Boston Beer (NYSE:SAM) Reaches New 12-Month Low – Here’s What Happened

The Boston Beer Company, Inc. (NYSE:SAM)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $183.01 and last traded at $185.2440, with a volume of 65950 shares changing hands. The stock had previously closed at $188.54.

Analyst Ratings Changes

A number of research firms recently issued reports on SAM. Citigroup decreased their price objective on Boston Beer from $270.00 to $250.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Evercore set a $240.00 price target on shares of Boston Beer in a research note on Friday, May 1st. Roth Mkm set a $315.00 price objective on shares of Boston Beer in a report on Friday, May 1st. Sanford C. Bernstein cut their price objective on shares of Boston Beer from $218.00 to $210.00 and set a “market perform” rating on the stock in a research report on Tuesday, May 5th. Finally, Zacks Research upgraded shares of Boston Beer from a “strong sell” rating to a “hold” rating in a report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $235.64.

Boston Beer Price Performance

The firm has a 50-day moving average of $232.48 and a 200 day moving average of $218.22. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of -29.51, a PEG ratio of 2.54 and a beta of 0.88.

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

Institutional Investors Weigh In On Boston Beer

A number of large investors have recently added to or reduced their stakes in the stock. Quent Capital LLC bought a new position in Boston Beer during the 3rd quarter worth $27,000. Ascentis Independent Advisors acquired a new stake in shares of Boston Beer during the 1st quarter worth $37,000. Flagship Harbor Advisors LLC bought a new position in shares of Boston Beer in the fourth quarter worth $35,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Boston Beer by 154.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock worth $49,000 after purchasing an additional 141 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in Boston Beer by 4,780.0% in the third quarter. CIBC Private Wealth Group LLC now owns 244 shares of the company’s stock valued at $52,000 after purchasing an additional 239 shares in the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Company Profile

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.