Boston Beer (NYSE:SAM) Stock Rating Lowered by Wall Street Zen

Boston Beer (NYSE:SAM) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

SAM has been the topic of a number of other reports. Morgan Stanley dropped their target price on Boston Beer from $235.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Wednesday. UBS Group lowered their target price on Boston Beer from $250.00 to $245.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Jefferies Financial Group set a $230.00 target price on Boston Beer in a report on Friday, May 1st. Weiss Ratings lowered Boston Beer from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $233.00 price objective on shares of Boston Beer in a report on Friday, May 1st. Ten equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $235.64.

Boston Beer Price Performance

NYSE:SAM opened at $197.68 on Friday. The business’s 50-day moving average is $233.64 and its two-hundred day moving average is $218.59. Boston Beer has a 12 month low of $185.34 and a 12 month high of $264.46. The firm has a market capitalization of $2.06 billion, a PE ratio of -31.38, a price-to-earnings-growth ratio of 2.54 and a beta of 0.88.

Boston Beer (NYSE:SAM) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.32). Boston Beer had a negative net margin of 2.96% and a positive return on equity of 12.08%. The company had revenue of $433.93 million during the quarter, compared to analysts’ expectations of $436.06 million. During the same period last year, the business earned $2.16 earnings per share. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. Equities analysts anticipate that Boston Beer will post 9.77 EPS for the current year.

Institutional Trading of Boston Beer

A number of hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its holdings in shares of Boston Beer by 18.0% in the first quarter. PNC Financial Services Group Inc. now owns 439 shares of the company’s stock valued at $101,000 after purchasing an additional 67 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Boston Beer during the first quarter worth $209,000. Dimensional Fund Advisors LP increased its position in Boston Beer by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 273,612 shares of the company’s stock worth $63,040,000 after buying an additional 15,611 shares during the last quarter. Parallel Advisors LLC increased its position in Boston Beer by 67.3% during the first quarter. Parallel Advisors LLC now owns 843 shares of the company’s stock worth $194,000 after buying an additional 339 shares during the last quarter. Finally, Kera Capital Partners Inc. acquired a new position in Boston Beer during the first quarter worth $369,000. Hedge funds and other institutional investors 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.