Boston Beer (SAM) dips 11% on poor Q4 earnings and guidance; analysts cut estimates

CFRA Downgrades Boston Beer Company (SAM) to Sell

CFRA analyst Garrett Nelson downgraded Boston Beer Company (NYSE: SAM) from Hold to Sell with a price target of $275.00 (from $350.00).

The analyst comments "We cut our 12-month target by $75 to $275, representing a '25 P/E of 27x, a justified discount to its 10-year average... More

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

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'

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

Boston Beer Co. (SAM) Misses Q4 EPS by 115c; misses on guidance

Boston Beer Co. (NYSE: SAM) reported Q4 EPS of ($1.49), $1.15 worse than the analyst estimate of ($0.34). Revenue for the quarter came in at $393.72 million versus the consensus estimate of $413.77 million.

GUIDANCE:

Boston Beer Co. sees FY2024 EPS of $7.00-$10.00, versus the... More

Boston Beer Co. (SAM) Announces CEO Retirement

The Boston Beer Company (NYSE: SAM) today announced leadership changes effective April 1, 2024. Dave Burwick will retire as President and Chief Executive Officer and member of the Board of Directors, with Michael Spillane to assume the President and CEO role effective upon Burwicks retirement. Spillane is currently the lead director of The Boston... More