Citigroup Upgrades Boston Beer (SAM)

Fintel reports that on March 20, 2025, Citigroup upgraded their outlook for Boston Beer (NYSE:SAM) from Neutral to Buy.

Analyst Price Forecast Suggests 19.82% Upside

As of March 19, 2025, the average one-year price target for Boston Beer is $272.61/share. The forecasts range from a low of $212.10 to a high of $366.45. The average price target represents an increase of 19.82% from its latest reported closing price of $227.52 / share.

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The projected annual revenue for Boston Beer is 2,321MM, an increase of 15.30%. The projected annual non-GAAP EPS is 22.38.

What is the Fund Sentiment?

There are 729 funds or institutions reporting positions in Boston Beer. This is an decrease of 12 owner(s) or 1.62% in the last quarter. Average portfolio weight of all funds dedicated to SAM is 0.14%, an increase of 14.61%. Total shares owned by institutions increased in the last three months by 4.45% to 8,801K shares. The put/call ratio of SAM is 0.99, indicating a bullish outlook.

What are Other Shareholders Doing?

T. Rowe Price Investment Management holds 703K shares representing 7.81% ownership of the company. In its prior filing, the firm reported owning 674K shares , representing an increase of 4.18%. The firm increased its portfolio allocation in SAM by 10.76% over the last quarter.

Aqr Capital Management holds 422K shares representing 4.69% ownership of the company. In its prior filing, the firm reported owning 352K shares , representing an increase of 16.53%. The firm decreased its portfolio allocation in SAM by 61.34% over the last quarter.

IJH - iShares Core S&P Mid-Cap ETF holds 279K shares representing 3.10% ownership of the company. In its prior filing, the firm reported owning 276K shares , representing an increase of 1.29%. The firm increased its portfolio allocation in SAM by 0.94% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 257K shares representing 2.86% ownership of the company. In its prior filing, the firm reported owning 276K shares , representing a decrease of 7.31%. The firm decreased its portfolio allocation in SAM by 4.72% over the last quarter.

NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 216K shares representing 2.40% ownership of the company. In its prior filing, the firm reported owning 217K shares , representing a decrease of 0.58%. The firm increased its portfolio allocation in SAM by 0.76% over the last quarter.

Boston Beer Background Information
(This description is provided by the company.)

The Boston Beer Company is an American brewery founded in 1984. Their first brand of beer was named Samuel Adams after Founding Father Samuel Adams, an American revolutionary patriot. Since its founding, Boston Beer has started several other brands, and in 2019 completed a merger with Dogfish Head Brewery. The Boston Beer Company is the fourth largest brewer in the United States with products available throughout the United States and internationally.

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This story originally appeared on Fintel.

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