$SAM

5 stories mentioning SAMUpdated 46d ago

Every FINWIRES story that references SAM, newest first.

Boston Beer Likely to See Continued Headwinds From Iran Conflict, Alcohol Sector Decline, Morgan Stanley Says

Boston Beer (SAM) is likely to see continued headwinds amid declining volumes in the alcohol sector and cost pressures from the Iran conflict, Morgan Stanley said in a Wednesday note.US alcohol consumption remain pressured from demographics, cannabis substitution, and health trends, the investment firm said. The company's Twisted Tea and Truly hard seltzer brands also continue to decline, Morgan Stanley noted.The company already narrowed its fiscal 2026 outlook for shipments/depletions to the lower end of its previously issued guidance to reflect energy and aluminum inflation, the brokerage said. Boston Beer now expects shipments/depletions to decline by low-single to mid-single digits.Morgan Stanley lowered its 2026 and 2027 earnings per share forecast for Boston Beer by about 5%.Morgan Stanley also cut its price target on Boston Beer to $220 from $235, with an equal-weight rating.Price: $210.24, Change: $+3.99, Percent Change: +1.93%

$SAM

Research52d ago

Research Alert: CFRA Maintains Hold Opinion On Shares Of Boston Beer Company

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target by $5 to $230, based on a 2027 P/E of 21.9x, a steep discount to SAM's historical average forward P/E multiple on weaker growth expectations. We lower our adjusted EPS estimates to $8.80 from $9.30 for 2026 and to $10.50 from $10.75 for 2027. Following SAM's Q1 earnings release, we lower our estimates and price target and maintain a Hold opinion on the shares. SAM's Q1 earnings fell short of consensus, and the company lowered its 2026 volume guidance but left 2026 adjusted EPS guidance unchanged. In our view, SAM could be challenged to hit the earnings guidance and we think the company will continue to struggle from a volume perspective in the face of weak demand. One silver lining is an expected uptick in consumption from World Cup and USA 250 events. We also like SAM's balance sheet ($129M of net cash at the end of Q1) and robust gross margins (49.3% in Q1), but we see more compelling opportunities across the beverage space at current levels.

$SAM

Wire55d ago

RBC Capital Adjusts Boston Beer Price Target to $242 From $245, Maintains Sector Perform Rating

$SAM

Wire55d ago

UBS Adjusts Price Target on Boston Beer to $245 From $250, Maintains Neutral Rating

Boston Beer Company (SAM) has an average rating of hold and mean price target of $235.24, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $217.50, Change: $-19.54, Percent Change: -8.24%

$SAM

Research56d ago

Research Alert: Sam: Q1 Falls Short; 2026 Volume Guidance Reduced

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:SAM posted Q1 adjusted EPS of $1.64 vs. $2.16 (down 24%), well short of the $1.97 consensus, while net revenue fell 4.4% to $433.9M on a 6.9% decline in shipments reflecting difficult comps. Gross margin expanded 100 bps to 49.3%, 50 bps ahead of consensus, driven by pricing actions, favorable product mix, and improved brewery efficiencies. We think management is doing a solid job managing the business given the difficult backdrop of broader industry headwinds and changing consumer preferences pressuring the alcoholic beverage sector. SAM lowered 2026 volume guidance to down low-single digits to down mid-single digits from flat to down mid-single digits, with non-GAAP EPS guidance of $8.50-$10.50 excluding $216M litigation impact. We note management has a history of providing conservative guidance, but demand-related headwinds are real as volume weakness continues reflecting challenging industry conditions and cost pressures from commodities and tariffs.

$SAM

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