Research Alert: CFRA Maintains Hold Opinion On Shares Of Boston Beer Company
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CFRA maintains a Hold opinion on Boston Beer Company (SAM) shares, lowering the 12-month target by $5 to $230 due to weaker growth expectations. Adjusted EPS estimates are reduced for 2026 and 2027 following SAM's Q1 earnings miss and lowered volume guidance. Despite challenges in meeting earnings guidance, an increase in consumption from upcoming events is anticipated. SAM's balance sheet remains strong with $129M in net cash and gross margins at 49.3%, but CFRA sees better opportunities in the beverage sector.
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