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

Boston Beer (NYSE:SAM) issued an update on its FY 2026 earnings guidance on Friday. The company provided earnings per share guidance of 9.000-10.500 for the period, compared to the consensus estimate of 8.940.

Analyst Ratings Changes

A number of brokerages recently weighed in on SAM. Deutsche Bank Aktiengesellschaft set a $176.00 target price on Boston Beer in a report on Friday, July 24th. Morgan Stanley set a $190.00 target price on shares of Boston Beer and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Jefferies Financial Group reissued a “hold” rating on shares of Boston Beer in a research report on Friday. Zacks Research raised shares of Boston Beer from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 22nd. Finally, UBS Group reaffirmed a “neutral” rating on shares of Boston Beer in a research report on Friday, October 16th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $205.09.

Boston Beer Stock Performance

Shares of SAM stock traded down $0.26 on Friday, hitting $195.47. The stock had a trading volume of 163,851 shares, compared to its average volume of 236,546. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of -28.79 and a beta of 0.82. The stock’s 50 day moving average is $174.91 and its 200-day moving average is $187.03. Boston Beer has a 52-week low of $158.68 and a 52-week high of $264.46.

Boston Beer (NYSE:SAM) last released its quarterly earnings results on Thursday, October 22nd. The company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.16. Boston Beer had a negative net margin of 3.42% and a positive return on equity of 9.99%. The firm had revenue of $520.10 million for the quarter, compared to the consensus estimate of $522.95 million. During the same quarter in the previous year, the firm posted $4.25 EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. Equities analysts expect that Boston Beer will post 8.99 earnings per share for the current year.

Key Boston Beer News

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

• Positive Sentiment: Boston Beer raised its fiscal 2026 adjusted EPS outlook to $9.00–$10.50, above the roughly $8.90–$8.94 analyst consensus. The guidance increase provides a favorable earnings catalyst. Boston Beer projects 2026 non-GAAP EPS of $9 to $10.50
• Positive Sentiment: Third-quarter non-GAAP EPS was $4.37, beating the $4.21 consensus estimate and increasing from $4.25 a year earlier. Gross margin also improved 90 basis points to 51.7%, indicating better profitability and cost management. Boston Beer Reports Third Quarter Financial Results
• Positive Sentiment: The company ended the quarter with $308.1 million in cash and no debt and repurchased $79.5 million of shares since late 2025, supporting financial flexibility and per-share results.
• Neutral Sentiment: Revenue of $520.1 million was close to expectations, while 98% of domestic volume was produced internally. However, the company narrowed its 2026 volume outlook to a mid-single-digit decline, underscoring the challenging operating environment. Boston Beer: 3 Key Takeaways for Long-Term Investors
• Negative Sentiment: Demand remains weak: third-quarter depletions fell 5%, shipments declined 4.9%, and revenue dropped 3.2% year over year. GAAP profit also declined to $43.2 million from $46.2 million, reflecting ongoing pressure in the beer market. Boston Beer Logs Lower Profit, Revenue Amid Bleak Beer Market

Boston Beer Company Profile

Boston Beer Company, Inc is an American beverage company that develops, produces, and sells alcoholic beverages. The company is best known for its Samuel Adams craft beer brand, which includes Boston Lager and a range of seasonal, specialty, and limited-release beers.

Its portfolio also includes Twisted Tea hard iced tea, Truly Hard Seltzer, Angry Orchard hard cider, and beverages associated with Dogfish Head, which Boston Beer acquired in 2019. The company offers products across several categories, including beer, flavored malt beverages, hard seltzer, and hard cider, with offerings distributed primarily through wholesalers, retailers, restaurants, and other on-premise establishments.

Founded in 1984 by Jim Koch, Boston Beer helped expand the U.S.