Boston Beer Reports Fourth Quarter Financial Results

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Go back to Boston Beer Reports Fourth Quarter Financial Results

Boston Beer Company (SAM) PT Lowered to $275 at Morgan Stanley

February 28, 2024 5:06 AM EST

Morgan Stanley analyst Eric Serotta lowered the price target on Boston Beer Company (NYSE: SAM) to $275.00 (from $285.00) while maintaining a Underweight rating.

The analyst comments "We expect a negative reaction following SAM's 4Q results and weaker than expected FY24 EPS guidance that... More

Boston Beer Company (SAM) PT Lowered to $350 at Citi, 'we don’t see a clear path to a return to sustained depletions growth'

February 28, 2024 3:22 AM EST

Citi analyst Wendy Nicholson lowered the price target on Boston Beer Company (NYSE: SAM) to $350.00 (from $370.00) while maintaining a Neutral rating.

The analyst comments "SAM reported 4Q23 EPS of -$1.49 (vs. our -$0.64 estimate and VA cons. of -$0.56) on softer... More