The Boston Beer Company, Inc. (NYSE:SAM) Stock Has Average Price Target of $205.09

The Boston Beer Company, Inc. (NYSE:SAM) has been given an average recommendation of “Reduce” by the twelve research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $205.09.

A number of equities research analysts have recently weighed in on SAM shares. The Goldman Sachs Group cut their price target on Boston Beer from $192.00 to $169.00 and set a “sell” rating on the stock in a report on Wednesday, July 8th. Royal Bank Of Canada decreased their price objective on Boston Beer from $210.00 to $190.00 and set a “sector perform” rating for the company in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft set a $176.00 price objective on Boston Beer in a report on Friday, July 24th. Zacks Research upgraded Boston Beer from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. Finally, Morgan Stanley set a $190.00 target price on Boston Beer and gave the company an “equal weight” rating in a research note on Friday, July 24th.

Boston Beer Stock Up 0.8%

Shares of NYSE:SAM opened at $180.64 on Thursday. The company’s 50-day moving average price is $174.59 and its 200 day moving average price is $188.74. The company has a market cap of $1.88 billion, a PE ratio of -26.60 and a beta of 0.82. Boston Beer has a fifty-two week low of $158.68 and a fifty-two week high of $264.46.

Boston Beer (NYSE:SAM) last posted its earnings results on Thursday, July 23rd. The company reported $3.65 EPS for the quarter, missing the consensus estimate of $4.83 by ($1.18). Boston Beer had a positive return on equity of 9.99% and a negative net margin of 3.42%. The firm had revenue of $568.34 million during the quarter, compared to the consensus estimate of $566.68 million. During the same quarter last year, the company posted $5.45 EPS. Boston Beer’s revenue for the quarter was down 3.3% on a year-over-year basis. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, equities analysts anticipate that Boston Beer will post 8.99 EPS for the current year.

Hedge Funds Weigh In On Boston Beer

Several large investors have recently bought and sold shares of SAM. Odyssean LLC grew its position in Boston Beer by 152.3% in the second quarter. Odyssean LLC now owns 16,344 shares of the company’s stock worth $2,893,000 after buying an additional 9,867 shares during the last quarter. Quantedge Capital Pte Ltd acquired a new stake in shares of Boston Beer during the 1st quarter valued at $2,396,000. Engineers Gate Manager LP lifted its position in shares of Boston Beer by 367.2% during the 2nd quarter. Engineers Gate Manager LP now owns 9,610 shares of the company’s stock valued at $1,701,000 after acquiring an additional 7,553 shares during the last quarter. Gotham Asset Management LLC lifted its position in shares of Boston Beer by 16.7% during the 4th quarter. Gotham Asset Management LLC now owns 248,910 shares of the company’s stock valued at $48,570,000 after acquiring an additional 35,644 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Boston Beer by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 273,612 shares of the company’s stock worth $63,040,000 after acquiring an additional 15,611 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 is a craft brewing and alcoholic beverage company founded in 1984 by Jim Koch and headquartered in Boston, Massachusetts. The company is best known for Samuel Adams Boston Lager, which helped establish its reputation as one of the early leaders of the modern American craft beer movement.

Boston Beer develops, produces and sells a broad portfolio of beverages, including beers, hard seltzers, ciders, flavored malt beverages and ready-to-drink products. Its brands include Samuel Adams, Truly Hard Seltzer, Twisted Tea, Angry Orchard and Dogfish Head.