ratio of 23.91, a P/E/G ratio of 2.52 and a beta of 1.00. The firm’s 50 day moving average is $221.33 and its two-hundred day moving average is $214.37. Boston Beer has a fifty-two week low of $185.34 and a fifty-two week high of $260.00.

Boston Beer (NYSE:SAM) last released its quarterly earnings data on Tuesday, February 24th. The company reported ($2.12) EPS for the quarter, topping analysts’ consensus estimates of ($2.33) by $0.21. Boston Beer had a return on equity of 12.16% and a net margin of 5.20%.The business had revenue of $385.68 million during the quarter, compared to the consensus estimate of $381.75 million. During the same period in the prior year, the firm posted ($1.68) EPS. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. 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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Calamos Advisors LLC lifted its position in shares of Boston Beer by 12.1% during the third quarter. Calamos Advisors LLC now owns 65,364 shares of the company’s stock worth $13,819,000 after purchasing an additional 7,035 shares in the last quarter. Savoir Faire Capital Management L.P. grew its holdings in Boston Beer by 28.4% during the 3rd 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. Savant Capital LLC acquired a new stake in Boston Beer during the 3rd quarter valued at $2,030,000. Acadian Asset Management LLC purchased a new stake in Boston Beer during the 2nd quarter worth $12,795,000. Finally, SG Americas Securities LLC lifted its holdings in Boston Beer by 835.1% in the 3rd quarter. SG Americas Securities LLC now owns 5,667 shares of the company’s stock worth $1,198,000 after buying an additional 5,061 shares in the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

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.