Boston Beer (NYSE:SAM) Price Target Lowered to $220.00 at Citigroup

by · The Markets Daily

Boston Beer (NYSE:SAM – Get Free Report) had its price objective reduced by Citigroup from $250.00 to $220.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 11.40% from the company’s current price.

SAM has been the topic of several other research reports. UBS Group boosted their target price on shares of Boston Beer from $230.00 to $246.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Piper Sandler decreased their price target on shares of Boston Beer from $230.00 to $220.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Boston Beer in a report on Wednesday, October 8th. Finally, Jefferies Financial Group reduced their price target on shares of Boston Beer from $230.00 to $225.00 and set a “hold” rating on the stock in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $248.37.

Read Our Latest Research Report on Boston Beer

Boston Beer Stock Down 1.9%

NYSE:SAM traded down $3.91 on Wednesday, hitting $197.49. The stock had a trading volume of 133,153 shares, compared to its average volume of 215,383. The business’s 50-day simple moving average is $206.09 and its two-hundred day simple moving average is $209.94. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 1.73 and a beta of 1.06. Boston Beer has a 52-week low of $185.34 and a 52-week high of $310.53.

Boston Beer (NYSE:SAM – Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The company reported $4.25 EPS for the quarter, beating the consensus estimate of $3.78 by $0.47. Boston Beer had a net margin of 4.38% and a return on equity of 12.29%. The firm had revenue of $537.49 million during the quarter, compared to analyst estimates of $542.97 million. During the same quarter in the prior year, the firm earned $2.86 EPS. The business’s revenue for the quarter was down 11.2% compared to the same quarter last year. Boston Beer has set its FY 2025 guidance at 7.800-9.800 EPS. As a group, equities research analysts anticipate that Boston Beer will post 9.29 EPS for the current year.

Insider Activity

In other news, Director Michael Spillane sold 3,120 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $205.78, for a total transaction of $642,033.60. Following the transaction, the director owned 10,877 shares of the company’s stock, valued at approximately $2,238,269.06. This represents a 22.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 26.10% of the stock is owned by company insiders.

Institutional Trading of Boston Beer

Large investors have recently made changes to their positions in the stock. Cetera Investment Advisers raised its stake in shares of Boston Beer by 10.5% during the first quarter. Cetera Investment Advisers now owns 1,402 shares of the company’s stock valued at $335,000 after acquiring an additional 133 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Boston Beer by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 865,251 shares of the company’s stock valued at $206,657,000 after purchasing an additional 15,563 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Boston Beer by 5.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 99,457 shares of the company’s stock worth $23,754,000 after purchasing an additional 5,101 shares during the period. Invesco Ltd. boosted its stake in shares of Boston Beer by 10.3% during the first quarter. Invesco Ltd. now owns 109,259 shares of the company’s stock valued at $26,095,000 after purchasing an additional 10,241 shares in the last quarter. Finally, Algert Global LLC raised its stake in Boston Beer by 123.3% in the first quarter. Algert Global LLC now owns 13,186 shares of the company’s stock worth $3,149,000 after buying an additional 7,280 shares in the last quarter. 81.13% of the stock is owned by hedge funds and other institutional investors.

Boston Beer Company Profile

(Get Free Report)

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.

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