Boston Beer (NYSE:SAM – Get Free Report) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 9.000-10.500 for the period, compared to the consensus earnings per share estimate of 8.940.
Wall Street Analyst Weigh In
SAM has been the topic of a number of recent research reports. Morgan Stanley set a $190.00 target price on Boston Beer and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Roth Capital restated a “buy” rating and set a $295.00 price target (down from $315.00) on shares of Boston Beer in a research note on Friday, July 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $195.00 price target on shares of Boston Beer in a report on Monday, July 27th. The Goldman Sachs Group reduced their price objective on Boston Beer from $192.00 to $169.00 and set a “sell” rating for the company in a research report on Wednesday, July 8th. Finally, Wall Street Zen upgraded Boston Beer from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $206.82.
Check Out Our Latest Stock Analysis on SAM
Boston Beer Stock Performance
Shares of SAM stock opened at $201.71 on Friday. Boston Beer has a 52-week low of $158.68 and a 52-week high of $264.46. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of -29.53 and a beta of 0.82. The firm has a fifty day moving average of $175.23 and a 200-day moving average of $187.13.
Boston Beer (NYSE:SAM – Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.21 by $0.16. The firm had revenue of $520.10 million during the quarter, compared to analysts’ expectations of $522.95 million. Boston Beer had a negative net margin of 3.59% and a positive return on equity of 10.36%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $4.25 earnings per share. On average, sell-side analysts predict that Boston Beer will post 8.99 earnings per share for the current year.
Boston Beer News Roundup
Here are the key news stories impacting Boston Beer this week:
- Positive Sentiment: Boston Beer reported third-quarter non-GAAP EPS of $4.37, exceeding the $4.21 consensus estimate and increasing from $4.25 a year earlier. Boston Beer Q3 Earnings Beat on Margin Gains, Revenues Miss
- Positive Sentiment: Third-quarter gross margin expanded 90 basis points year over year to 51.7%, supported by brewery efficiencies and a greater share of production completed internally. Boston Beer produced 98% of domestic volume itself. Boston Beer: 3 Key Takeaways for Long-Term Investors
- Positive Sentiment: The company raised its 2026 adjusted EPS outlook to $9.00-$10.50, above the roughly $8.94 consensus estimate. It also ended the quarter with $308.1 million in cash, no debt, and repurchased $79.5 million of stock from late 2025 through October 16, 2026. Boston Beer Projects 2026 Non-GAAP EPS Outlook
- Neutral Sentiment: Management said it is prioritizing controllable measures to improve market-share trends while acknowledging that the demand environment remains difficult. The margin-led earnings rebound has prompted discussion over whether SAM is undervalued, but valuation depends on a sustained recovery in sales. Is Boston Beer Undervalued Following Its Margin-Led Earnings Rebound?
- Negative Sentiment: Underlying demand remains weak: third-quarter depletions fell 5%, shipments declined 4.9%, and revenue dropped 3.2% to $520.1 million, below the $522.95 million consensus. Reported profit also declined to $43.2 million from $46.2 million a year earlier. Boston Beer Logs Lower Profit and Revenue
- Negative Sentiment: Management narrowed its 2026 volume outlook to a mid-single-digit decline, indicating that improved profitability is currently offsetting, rather than eliminating, pressure on sales and shipments. Boston Beer Lifts Earnings Forecast as Sales and Shipments Fall
Boston Beer Company Profile
Boston Beer Company, Inc is an American beverage company that develops, produces, and sells alcoholic beverages. The company is best known for its Samuel Adams craft beer brand, which includes Boston Lager and a range of seasonal, specialty, and limited-release beers.
Its portfolio also includes Twisted Tea hard iced tea, Truly Hard Seltzer, Angry Orchard hard cider, and beverages associated with Dogfish Head, which Boston Beer acquired in 2019. The company offers products across several categories, including beer, flavored malt beverages, hard seltzer, and hard cider, with offerings distributed primarily through wholesalers, retailers, restaurants, and other on-premise establishments.
Founded in 1984 by Jim Koch, Boston Beer helped expand the U.S.
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