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

01 May 2026, 00:50 by Amy Steele · The Cerbat Gem

Boston Beer (NYSE:SAM – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 8.500-10.500 for the period, compared to the consensus EPS estimate of 9.980. The company issued revenue guidance of -.

Boston Beer Trading Up 0.2%

NYSE SAM traded up $0.38 during trading on Thursday, reaching $236.87. 217,503 shares of the company’s stock were exchanged, compared to its average volume of 219,866. Boston Beer has a fifty-two week low of $185.34 and a fifty-two week high of $264.46. The company’s fifty day simple moving average is $235.05 and its 200-day simple moving average is $219.01. The firm has a market capitalization of $2.48 billion, a PE ratio of 24.32, a P/E/G ratio of 2.26 and a beta of 0.90.

Boston Beer (NYSE:SAM – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.32). The business had revenue of $433.93 million during the quarter, compared to analyst estimates of $436.77 million. Boston Beer had a net margin of 5.20% and a return on equity of 12.16%. Boston Beer’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.16 EPS. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. Equities analysts forecast that Boston Beer will post 10.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Boston Beer from $226.00 to $211.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Weiss Ratings lowered shares of Boston Beer from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, February 25th. Citigroup boosted their price target on shares of Boston Beer from $230.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Zacks Research raised shares of Boston Beer from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 23rd. Finally, Morgan Stanley cut their price objective on Boston Beer from $245.00 to $235.00 and set an “equal weight” rating for the company in a report on Wednesday, February 25th. Ten investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Boston Beer has a consensus rating of “Reduce” and a consensus target price of $232.30.

Check Out Our Latest Stock Analysis on Boston Beer

More Boston Beer News

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

Positive Sentiment: New marketing / product initiative: Dogfish Head launched a limited‑edition collaborative beer tied to Survivor’s 50th season — a brand‑building, short‑term promotional push that may help retail visibility and seasonal sales. Dogfish Head & Survivor launch
Neutral Sentiment: Top‑line was broadly in line with street expectations: several outlets note Q1 sales roughly matched estimates, limiting immediate downside from the revenue line. Q1 sales in line with estimates
Neutral Sentiment: Company filed its Q1 press release and hosted a conference call; management provided detail on results and guidance (useful for listening to management tone). Q1 financial results press release
Negative Sentiment: Q1 earnings missed estimates: SAM reported $1.64 EPS vs. consensus near $1.85–1.96, down from $2.16 a year ago — a clear earnings shortfall that pressured near‑term sentiment. Earnings and revenue miss
Negative Sentiment: Revenue declined year‑over‑year (~4.4%) and slightly missed consensus — signaling demand pressure and weighing on margins. Q1 revenue snapshot
Negative Sentiment: Updated FY‑2026 EPS guidance of $8.50–$10.50 comes in below the sell‑side consensus (~$9.98 midpoint), leaving uncertainty around beat/miss outcomes for the year. FY‑2026 guidance
Negative Sentiment: Litigation risk: a recent jury verdict in favor of Ardagh Metal Packaging (alleging contract non‑performance) has led to charges and a cut to outlook; Boston Beer says it will contest the ruling — litigation expense and uncertainty add downside risk to earnings and free cash flow. WSJ on litigation and outlook

Institutional Trading of Boston Beer

Several large investors have recently added to or reduced their stakes in SAM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Boston Beer by 154.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock valued at $49,000 after purchasing an additional 141 shares in the last quarter. Group One Trading LLC bought a new stake in Boston Beer in the fourth quarter worth $52,000. CIBC Private Wealth Group LLC boosted its holdings in 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 purchasing an additional 239 shares in the last quarter. US Bancorp DE increased its position in Boston Beer by 28.2% during the third quarter. US Bancorp DE now owns 386 shares of the company’s stock worth $82,000 after buying an additional 85 shares during the last quarter. Finally, Quarry LP increased its position in Boston Beer by 447.9% during the third quarter. Quarry LP now owns 515 shares of the company’s stock worth $109,000 after buying an additional 421 shares during the last quarter. 81.13% of the stock is owned by institutional investors.

Boston Beer Company Profile

(Get Free Report)

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.