Citigroup Has Lowered Expectations for Boston Beer (NYSE:SAM) Stock Price

Boston Beer (NYSE:SAM) had its price target dropped by Citigroup from $195.00 to $185.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s price target points to a potential upside of 2.74% from the stock’s current price.

SAM has been the subject of several other research reports. UBS Group decreased their price target on shares of Boston Beer from $245.00 to $190.00 and set a “neutral” rating for the company in a research note on Thursday, July 16th. Weiss Ratings downgraded Boston Beer from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Jefferies Financial Group set a $195.00 price objective on Boston Beer in a report on Friday. The Goldman Sachs Group decreased their target price 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, Morgan Stanley set a $190.00 target price on 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $207.27.

Boston Beer Stock Performance

SAM opened at $180.07 on Friday. The firm has a market cap of $1.87 billion, a P/E ratio of -26.52, a PEG ratio of 3.38 and a beta of 0.78. The firm has a 50-day moving average of $177.61 and a 200 day moving average of $209.26. Boston Beer has a fifty-two week low of $158.68 and a fifty-two week high of $264.46.

Boston Beer (NYSE:SAM) last posted 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 company had revenue of $568.34 million for the quarter, compared to analysts’ expectations of $566.68 million. Boston Beer had a positive return on equity of 9.69% and a negative net margin of 3.42%.The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $5.45 EPS. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. Equities research analysts predict that Boston Beer will post 8.74 earnings per share for the current fiscal year.

Institutional Trading of Boston Beer

A number of institutional investors have recently modified their holdings of SAM. Ascentis Independent Advisors purchased a new position in Boston Beer in the 1st quarter valued at approximately $37,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Boston Beer during the fourth quarter worth $35,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 acquiring an additional 141 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Boston Beer by 4,780.0% in the third quarter. CIBC Private Wealth Group LLC now owns 244 shares of the company’s stock worth $52,000 after acquiring an additional 239 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Boston Beer by 180.9% in the fourth quarter. Covestor Ltd now owns 250 shares of the company’s stock worth $49,000 after acquiring an additional 161 shares during the period. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories 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.

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.