Boston Beer (NYSE:SAM) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Boston Beer (NYSE:SAM) from a strong sell rating to a hold rating in a research note published on Thursday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. UBS Group raised their price target on Boston Beer from $230.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, April 7th. Morgan Stanley lowered their price target on Boston Beer from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 25th. Citigroup raised their price target on Boston Beer from $230.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft lowered their price target on Boston Beer from $226.00 to $211.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Finally, Weiss Ratings downgraded Boston Beer from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 25th. Ten equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $232.30.

Boston Beer Stock Performance

Shares of SAM stock opened at $236.13 on Thursday. Boston Beer has a 52-week low of $185.34 and a 52-week high of $264.46. The company has a market capitalization of $2.47 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90. The business’s fifty day moving average is $234.93 and its 200 day moving average is $218.54.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Tuesday, February 24th. The company reported ($2.12) earnings per share (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 company had revenue of $385.68 million for the quarter, compared to the consensus estimate of $381.75 million. During the same quarter last year, the business posted ($1.68) earnings per share. The firm’s revenue was down 4.1% compared to the same quarter last year. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. On average, sell-side analysts forecast that Boston Beer will post 10.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SAM. AQR Capital Management LLC grew its stake in shares of Boston Beer by 340.4% during the third quarter. AQR Capital Management LLC now owns 647,060 shares of the company’s stock valued at $136,801,000 after buying an additional 500,120 shares during the last quarter. Gotham Asset Management LLC grew its stake in shares of Boston Beer by 1,752.2% during the third quarter. Gotham Asset Management LLC now owns 213,266 shares of the company’s stock valued at $45,089,000 after buying an additional 201,752 shares during the last quarter. Woodson Capital Management LP bought a new position in shares of Boston Beer during the fourth quarter valued at about $19,513,000. Vanguard Group Inc. grew its stake in shares of Boston Beer by 9.4% during the fourth quarter. Vanguard Group Inc. now owns 1,039,184 shares of the company’s stock valued at $202,776,000 after buying an additional 89,053 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of Boston Beer by 278.0% during the second quarter. Qube Research & Technologies Ltd now owns 112,507 shares of the company’s stock valued at $21,467,000 after buying an additional 82,742 shares during the last quarter. 81.13% of the stock is owned by institutional investors.

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.