Analysts Set The Boston Beer Company, Inc. (NYSE:SAM) Target Price at $235.64

Shares of The Boston Beer Company, Inc. (NYSE:SAM) have earned an average recommendation of “Reduce” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $235.6364.

SAM has been the subject of a number of recent research reports. Roth Mkm set a $315.00 price target on shares of Boston Beer in a research report on Friday, May 1st. UBS Group reduced their price target on shares of Boston Beer from $250.00 to $245.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Royal Bank Of Canada reduced their price target on shares of Boston Beer from $245.00 to $242.00 and set a “sector perform” rating for the company in a research report on Friday, May 1st. Evercore set a $240.00 price target on shares of Boston Beer in a research report on Friday, May 1st. Finally, Wall Street Zen raised shares of Boston Beer from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd.

Boston Beer Stock Down 1.7%

Shares of Boston Beer stock opened at $179.50 on Friday. The firm has a market capitalization of $1.87 billion, a P/E ratio of -28.49, a PEG ratio of 2.35 and a beta of 0.79. The company has a 50 day moving average price of $205.02 and a 200 day moving average price of $213.18. Boston Beer has a 52 week low of $158.68 and a 52 week high of $264.46.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.64 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $436.06 million. During the same period in the previous year, the business earned $2.16 earnings per share. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, research analysts anticipate that Boston Beer will post 9.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boston Beer

A number of institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its position in Boston Beer by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 8,414 shares of the company’s stock worth $1,605,000 after buying an additional 57 shares during the last quarter. Great Valley Advisor Group Inc. increased its holdings in shares of Boston Beer by 5.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,192 shares of the company’s stock valued at $227,000 after purchasing an additional 60 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Boston Beer by 18.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 439 shares of the company’s stock valued at $101,000 after purchasing an additional 67 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Boston Beer by 23.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 423 shares of the company’s stock valued at $97,000 after purchasing an additional 80 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Boston Beer by 28.2% during the 3rd quarter. US Bancorp DE now owns 386 shares of the company’s stock valued at $82,000 after purchasing an additional 85 shares in the last quarter. 81.13% of the stock is owned by hedge funds and other 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.