Boston Beer (NYSE:SAM) Releases FY 2026 Earnings Guidance

Boston Beer (NYSE:SAM) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 8.500-10.500 for the period, compared to the consensus earnings per share estimate of 9.590. The company issued revenue guidance of -.

Boston Beer Trading Up 3.2%

SAM opened at $180.07 on Friday. The stock has a market capitalization of $1.87 billion, a P/E ratio of -26.52, a PEG ratio of 3.28 and a beta of 0.78. The stock has a 50-day moving average price of $177.61 and a 200-day moving average price 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 announced its quarterly earnings data on Thursday, July 23rd. The company reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $4.83 by ($1.18). The firm 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 quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior 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, equities research analysts predict that Boston Beer will post 9.51 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SAM. Evercore set a $240.00 price target on shares of Boston Beer in a research note on Friday, May 1st. Morgan Stanley set a $190.00 price target on Boston Beer in a research note on Friday. Sanford C. Bernstein lowered their price objective on Boston Beer from $218.00 to $210.00 and set a “market perform” rating for the company in a research report on Tuesday, May 5th. Jefferies Financial Group set a $195.00 price objective on Boston Beer in a research note on Friday. Finally, Wall Street Zen upgraded shares of Boston Beer from a “sell” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $207.27.

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.

Institutional Investors Weigh In On Boston Beer

A number of large investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in Boston Beer by 340.4% in the third quarter. AQR Capital Management LLC now owns 647,060 shares of the company’s stock worth $136,801,000 after buying an additional 500,120 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Boston Beer by 5.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 271,516 shares of the company’s stock worth $52,981,000 after acquiring an additional 13,113 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Boston Beer by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 265,779 shares of the company’s stock valued at $56,191,000 after purchasing an additional 3,336 shares during the period. Invesco Ltd. boosted its position in shares of Boston Beer by 1.9% during the fourth quarter. Invesco Ltd. now owns 117,112 shares of the company’s stock valued at $22,852,000 after purchasing an additional 2,223 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in Boston Beer by 278.0% in the second quarter. Qube Research & Technologies Ltd now owns 112,507 shares of the company’s stock worth $21,467,000 after purchasing an additional 82,742 shares during the period. Institutional investors own 81.13% of the company’s stock.

Boston Beer Company Profile

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.