Boston Beer (NYSE:SAM) Cut to Sell at Wall Street Zen

Boston Beer (NYSE:SAM) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

A number of other research firms have also weighed in on SAM. Weiss Ratings lowered 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 issued a $233.00 target price on shares of Boston Beer in a research note on Friday, May 1st. Zacks Research upgraded Boston Beer from a “strong sell” rating to a “hold” rating in a report on Thursday, April 23rd. The Goldman Sachs Group lowered their price target on Boston Beer from $192.00 to $169.00 and set a “sell” rating for the company in a research report on Wednesday. Finally, Citigroup dropped their price target on shares of Boston Beer from $270.00 to $250.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Ten investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Boston Beer currently has a consensus rating of “Reduce” and a consensus price target of $234.00.

Boston Beer Trading Up 1.1%

SAM traded up $1.89 during midday trading on Friday, reaching $176.75. The company’s stock had a trading volume of 214,686 shares, compared to its average volume of 301,559. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of -28.06, a PEG ratio of 2.28 and a beta of 0.78. Boston Beer has a 1 year low of $158.68 and a 1 year high of $264.46. The stock’s 50-day moving average is $181.54 and its 200-day moving average is $210.76.

Boston Beer (NYSE:SAM) last announced its earnings results on Thursday, April 30th. The company reported $1.64 earnings per share 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 business had revenue of $433.93 million for the quarter, compared to the consensus estimate of $436.06 million. During the same period in the prior year, the business posted $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, equities research analysts forecast that Boston Beer will post 9.77 earnings per share for the current fiscal year.

Institutional Trading of Boston Beer

Several institutional investors have recently added to or reduced their stakes in SAM. Goldman Sachs Group Inc. lifted its holdings in shares of Boston Beer by 55.4% during the first quarter. Goldman Sachs Group Inc. now owns 62,051 shares of the company’s stock valued at $14,820,000 after purchasing an additional 22,129 shares in the last quarter. Empowered Funds LLC increased its holdings in Boston Beer by 8.8% in the 1st quarter. Empowered Funds LLC now owns 1,207 shares of the company’s stock worth $288,000 after buying an additional 98 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Boston Beer by 5.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,902 shares of the company’s stock worth $5,231,000 after buying an additional 1,067 shares in the last quarter. Cetera Investment Advisers raised its position in Boston Beer by 17.9% in the 2nd quarter. Cetera Investment Advisers now owns 1,653 shares of the company’s stock worth $315,000 after buying an additional 251 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Boston Beer by 41.5% in the 2nd quarter. First Trust Advisors LP now owns 15,657 shares of the company’s stock worth $2,988,000 after buying an additional 4,591 shares during the last quarter. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

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.