The Boston Beer Company, Inc. (SAM) Stock Price & Analysis
The Boston Beer Company, Inc. (SAM) is trading at USD 198.21, up 1.27% today, as of October 23, 2026 at 17:28 UTC (US market open; quotes may be delayed), according to Nexqual market data.
SAM last closed at USD 195.72; today's session has ranged USD 191.44–203.9 on volume of 234,296 shares. Market capitalization is $2.01B, with a 52-week range of USD 158.68–264.46 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 17:28 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SAM.md
Key facts (SAM)
- Last four reported quarters (through Sep 26, 2026): revenue $1.91B, net income -$73.1M (-3.8% margin), free cash flow $185M (SEC filings).
- 1 of 80 tracked superinvestors hold SAM (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Hold (mean 3.07 on a 1–5 scale) (14 analysts), mean target USD 194.92 (range 153–295).
- Total return with dividends: 1Y -9.8% vs S&P 500 +14.4%; 5Y -59.8% vs S&P 500 +77.0%.
- Next earnings: 2026-10-22, EPS estimate USD -0.77, revenue estimate $390M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SAM)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.06B | $2.09B | $2.01B | $2.01B | $1.96B | $1.91B |
| Gross profit | $798M | $862M | $852M | $894M | $953M | — |
| Operating income | $8.0M | $90.8M | $100M | $76.0M | $145M | -$96.4M |
| Net income | $14.6M | $67.3M | $76.3M | $59.7M | $108M | -$73.1M |
| EPS (diluted) | $1.17 | $5.44 | $6.21 | $5.06 | $9.89 | — |
| Free cash flow | -$91.6M | $109M | $201M | $173M | $216M | $185M |
| Gross margin | 38.8% | 41.2% | 42.4% | 44.4% | 48.5% | — |
| Operating margin | 0.4% | 4.3% | 5.0% | 3.8% | 7.4% | -5.1% |
| Net margin | 0.7% | 3.2% | 3.8% | 3.0% | 5.5% | -3.8% |
| Revenue growth | +18.5% | +1.6% | -3.9% | +0.2% | -2.4% | — |
| Cash + short-term investments | $26.9M | $181M | $298M | $212M | $223M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Sep 26, 2026) (SAM)
P/S 1.1x · P/FCF 10.9x · P/B 2.7x · FCF yield 9.20% · Earnings yield -3.63% · Buyback yield (TTM) 6.23%
P/E at fiscal year-ends: Dec 2025 19.7x, Dec 2024 59.1x, Dec 2023 55.6x.
Superinvestors (SEC 13F-HR, Q2 2026) (SAM)
1 of 80 tracked investors hold SAM. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mason Hawkins | Southeastern Asset Management | 1.35% | $25.9M | Added +23.4% |
Analysts (SAM)
Consensus Hold (mean 3.07 on a 1–5 scale), 14 analysts; mean target USD 194.92 (low 153, high 295).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-06 | RBC Capital | Target lowered | Sector Perform | $210 → $190 |
| 2026-07-25 | Jefferies | Target lowered | Hold | $230 → $195 |
| 2026-07-24 | Citigroup | Target lowered | Neutral | $195 → $185 |
| 2026-07-24 | Roth Capital | Target lowered | Buy | $315 → $295 |
| 2026-07-24 | RBC Capital | Target lowered | Sector Perform | $234 → $210 |
| 2026-07-16 | UBS | Target lowered | Neutral | $245 → $190 |
| 2026-07-14 | Citigroup | Target lowered | Neutral | $240 → $195 |
| 2026-07-08 | Goldman Sachs | Target lowered | Sell | $192 → $169 |
Total return (dividends reinvested) (SAM)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -9.8% | -59.8% |
| S&P 500 (SPY) | +14.4% | +77.0% |
| Per year | -9.8% | -16.7% |
| Volatility (annualized) | 37.7% | 38.0% |
| Max drawdown | -38.1% (Apr 2026→Jun 2026) | -69.2% (Dec 2021→Sep 2026) |
SAM suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | PepsiCo (PEP) | “In 2021, the Company entered a licensing agreement with PepsiCo, Inc. ("Pepsi").” |
| Competitor | Apple (AAPL) | “The Company's Twisted Tea beverages compete within the Beyond Beer FMB category, which includes brands such as Twisted Tea, Mike's Hard Lemonade, Smirnoff Ice, Cayman Jack, Clubtails, Beast Unleashed, Bud Light Lime, Redd's Apple Ale, and Seagram's Escapes.” |
Quoted from the company's 10-K filed Feb 24, 2026.
