FY2024 EPS Estimates for Boston Beer Lowered by Roth Capital

The Boston Beer Company, Inc. (NYSE:SAM) – Roth Capital reduced their FY2024 earnings per share estimates for Boston Beer in a research note issued on Tuesday, October 22nd. Roth Capital analyst W. Kirk now expects that the company will post earnings of $10.98 per share for the year, down from their prior estimate 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.

Boston Beer (NYSE:SAM) last released its quarterly earnings data on Thursday, July 25th. The company reported $4.39 EPS for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.60). Boston Beer had a return on equity of 9.69% and a net margin of 4.39%. The firm had revenue of $579.10 million during the quarter, compared to analyst estimates of $597.33 million. During the same quarter in the prior year, the company posted $4.72 EPS. The company’s quarterly revenue was down 4.0% on a year-over-year basis.

Other research analysts have also issued reports about the company. UBS Group upped their price target on Boston Beer from $300.00 to $309.00 in a report on Thursday. Roth Mkm restated a “buy” rating and issued a $389.00 target price on shares of Boston Beer in a research note on Wednesday. Piper Sandler decreased their price target on Boston Beer from $344.00 to $325.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Royal Bank of Canada lowered their price objective on shares of Boston Beer from $332.00 to $318.00 and set a “sector perform” rating for the company in a research report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Boston Beer from $281.00 to $277.00 and set a “hold” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Boston Beer currently has a consensus rating of “Hold” and a consensus target price of $322.58.

Boston Beer Stock Performance

Shares of SAM stock opened at $301.75 on Thursday. The stock’s 50 day simple moving average is $279.44 and its 200 day simple moving average is $282.31. Boston Beer has a twelve month low of $254.40 and a twelve month high of $378.08. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 39.50, a PEG ratio of 1.23 and a beta of 1.06.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. LRI Investments LLC bought a new stake in shares of Boston Beer during the 1st quarter valued at about $28,000. ORG Partners LLC purchased a new stake in Boston Beer in the second quarter worth $48,000. Sachetta LLC increased its holdings in Boston Beer by 1,533.3% in the 2nd quarter. Sachetta LLC now owns 245 shares of the company’s stock worth $68,000 after acquiring an additional 230 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of 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, Quarry LP raised its holdings in Boston Beer by 984.0% during the 2nd quarter. Quarry LP now owns 271 shares of the company’s stock valued at $83,000 after acquiring an additional 246 shares during the period. 81.13% of the stock is currently owned by institutional investors.

About Boston Beer

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.