Boston Beer (NYSE:SAM) Trading Up 4.5% – What’s Next?

Shares of The Boston Beer Company, Inc. (NYSE:SAM) rose 4.5% on Thursday . The stock traded as high as $170.41 and last traded at $169.6040. Approximately 88,066 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 235,336 shares. The stock had previously closed at $162.33.

Wall Street Analyst Weigh In

SAM has been the topic of several recent analyst reports. Roth Capital reaffirmed a “buy” rating and set a $295.00 price objective (down from $315.00) on shares of Boston Beer in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft set a $176.00 target price on Boston Beer in a research report on Friday, July 24th. Royal Bank Of Canada dropped their price target on shares of Boston Beer from $234.00 to $210.00 and set a “sector perform” rating on the stock in a report on Friday, July 24th. Citigroup decreased their price objective on shares of Boston Beer from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Finally, Morgan Stanley set a $190.00 target price on shares of Boston Beer and gave the stock an “equal weight” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $206.91.

Boston Beer Trading Up 1.7%

The company’s 50 day moving average price is $179.32 and its two-hundred day moving average price is $198.82. The firm has a market cap of $1.79 billion, a PE ratio of -25.38 and a beta of 0.83.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data 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 company had revenue of $568.34 million during the quarter, compared to analysts’ expectations of $566.68 million. During the same quarter last year, the company earned $5.45 earnings per share. The company’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. Equities research analysts expect that The Boston Beer Company, Inc. will post 8.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System grew its stake in shares of Boston Beer by 15,014.9% during the 2nd quarter. California State Teachers Retirement System now owns 1,507,410 shares of the company’s stock valued at $266,857,000 after acquiring an additional 1,497,437 shares during the period. AQR Capital Management LLC lifted its holdings in 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 purchasing an additional 500,120 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Boston Beer by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 273,612 shares of the company’s stock valued at $63,040,000 after purchasing an additional 15,611 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Boston Beer by 5.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 271,516 shares of the company’s stock worth $52,981,000 after purchasing an additional 13,113 shares during the period. Finally, Gotham Asset Management LLC increased its stake in shares of Boston Beer by 16.7% in the fourth quarter. Gotham Asset Management LLC now owns 248,910 shares of the company’s stock worth $48,570,000 after purchasing an additional 35,644 shares in the last quarter. 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.