Citigroup Boosts Boston Beer (NYSE:SAM) Price Target to $230.00

Boston Beer (NYSE:SAM) had its target price boosted by stock analysts at Citigroup from $220.00 to $230.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective points to a potential upside of 1.95% from the company’s previous close.

SAM has been the topic of a number of other research reports. UBS Group decreased their target price on shares of Boston Beer from $234.00 to $230.00 and set a “neutral” rating on the stock in a research report on Monday. Weiss Ratings upgraded Boston Beer from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 6th. Royal Bank Of Canada reissued a “sector perform” rating and set a $245.00 price target on shares of Boston Beer in a research report on Friday, February 20th. Piper Sandler cut their target price on Boston Beer from $230.00 to $220.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Finally, Morgan Stanley decreased their price target on Boston Beer from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Ten research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Boston Beer has an average rating of “Reduce” and an average price target of $233.31.

Boston Beer Price Performance

SAM stock opened at $225.60 on Wednesday. Boston Beer has a fifty-two week low of $185.34 and a fifty-two week high of $260.00. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 1.86 and a beta of 1.03. The business’s fifty day moving average price is $217.54 and its two-hundred day moving average price is $213.99.

Boston Beer (NYSE:SAM) last released its quarterly earnings results on Tuesday, February 24th. The company reported ($2.12) EPS for the quarter, beating the consensus estimate of ($2.33) by $0.21. Boston Beer had a net margin of 5.20% and a return on equity of 12.16%. The business had revenue of $385.68 million for the quarter, compared to the consensus estimate of $381.75 million. During the same period in the prior year, the company posted ($1.68) earnings per share. Boston Beer’s revenue was down 4.1% compared to the same quarter last year. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. Research analysts expect that Boston Beer will post 9.29 EPS for the current year.

Hedge Funds Weigh In On Boston Beer

Several hedge funds and other institutional investors have recently modified their holdings of SAM. Vanguard Group Inc. raised its holdings in shares of Boston Beer by 9.4% during the 4th quarter. Vanguard Group Inc. now owns 1,039,184 shares of the company’s stock worth $202,776,000 after buying an additional 89,053 shares in the last quarter. AQR Capital Management LLC raised its stake in Boston Beer by 340.4% during the third quarter. AQR Capital Management LLC now owns 647,060 shares of the company’s stock worth $136,801,000 after acquiring an additional 500,120 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Boston Beer by 5.1% in the fourth 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 during the last quarter. Dimensional Fund Advisors LP boosted 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 in the last quarter. Finally, Gotham Asset Management LLC grew its holdings in shares of Boston Beer by 16.7% during the 4th quarter. Gotham Asset Management LLC now owns 248,910 shares of the company’s stock valued at $48,570,000 after purchasing an additional 35,644 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.

Key Boston Beer News

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

• Positive Sentiment: Q4 results beat expectations — Boston Beer reported a narrower-than-feared Q4 loss (EPS -$2.12 vs. consensus -$2.33) and revenue slightly above estimates, showing better-than-expected top-line resilience. Boston Beer (SAM) Reports Q4 Loss, Tops Revenue Estimates
• Positive Sentiment: Company set FY2026 EPS target of $8.50–$11 and highlighted margin gains plus expansion of the Sun Cruiser brand — this forward-looking guidance gives investors a clear path to normalization of earnings and helped lift sentiment. Boston Beer outlines 2026 EPS target of $8.50–$11
• Positive Sentiment: Citigroup raised its price target to $230 (neutral rating) — a modest endorsement that signals some analyst confidence in the company’s recovery plan. Citigroup raises PT to $230
• Neutral Sentiment: Morgan Stanley trimmed its price target from $245 to $235 but kept an “equal weight” rating — a cautious tone that still implies limited upside from current levels. Morgan Stanley lowers PT to $235
• Neutral Sentiment: Industry comparison pieces (e.g., BUD vs SAM) are circulating — these may reframe investor expectations vs. larger peers but are not company-specific catalysts. BUD vs. SAM: Which Stock Is the Better Value Option?
• Negative Sentiment: Zacks Research downgraded SAM from “hold” to “strong sell,” which can amplify short-term selling pressure and increase volatility. Zacks downgrade coverage
• Negative Sentiment: Management warned that retailer depletions could fall again in 2026 and Q4 showed lower volumes — ongoing weak on-premise/alcohol consumption trends plus flagged tariff and margin pressures are tangible risks to near-term revenue and margins. Boston Beer warns depletions could fall again in 2026 Q4: lower volumes hurt revenues

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.