FY2024 EPS Estimates for Boston Beer Reduced by Roth Capital

The Boston Beer Company, Inc. (NYSE:SAM - Free Report) - Stock analysts at Roth Capital reduced their FY2024 EPS estimates for shares of Boston Beer in a research note issued to investors on Tuesday, October 22nd. Roth Capital analyst W. Kirk now forecasts that the company will post earnings of $10.98 per share for the year, down from their previous forecast of $11.15. The consensus estimate for Boston Beer's current full-year earnings is $9.63 per share. Roth Capital also issued estimates for Boston Beer's Q3 2025 earnings at $5.98 EPS and FY2025 earnings at $13.49 EPS.

Several other brokerages have also issued reports on SAM. Royal Bank of Canada reduced their price objective on shares of Boston Beer from $332.00 to $318.00 and set a "sector perform" rating on the stock in a report on Friday, July 26th. Roth Mkm reiterated a "buy" rating and set a $389.00 price target on shares of Boston Beer in a research note on Wednesday. UBS Group boosted their price target on shares of Boston Beer from $300.00 to $309.00 in a research note on Thursday. Piper Sandler cut their price target on shares of Boston Beer from $344.00 to $325.00 and set an "overweight" rating on the stock in a research note on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Boston Beer from $281.00 to $277.00 and set a "hold" rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $322.58.

Boston Beer Trading Up 0.1 %

SAM traded up $0.37 on Thursday, hitting $301.88. The company had a trading volume of 160,239 shares, compared to its average volume of 158,974. The firm has a market cap of $3.54 billion, a P/E ratio of 39.34, a PEG ratio of 1.23 and a beta of 1.06. Boston Beer has a 1 year low of $254.40 and a 1 year high of $378.08. The company's fifty day moving average price is $279.01 and its 200 day moving average price is $282.17.

Boston Beer (NYSE:SAM - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The company reported $4.39 earnings per share for the quarter, missing the consensus estimate of $4.99 by ($0.60). The firm had revenue of $579.10 million for the quarter, compared to analyst estimates of $597.33 million. Boston Beer had a net margin of 4.39% and a return on equity of 9.69%. The company's revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.72 EPS.

Hedge Funds Weigh In On Boston Beer

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its holdings in Boston Beer by 389.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,714 shares of the company's stock valued at $1,652,000 after purchasing an additional 4,546 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Boston Beer in the third quarter valued at approximately $45,150,000. Aaron Wealth Advisors LLC acquired a new position in Boston Beer in the third quarter valued at approximately $329,000. Claro Advisors LLC acquired a new position in Boston Beer in the third quarter valued at approximately $1,762,000. Finally, Cardinal Capital Management boosted its holdings in Boston Beer by 17.5% in the third quarter. Cardinal Capital Management now owns 5,719 shares of the company's stock valued at $1,654,000 after purchasing an additional 850 shares in the last quarter. 81.13% of the stock is owned by institutional investors and hedge funds.

Boston Beer Company Profile

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.