Boston Beer (NYSE:SAM) Trading Up 5% – Here’s What Happened

Shares of The Boston Beer Company, Inc. (NYSE:SAM) rose 5% during mid-day trading on Tuesday . The stock traded as high as $186.25 and last traded at $188.82. Approximately 5,511 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 230,744 shares. The stock had previously closed at $179.82.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Zacks Research raised Boston Beer from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 23rd. Sanford C. Bernstein cut their price target on shares of Boston Beer from $218.00 to $210.00 and set a “market perform” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings cut shares of Boston Beer from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $233.00 price target on shares of Boston Beer in a research report on Friday, May 1st. Finally, Evercore set a $240.00 price objective on shares of Boston Beer in a report on Friday, May 1st. Ten investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $240.50.

Boston Beer Stock Performance

The company has a 50 day moving average of $186.30 and a 200 day moving average of $211.43. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -29.48, a PEG ratio of 2.36 and a beta of 0.78.

Boston Beer (NYSE:SAM) last posted its quarterly earnings results 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). 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 analyst estimates of $436.06 million. During the same period in the prior year, the business earned $2.16 EPS. Boston Beer’s revenue for the quarter was down 4.4% on a year-over-year basis. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, research analysts expect that The Boston Beer Company, Inc. will post 9.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Boston Beer by 340.4% in the 3rd quarter. AQR Capital Management LLC now owns 647,060 shares of the company’s stock valued at $136,801,000 after purchasing an additional 500,120 shares in 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 worth $45,089,000 after purchasing an additional 201,752 shares in the last quarter. Quantinno Capital Management LP increased its holdings in Boston Beer by 155.2% in the first quarter. Quantinno Capital Management LP now owns 230,587 shares of the company’s stock valued at $53,127,000 after buying an additional 140,247 shares during the last quarter. Woodson Capital Management LP acquired a new position in shares of Boston Beer during the 4th quarter worth about $19,513,000. Finally, Vanguard Group Inc. increased its holdings in shares of Boston Beer by 9.4% in the 4th quarter. Vanguard Group Inc. now owns 1,039,184 shares of the company’s stock valued at $202,776,000 after acquiring an additional 89,053 shares during 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.