Boston Beer Company, Inc. (The) Stock 12‑Month Price Target Raised to $195.85

Morgan Stanley raised its price target for Boston Beer (SAM) to $200 from $190, citing better-than-expected Q3 earnings of $4.37 per share and improved gross margins. The company reported $520.1M in revenue, slightly below estimates, but raised fiscal 2026 EPS guidance. Analysts noted margin gains and cost efficiencies despite volume declines and higher freight costs.

Boston Beer Co (SAM) reported a Q3 2026 gross margin of 51.7%, up 90 bps YoY, driven by efficiencies and price increases. SunCruiser grew 60% in tracked channels, while Angry Orchard saw triple-digit growth in seasonal packs. However, depletions and shipments declined 5% due to struggles in Twisted Tea, Truly, and Samuel Adams. The company faces cost headwinds but repurchased $80M in shares YTD. SAM raised gross margin and EPS guidance, citing savings agenda progress.

Jefferies raised its price target for Boston Beer Company (SAM) to $200 from $185, citing margin progress. The stock has fallen 18.6% in six months. SAM's Q3 2026 earnings beat estimates at $4.37 per share, but revenue missed at $520.1M. Gross margin improved to 51.7%.

Boston Beer (SAM) reported Q3 2026 earnings, highlighting a 90-basis-point gross margin increase to 51.7% and $80M in share repurchases. Sun Cruiser grew 60%, while Angry Orchard saw consecutive quarter growth. Full-year guidance was narrowed, with depletions and shipments expected to decline mid-single digits. The company raised gross margin and EPS guidance despite elevated freight costs.

Boston Beer (SAM) reported Q3 non-GAAP EPS of $4.37, excluding litigation costs. Full-year guidance was narrowed, with depletions and shipments expected to decline mid-single digits. Gross margin is forecasted at 49-50%, and non-GAAP EPS guidance is $9.00-$10.50. Sun Cruiser grew 60% in Q3, while Truly is undergoing strategy reassessment. The company ended Q3 with $308M in cash and $150M available on its credit line.

Boston Beer (SAM) reported Q3 EPS of $4.37, beating estimates by $0.15, but revenue of $520.1M missed expectations. The company forecasted FY 2026 EPS of $9.00-$10.50, above analyst consensus. SAM's stock is up 8.64% over 3 months but down 10.89% year-over-year.