Boston Beer (NYSE:SAM) Hits New 52-Week High – Here’s What Happened

The Boston Beer Company, Inc. (NYSE:SAM) reached a new 52-week high during trading on Thursday . The company traded as high as $260.29 and last traded at $259.96, with a volume of 77271 shares. The stock had previously closed at $250.59.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SAM shares. Wall Street Zen downgraded Boston Beer from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. Zacks Research downgraded Boston Beer from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Morgan Stanley lowered their price target on Boston Beer from $245.00 to $235.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 25th. UBS Group upped their price target on Boston Beer from $230.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $245.00 price target on shares of Boston Beer in a report on Friday, February 20th. Ten equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $228.30.

Boston Beer Stock Up 3.1%

The business has a fifty day simple moving average of $232.43 and a two-hundred day simple moving average of $216.27. The company has a market cap of $2.70 billion, a P/E ratio of 26.54, a P/E/G ratio of 2.64 and a beta of 0.90.

Boston Beer (NYSE:SAM) last posted its earnings results on Tuesday, February 24th. The company reported ($2.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.33) by $0.21. Boston Beer had a return on equity of 12.16% and a net margin of 5.20%.The company had revenue of $385.68 million for the quarter, compared to the consensus estimate of $381.75 million. During the same quarter in the prior year, the company earned ($1.68) earnings per share. Boston Beer’s revenue was down 4.1% on a year-over-year basis. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. On average, equities analysts predict that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Quent Capital LLC bought a new position in shares of Boston Beer in the third quarter worth about $27,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Boston Beer by 137.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 159 shares of the company’s stock worth $34,000 after buying an additional 92 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Boston Beer in the fourth quarter worth about $35,000. GAMMA Investing LLC raised its stake in shares of Boston Beer by 81.7% in the third quarter. GAMMA Investing LLC now owns 189 shares of the company’s stock worth $40,000 after buying an additional 85 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Boston Beer by 154.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock worth $49,000 after buying an additional 141 shares during the period. 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.