SAM company outlook (results filed Oct 22, 2026)
- “The Company's current estimates of these cost increases are reflected in its guidance. • Supply chain improvements implemented during 2025 resulted in more consistent levels of distributor inventory in terms of weeks on hand.”
- “The impact of these changes on prior-year shipment flows, together with the expected timing of shipments to meet customer demand in 2026, continues to influence the quarterly phasing of shipments.”
- “At the midpoint of the full year guidance range, the Company expects year-over-year gross margin rate improvement to be the most meaningful in the fourth quarter as shortfall fees are expected to be lower in 2026 versus 2025 and the Company typically expenses the majority of its shortfall fees in the fourth quarter. • During full year 2026, the Company e”
Quoted word-for-word from the SEC 8-K results press release.
SAM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $-0.77 | $-0.91 | -15.4% | $389.6M | 6 |
| Next quarter (ends Mar 2027) | $1.89 | $1.89 | +0.0% | $434.0M | 8 |
| Current fiscal year (ends Dec 2026) | $9.00 | $9.07 | -0.8% | $1.91B | 9 |
| Next fiscal year (ends Dec 2027) | $10.04 | $10.57 | -5.1% | $1.91B | 13 |
Key Statistics (as of October 23, 2026 at 17:28 UTC)
| Price | USD 198.21 |
|---|---|
| Change | ▲ 1.27% (up) |
| Previous Close | USD 195.72 |
| Open | USD 196.13 |
| Day Range | USD 191.44 – 203.9 |
| 52-Week Range | USD 158.68 – 264.46 |
| Volume | 234,296 shares |
| Market Cap | $2.01B |
| Exchange | NYQ |
Technical Analysis (SAM)
Nexqual's technical model rates SAM "BUY" based on 5 bullish and 3 bearish signals across 128 daily candles, as of October 23, 2026 at 17:28 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 82.54 (overbought) |
| vs SMA50 | Above (USD 175.51) |
| MACD | 5.15 (positive) |
Analyst Ratings (SAM)
Wall Street analysts rate SAM "Hold" based on 14 analysts, with a mean price target of USD 194.92 (range USD 153–295), per Nexqual as of October 23, 2026 at 17:28 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 14 |
| Mean Target | USD 194.92 |
| High Target | USD 295 |
| Low Target | USD 153 |
| Buy / Hold / Sell | 1 / 11 / 2 |
Earnings (SAM)
| Next Earnings Date | 2026-10-22 |
|---|---|
| EPS Estimate | USD -0.77 |
| Revenue Estimate | $389.61M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 4.37 vs est 4.21 ▲ beat |
| 2026-06-30 | USD 3.65 vs est 4.83 ▼ miss |
| 2026-03-31 | USD 1.64 vs est 1.97 ▼ miss |
| 2025-12-31 | USD -2.12 vs est -2.51 ▲ beat |
Source: Nexqual, October 23, 2026 at 17:28 UTC.
Financials & Fundamentals (SAM)
| Total Revenue | $1.93B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -3.30% |
| Gross Margin | +48.88% |
| Operating Margin | +9.33% |
| Profit Margin | -3.64% |
| ROE | -8.61% |
| Debt / Equity | 0.04 |
| Current Ratio | 1.05 |
| Total Cash | $265.55M |
| Total Debt | $31.55M |
| Free Cash Flow (last four quarters to Sep 2026, SEC 10-Q / 10-K) | $185.06M (9.7% of revenue) |
Source: Nexqual, October 23, 2026 at 17:28 UTC.
