Boston Beer (NYSE:SAM - Get Free Report) issued an update on its FY24 earnings guidance on Friday morning. The company provided EPS guidance of $8.00-$10.00 for the period, compared to the consensus EPS estimate of $9.73. Boston Beer also updated its FY 2024 guidance to 8.000-10.000 EPS.
Boston Beer Stock Down 1.9 %
Shares of Boston Beer stock traded down $5.82 during trading on Friday, reaching $302.77. 302,860 shares of the stock were exchanged, compared to its average volume of 151,906. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 44.53, a price-to-earnings-growth ratio of 1.21 and a beta of 1.07. Boston Beer has a 1 year low of $254.40 and a 1 year high of $371.65. The stock's fifty day moving average is $306.09 and its 200 day moving average is $290.68.
Analyst Upgrades and Downgrades
SAM has been the topic of a number of research analyst reports. Roth Mkm reissued a "buy" rating and set a $389.00 price objective on shares of Boston Beer in a research report on Wednesday, October 23rd. Royal Bank of Canada reissued a "sector perform" rating and set a $318.00 price objective on shares of Boston Beer in a research report on Friday, October 25th. UBS Group raised their price target on shares of Boston Beer from $300.00 to $309.00 in a research report on Thursday, October 24th. Jefferies Financial Group cut shares of Boston Beer from a "buy" rating to a "hold" rating and dropped their target price for the stock from $355.00 to $325.00 in a report on Friday, October 25th. Finally, Piper Sandler raised their target price on Boston Beer from $325.00 to $330.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Boston Beer currently has a consensus rating of "Hold" and a consensus price target of $314.82.
Get Our Latest Stock Analysis on Boston Beer
About Boston Beer
(
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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