Roth Capital Decreases Earnings Estimates for Boston Beer

The Boston Beer Company, Inc. (NYSE:SAM - Free Report) - Roth Capital lowered their FY2024 earnings per share (EPS) estimates for Boston Beer in a research report issued on Friday, October 25th. Roth Capital analyst W. Kirk now expects that the company will post earnings per share of $10.91 for the year, down from their prior forecast of $10.98. The consensus estimate for Boston Beer's current full-year earnings is $9.58 per share. Roth Capital also issued estimates for Boston Beer's Q1 2025 earnings at $1.45 EPS and Q2 2025 earnings at $5.30 EPS.

Boston Beer (NYSE:SAM - Get Free Report) last issued its quarterly earnings data 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). Boston Beer had a net margin of 3.82% and a return on equity of 11.76%. The company had revenue of $579.10 million during the quarter, compared to the consensus estimate of $597.33 million. During the same period in the previous year, the company earned $4.72 earnings per share. Boston Beer's revenue for the quarter was down 4.0% compared to the same quarter last year.

A number of other brokerages have also weighed in on SAM. Roth Mkm reiterated a "buy" rating and set a $389.00 target price on shares of Boston Beer in a research note on Wednesday, October 23rd. Royal Bank of Canada reiterated a "sector perform" rating and set a $318.00 price objective on shares of Boston Beer in a research report on Friday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Boston Beer from $281.00 to $277.00 and set a "hold" rating for the company in a research report on Thursday. Jefferies Financial Group lowered shares of Boston Beer from a "buy" rating to a "hold" rating and lowered their price target for the stock from $355.00 to $325.00 in a research report on Friday. Finally, UBS Group boosted their price objective on shares of Boston Beer from $300.00 to $309.00 in a report on Thursday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $314.82.

Boston Beer Price Performance

Boston Beer stock traded up $8.56 during trading hours on Monday, hitting $304.52. The company had a trading volume of 171,797 shares, compared to its average volume of 159,915. Boston Beer has a one year low of $254.40 and a one year high of $371.65. The firm has a market cap of $3.57 billion, a PE ratio of 44.78, a PEG ratio of 1.24 and a beta of 1.06. The firm has a 50-day moving average of $280.19 and a 200 day moving average of $282.27.

Institutional Investors Weigh In On Boston Beer

Hedge funds have recently modified their holdings of the company. Los Angeles Capital Management LLC boosted its position in Boston Beer by 0.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 14,729 shares of the company's stock worth $4,493,000 after buying an additional 74 shares during the period. Gagnon Securities LLC lifted its holdings in shares of Boston Beer by 0.5% during the first quarter. Gagnon Securities LLC now owns 16,893 shares of the company's stock worth $5,143,000 after purchasing an additional 80 shares during the period. QV Investors Inc. lifted its holdings in shares of Boston Beer by 0.4% during the third quarter. QV Investors Inc. now owns 20,650 shares of the company's stock worth $5,971,000 after purchasing an additional 80 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in Boston Beer by 61.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 250 shares of the company's stock valued at $75,000 after purchasing an additional 95 shares during the period. Finally, LRI Investments LLC bought a new position in Boston Beer during the 1st quarter worth $28,000. Institutional investors and hedge funds own 81.13% of the company's stock.

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.