Royal Bank Of Canada Has Lowered Expectations for Boston Beer (NYSE:SAM) Stock Price

Boston Beer (NYSE:SAM) had its target price decreased by investment analysts at Royal Bank Of Canada from $210.00 to $190.00 in a note issued to investors on Tuesday, Marketbeat reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 13.26% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. Sanford C. Bernstein reissued a “market perform” rating and issued a $195.00 target price on shares of Boston Beer in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft set a $176.00 price target on shares of Boston Beer in a research note on Friday, July 24th. Morgan Stanley set a $190.00 price objective on shares of Boston Beer and gave the company an “equal weight” rating in a research report on Friday, July 24th. Jefferies Financial Group lowered their price objective on shares of Boston Beer from $230.00 to $195.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $295.00 target price (down from $315.00) on shares of Boston Beer in a report on Friday, July 24th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $205.09.

Boston Beer Stock Performance

NYSE:SAM opened at $167.76 on Tuesday. The stock’s 50-day simple moving average is $175.81 and its 200 day simple moving average is $190.91. The company has a market cap of $1.75 billion, a P/E ratio of -24.71 and a beta of 0.82. Boston Beer has a 52-week low of $158.68 and a 52-week high of $264.46.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $3.65 EPS for the quarter, missing the consensus estimate of $4.83 by ($1.18). The company had revenue of $568.34 million for the quarter, compared to analyst estimates of $566.68 million. Boston Beer had a negative net margin of 3.42% and a positive return on equity of 9.99%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the company posted $5.45 earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, equities analysts predict that Boston Beer will post 8.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Boston Beer

A number of hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in Boston Beer by 18.0% in the first 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 during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Boston Beer by 23.3% during the first quarter. EverSource Wealth Advisors LLC now owns 423 shares of the company’s stock worth $97,000 after purchasing an additional 80 shares during the last quarter. State of Michigan Retirement System increased its stake in shares of Boston Beer by 5.6% in the first quarter. State of Michigan Retirement System now owns 1,883 shares of the company’s stock valued at $434,000 after buying an additional 100 shares during the period. IFP Advisors Inc increased its stake in shares of Boston Beer by 333.3% in the second quarter. IFP Advisors Inc now owns 156 shares of the company’s stock valued at $28,000 after buying an additional 120 shares during the period. Finally, Ascentis Independent Advisors bought a new position in Boston Beer in the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Company Profile

The Boston Beer Company, Inc is a craft brewing and alcoholic beverage company founded in 1984 by Jim Koch and headquartered in Boston, Massachusetts. The company is best known for Samuel Adams Boston Lager, which helped establish its reputation as one of the early leaders of the modern American craft beer movement.

Boston Beer develops, produces and sells a broad portfolio of beverages, including beers, hard seltzers, ciders, flavored malt beverages and ready-to-drink products. Its brands include Samuel Adams, Truly Hard Seltzer, Twisted Tea, Angry Orchard and Dogfish Head.