What is Roth Capital’s Estimate for Boston Beer Q3 Earnings?

The Boston Beer Company, Inc. (NYSE:SAM) – Equities researchers at Roth Capital cut their Q3 2024 earnings per share (EPS) estimates for shares of Boston Beer in a report released on Tuesday, October 22nd. Roth Capital analyst W. Kirk now anticipates that the company will post earnings of $5.18 per share for the quarter, down from their previous forecast of $5.35. The consensus estimate for Boston Beer’s current full-year earnings is $9.63 per share.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, October 24th. The company reported $5.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.96 by $0.39. Boston Beer had a net margin of 4.39% and a return on equity of 9.69%. The company had revenue of $605.48 million during the quarter, compared to analysts’ expectations of $605.67 million.

Several other analysts also recently issued reports on the company. Piper Sandler lowered their price target on Boston Beer from $344.00 to $325.00 and set an “overweight” rating for the company in a report on Friday, July 26th. UBS Group increased their price target on Boston Beer from $300.00 to $309.00 in a report on Thursday. Roth Mkm reiterated a “buy” rating and issued a $389.00 price target on shares of Boston Beer in a report on Wednesday. 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. Finally, Royal Bank of Canada lowered their target price on Boston Beer from $332.00 to $318.00 and set a “sector perform” rating for the company in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $322.58.

Boston Beer Trading Up 0.1 %

Shares of NYSE SAM opened at $301.75 on Friday. Boston Beer has a 12-month low of $254.40 and a 12-month high of $378.08. The company has a market cap of $3.54 billion, a P/E ratio of 39.50, a P/E/G ratio of 1.23 and a beta of 1.06. The stock has a fifty day moving average price of $279.44 and a 200 day moving average price of $282.31.

Hedge Funds Weigh In On Boston Beer

Several large investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC lifted its holdings in Boston Beer by 0.5% in the second quarter. Los Angeles Capital Management LLC now owns 14,729 shares of the company’s stock worth $4,493,000 after acquiring an additional 74 shares during the last quarter. Gagnon Securities LLC lifted its holdings in Boston Beer by 0.5% in the first quarter. Gagnon Securities LLC now owns 16,893 shares of the company’s stock worth $5,143,000 after acquiring an additional 80 shares during the last quarter. QV Investors Inc. lifted its holdings in Boston Beer by 0.4% in the third quarter. QV Investors Inc. now owns 20,650 shares of the company’s stock worth $5,971,000 after acquiring an additional 80 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Boston Beer by 61.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 250 shares of the company’s stock worth $75,000 after acquiring an additional 95 shares during the last quarter. Finally, LRI Investments LLC bought a new position in Boston Beer in the first quarter worth about $28,000. Institutional investors 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.