Citigroup Cuts Boston Beer (NYSE:SAM) Price Target to $185.00

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

A number of other research analysts also recently weighed in on SAM. UBS Group cut their price objective on Boston Beer from $245.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, July 16th. Zacks Research raised Boston Beer from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Evercore set a $240.00 price target on Boston Beer in a report on Friday, May 1st. Morgan Stanley set a $190.00 price target on shares of Boston Beer in a research report on Friday. Finally, Roth Capital restated a “buy” rating and issued a $295.00 price objective (down from $315.00) on shares of Boston Beer in a research note on Friday. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $207.27.

Boston Beer Stock Down 0.0%

Shares of SAM opened at $180.07 on Friday. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of -26.52, a price-to-earnings-growth ratio of 3.68 and a beta of 0.78. The company’s fifty day moving average is $177.61 and its 200-day moving average is $209.34. 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 data on Thursday, July 23rd. The company reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.83 by ($1.18). The business had revenue of $568.34 million during the quarter, compared to the consensus estimate of $566.68 million. Boston Beer had a positive return on equity of 9.99% and a negative net margin of 3.42%.The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.45 earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, research analysts predict that Boston Beer will post 8.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Boston Beer

Several large investors have recently made changes to their positions in SAM. Flagship Harbor Advisors LLC acquired a new position in shares of Boston Beer during the 4th quarter worth about $35,000. Ascentis Independent Advisors acquired a new stake in Boston Beer in the 1st quarter valued at approximately $37,000. Covestor Ltd grew its holdings in Boston Beer by 180.9% in the 4th quarter. Covestor Ltd now owns 250 shares of the company’s stock valued at $49,000 after buying an additional 161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Boston Beer by 154.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock worth $49,000 after buying an additional 141 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in Boston Beer by 4,780.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 244 shares of the company’s stock worth $52,000 after buying an additional 239 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.

Key Headlines Impacting Boston Beer

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.