Boston Beer (NYSE:SAM) Given New $185.00 Price Target at Citigroup

Boston Beer (NYSE:SAM) had its price objective lowered by Citigroup from $195.00 to $185.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research firms have also recently commented on SAM. Zacks Research upgraded Boston Beer from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 23rd. Weiss Ratings downgraded shares of Boston Beer from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Evercore set a $240.00 price objective on shares of Boston Beer in a research report on Friday, May 1st. UBS Group dropped their target price on shares of Boston Beer from $245.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, July 16th. Finally, Jefferies Financial Group set a $195.00 target price on shares of Boston Beer in a research report on Friday. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $207.27.

Boston Beer Stock Up 3.2%

SAM stock opened at $180.07 on Friday. The firm has a market cap of $1.87 billion, a PE ratio of -26.52, a P/E/G ratio of 3.28 and a beta of 0.78. The business has a 50 day moving average of $177.61 and a 200-day moving average of $209.26. Boston Beer has a 12-month low of $158.68 and a 12-month high of $264.46.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $4.83 by ($1.18). The business had revenue of $568.34 million for the quarter, compared to analysts’ expectations of $566.68 million. Boston Beer had a negative net margin of 3.42% and a positive return on equity of 9.69%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $5.45 earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. On average, research analysts expect that Boston Beer will post 9.51 earnings per share for the current year.

Institutional Trading of Boston Beer

A number of institutional investors have recently modified their holdings of SAM. Goldman Sachs Group Inc. increased its position in shares of Boston Beer by 55.4% during the first quarter. Goldman Sachs Group Inc. now owns 62,051 shares of the company’s stock valued at $14,820,000 after buying an additional 22,129 shares during the period. Empowered Funds LLC boosted its position in shares of Boston Beer by 8.8% during the first quarter. Empowered Funds LLC now owns 1,207 shares of the company’s stock valued at $288,000 after purchasing an additional 98 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Boston Beer by 5.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,902 shares of the company’s stock worth $5,231,000 after purchasing an additional 1,067 shares during the period. Cetera Investment Advisers increased its stake in shares of Boston Beer by 17.9% in the 2nd quarter. Cetera Investment Advisers now owns 1,653 shares of the company’s stock worth $315,000 after acquiring an additional 251 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Boston Beer by 41.5% during the second quarter. First Trust Advisors LP now owns 15,657 shares of the company’s stock valued at $2,988,000 after purchasing an additional 4,591 shares in the last quarter. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

Boston Beer News Summary

Here are the key news stories impacting Boston Beer this week:

• Positive Sentiment: Boston Beer’s revenue came in slightly ahead of some expectations and operating cash flow improved year over year, showing the business is still generating cash even as results soften.
• Positive Sentiment: Several analysts still see upside from current levels, with recent targets from Citigroup and RBC above the stock’s price, suggesting the long-term outlook is not being fully abandoned.
• Neutral Sentiment: Management highlighted product mix shifts, including strength in SunCruiser, which may help offset pressure from weaker Twisted Tea trends.
• Negative Sentiment: Second-quarter EPS of $3.65 missed estimates by a wide margin, signaling that profitability fell short of Wall Street’s expectations.
• Negative Sentiment: Revenue declined 3.3% year over year and shipment volume fell 4.5%, pointing to weaker demand.
• Negative Sentiment: Marketing costs rose 16.4%, adding margin pressure and contributing to the earnings miss.
• Negative Sentiment: Boston Beer also lowered its FY2026 guidance to 8.5–10.5 EPS, below the consensus estimate, which can weigh on sentiment around the stock.

About Boston Beer

The Boston Beer Company, Inc (NYSE: SAM) is a leading craft brewer headquartered in Boston, Massachusetts. Since its founding in 1984 by Jim Koch, the company has focused on producing high-quality, distinctive beers and beverages for retail, on-premise, and distribution partners across the United States. Its operations include brewing, packaging, marketing and distribution, supported by a network of wholly owned brewing facilities and strategic partnerships with regional breweries.

Boston Beer’s flagship brand, Samuel Adams Boston Lager, helped establish the modern U.S.