The Boston Beer Company, Inc. (SAM) – What Are Analysts Thinking About This Stock?

The Boston Beer Company, Inc. (NYSE:SAM) has received an average rating of “Reduce” from the twelve ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $205.09.

SAM has been the topic of several research reports. Zacks Research raised Boston Beer from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. The Goldman Sachs Group lowered their price target on Boston Beer from $192.00 to $169.00 and set a “sell” rating for the company in a research report on Wednesday, July 8th. Morgan Stanley set a $190.00 price target on Boston Beer and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Weiss Ratings restated a “sell (d)” rating on shares of Boston Beer in a report on Monday, August 3rd. Finally, UBS Group restated a “neutral” rating on shares of Boston Beer in a report on Friday, October 16th.

Boston Beer Stock Down 1.3%

SAM stock opened at $181.80 on Thursday. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -26.78 and a beta of 0.82. The stock’s fifty day simple moving average is $174.67 and its 200-day simple moving average is $187.34. Boston Beer has a 52-week low of $158.68 and a 52-week high of $264.46.

Boston Beer (NYSE:SAM) last released its earnings results on Thursday, July 23rd. The company reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.83 by ($1.18). The company had revenue of $568.34 million during the quarter, compared to analysts’ expectations of $566.68 million. Boston Beer had a negative net margin of 3.42% and a positive return on equity of 9.99%. Boston Beer’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.45 earnings per share. As a group, analysts anticipate that Boston Beer will post 8.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boston Beer

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Boston Beer by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 273,612 shares of the company’s stock valued at $63,040,000 after purchasing an additional 15,611 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Boston Beer by 155.2% during the 1st quarter. Quantinno Capital Management LP now owns 230,587 shares of the company’s stock worth $53,127,000 after purchasing an additional 140,247 shares during the last quarter. Gotham Asset Management LLC increased its holdings in Boston Beer by 16.7% during the 4th quarter. Gotham Asset Management LLC now owns 248,910 shares of the company’s stock worth $48,570,000 after purchasing an additional 35,644 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Boston Beer by 13.4% during the 1st quarter. Renaissance Technologies LLC now owns 93,779 shares of the company’s stock worth $21,607,000 after purchasing an additional 11,100 shares during the last quarter. Finally, Calamos Advisors LLC increased its holdings in Boston Beer by 2.1% during the 1st quarter. Calamos Advisors LLC now owns 66,749 shares of the company’s stock worth $15,379,000 after purchasing an additional 1,385 shares during the last quarter. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Company Profile

Boston Beer Company, Inc is an American beverage company that develops, produces, and sells alcoholic beverages. The company is best known for its Samuel Adams craft beer brand, which includes Boston Lager and a range of seasonal, specialty, and limited-release beers.

Its portfolio also includes Twisted Tea hard iced tea, Truly Hard Seltzer, Angry Orchard hard cider, and beverages associated with Dogfish Head, which Boston Beer acquired in 2019. The company offers products across several categories, including beer, flavored malt beverages, hard seltzer, and hard cider, with offerings distributed primarily through wholesalers, retailers, restaurants, and other on-premise establishments.

Founded in 1984 by Jim Koch, Boston Beer helped expand the U.S.