Boston Beer (NYSE:SAM) Issues Quarterly Earnings Results, Misses Estimates By $1.18 EPS

Boston Beer (NYSE:SAM) issued its earnings results on Thursday. The company reported $3.65 EPS for the quarter, missing analysts’ consensus estimates of $4.83 by ($1.18), Zacks reports. The business had revenue of $568.34 million during the quarter, compared to analyst estimates of $566.68 million. Boston Beer had a negative net margin of 2.96% and a positive return on equity of 12.08%. Boston Beer updated its FY 2026 guidance to 8.500-10.500 EPS.

Boston Beer Stock Performance

Shares of Boston Beer stock traded down $1.91 on Thursday, reaching $172.01. The company had a trading volume of 548,236 shares, compared to its average volume of 241,244. The firm’s 50 day moving average price is $177.52 and its two-hundred day moving average price is $209.66. Boston Beer has a 52-week low of $158.68 and a 52-week high of $264.46. The firm has a market cap of $1.79 billion, a PE ratio of -27.30, a PEG ratio of 3.21 and a beta of 0.78.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Boston Beer by 154.9% during the third 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. Group One Trading LLC acquired a new position in Boston Beer during the 4th quarter worth about $52,000. CIBC Private Wealth Group LLC lifted its stake in Boston Beer by 4,780.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 244 shares of the company’s stock worth $52,000 after acquiring an additional 239 shares in the last quarter. US Bancorp DE boosted its holdings in Boston Beer by 28.2% during the 3rd quarter. US Bancorp DE now owns 386 shares of the company’s stock valued at $82,000 after acquiring an additional 85 shares during the period. Finally, Quarry LP boosted its holdings in Boston Beer by 447.9% during the 3rd quarter. Quarry LP now owns 515 shares of the company’s stock valued at $109,000 after acquiring an additional 421 shares during the period. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SAM. Weiss Ratings lowered shares of Boston Beer from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Morgan Stanley cut their price target on Boston Beer from $235.00 to $220.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Evercore set a $240.00 price objective on Boston Beer in a research report on Friday, May 1st. The Goldman Sachs Group lowered their price objective on Boston Beer from $192.00 to $169.00 and set a “sell” rating on the stock in a research note on Wednesday, July 8th. Finally, Sanford C. Bernstein dropped their target price on Boston Beer from $218.00 to $210.00 and set a “market perform” rating for the company in a report on Tuesday, May 5th. Ten research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Boston Beer currently has an average rating of “Reduce” and an average target price of $224.00.

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.