Financial Health Score (SAM)
Nexqual rates The Boston Beer Company, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 17:28 UTC.
| Growth | Weak — Revenue -2% YoY (annual), declining |
|---|---|
| Profitability | Strong — Gross margin 49%, operating 9% (last 12 months) |
| Balance Sheet | Strong — $266M cash vs $32M debt, net cash position |
| Cash Flow | Solid — FCF $185M (last 4 quarters to Sep 2026, SEC), 10% margin |
| Efficiency | Critical — ROE -9%, ROA 5.4% |
Ownership (SAM)
| Insider Ownership | +9.34% |
|---|---|
| Institutional Ownership | +109.54% |
| Shares Outstanding | 8.08M |
| Float | 6.78M |
| Short % of Float | +24.53% |
Source: Nexqual, October 23, 2026 at 17:28 UTC.
Leadership (SAM)
The Boston Beer Company, Inc. is led by C. James Koch, Founder, Chairman, President & CEO, per Nexqual as of October 23, 2026 at 17:28 UTC.
| Founder, Chairman, President & CEO | C. James Koch |
|---|---|
| Chief Operating Officer | Philip A. Hodges |
| Founder, Brewer of Dogfish Head & Director | Samuel A. Calagione |
| Interim Treasurer & CFO and Chief Accounting Officer | Matthew Donal Murphy |
Major Backers & Investors (SAM)
Notable institutional backers of The Boston Beer Company, Inc. include AQR Capital Management, LLC, UBS Group AG, American Century Companies Inc, according to Nexqual as of October 23, 2026 at 17:28 UTC.
Active Investors
| Investor | Stake |
|---|---|
| AQR Capital Management, LLC | 6.47% |
| UBS Group AG | 5.21% |
| American Century Companies Inc | 4.62% |
| Arrowstreet Capital, Limited Partnership | 3.85% |
| Millennium Management | 3.4% |
| Longleaf Partners Funds Trust-Longleaf Partners Small-Cap Fund | 1.75% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 12.17% |
| Vanguard Group | 11.44% |
| Dimensional Fund Advisors | 3.85% |
| State Street | 3.77% |
Source: Nexqual, October 23, 2026 at 17:28 UTC.
From The Boston Beer Company, Inc.'s Latest SEC 10-K Filing (filed 2026-02-24)
Key Strengths & Strategy (as disclosed to the SEC)
- The Company is the second largest supplier in Beyond beer at a 20% market share.
- The Company made capital investments in 2025 of approximately $54.5 million, most of which represented investments in breweries owned by the Company.
Partnerships
- In 2021, the Company entered a licensing agreement with PepsiCo, Inc. ("Pepsi").
- In December of 2024 the Company entered into an amendment and restatement in its entirety of an existing production agreement with a third-party supplier, Rauch North America Inc ("Rauch").
Legal & Regulatory Risks (Item 1A, quoted)
- Changes in public attitudes and drinker tastes could harm the Company's business. Regulatory changes in response to public attitudes could adversely affect the Company's business.
- Risks Related to Law and Regulations
- Changes in tax, environmental and other regulations, government shutdowns or failure to comply with existing licensing, trade or other regulations could have a material adverse effect on the Company's financial condition.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| TAP-A | Molson Coors Beverage Company | USD 44.47 | ▲ 4.54% |
| STZ | Constellation Brands, Inc. | USD 138.06 | ▼ 0.66% |
| FMX | Fomento Economico Mexicano S.A. | USD 128.57 | ▼ 0.36% |
| ABEV | Ambev S.A. | USD 3.3 | ▼ 0.9% |
| BUD | Anheuser-Busch Inbev SA Sponsor | USD 84.21 | ▼ 1.5% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 17:28 UTC. This page is informational and not investment advice.
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