Boston Beer (SAM) AI Stock Analysis

• Market Cap: $2.21B
• Dividend Yield: N/A
• Average Volume (3M): 204.96K
• Price to Earnings (P/E): 24.4
• Beta (1Y): 0.34
• Revenue Growth: -1.13%
• EPS Growth: 24.34%
• Country: US
• Employees: 2,537
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Alcoholic
• EPS (TTM): 4.25
• Shares Outstanding: 8,590,368
• 10 Day Avg. Volume: 231,750
• 30 Day Avg. Volume: 204,961
• PEG Ratio: -3.19
• Price to Book (P/B): 3.87
• Price to Sales (P/S): 1.76
• P/FCF Ratio: 20.54
• Enterprise Value/Market Cap: 0.96
• Enterprise Value/Revenue: 1.35
• Enterprise Value/Gross Profit: 2.71
• Enterprise Value/Ebitda: 8.41
• 1Y Price Target: $240.26
• Price Target Upside: 16.07% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 13

• Rating: 74 Outperform
• Price Target: $239.00 ▲(15.46% Upside)

Boston Beer's strong financial performance and effective cash flow management are key strengths, supporting its ability to invest in growth. Despite technical indicators showing a bearish trend, the company’s strategic initiatives and margin improvements provide a positive outlook. Valuation is moderate, but challenges in certain product lines and a lack of dividend yield are notable concerns.

Positive Factors

Strong Margin Expansion

The significant margin expansion indicates improved cost efficiencies and a favorable product mix, enhancing long-term profitability.

Cash Flow Generation

Strong cash flow generation supports reinvestment in growth initiatives and provides financial flexibility for strategic opportunities.

Improved Internal Production

Increased internal production enhances control over quality and costs, contributing to better margins and operational efficiency.

Negative Factors

Decline in Twisted Tea Sales

Declining sales in key product lines like Twisted Tea can impact revenue growth and market share, posing challenges for brand recovery.

Challenges in Hard Seltzer Category

The decline in the hard seltzer category, coupled with market share loss, indicates competitive pressures and changing consumer preferences.

Q3 Revenue Decline

A significant revenue decline suggests challenges in maintaining sales momentum, which could affect future growth and market positioning.

Boston Beer Business Overview & Revenue Model

Company Description

Boston Beer Company, Inc. (SAM) is an American brewery founded in 1984, primarily known for its flagship Samuel Adams brand. The company operates in the alcoholic beverage sector, focusing on the production and sale of craft beers, ciders, and hard seltzers. Boston Beer offers a diverse portfolio of products that includes various beer styles, such as lagers, IPAs, and seasonal brews, as well as its Truly Hard Seltzer and Angry Orchard cider brands, catering to a wide range of consumer preferences within the craft beverage market.

How the Company Makes Money

Boston Beer generates revenue primarily through the sale of its alcoholic beverages, including beers, ciders, and hard seltzers. The company operates on a direct-to-consumer model as well as through distribution agreements with wholesalers and retailers across the United States and internationally. Key revenue streams include the sale of packaged products (cans and bottles) and draft beer served in bars and restaurants. The company's innovative product development, seasonal offerings, and limited-edition releases also help to drive sales. Additionally, partnerships with distributors and retailers enhance market reach and brand visibility, contributing to its overall earnings.

Boston Beer Financial Statement Overview

Summary

Boston Beer is in a solid financial position with stable revenue growth and strong cash flow generation. While profitability metrics suggest areas for operational improvements, the company maintains a healthy balance sheet with low leverage, supporting its ability to invest in growth opportunities.

Income Statement

Boston Beer shows solid profitability with a healthy gross profit margin of 45.1% and a net profit margin of 3.8% in TTM (Trailing-Twelve-Months). The revenue growth rate is moderate at 5%, indicating stable sales performance. However, EBIT and EBITDA margins are relatively low at 5% and 11.7%, respectively, suggesting room for operational efficiency improvements.

Balance Sheet

The company's balance sheet is robust with a low debt-to-equity ratio of 0.05, indicating low leverage and financial stability. The equity ratio stands at 71.9%, reflecting a strong capital structure. However, the return on equity (ROE) is modest at 8.7%, pointing to moderate profitability for shareholders.

Cash Flow

Boston Beer's cash flow is strong, with a free cash flow growth rate of 28.6% in TTM, highlighting effective cash management. The operating cash flow to net income ratio is 3.6, and the free cash flow to net income ratio is 2.8, both indicating excellent cash conversion and liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2019	Dec 2018
Income Statement
Total Revenue	1.58B	2.01B	2.01B	2.09B	1.25B	995.65M
Gross Profit	784.90M	893.73M	852.37M	861.99M	614.17M	512.24M
EBITDA	252.71M	245.78M	209.96M	207.41M	202.09M	168.50M
Net Income	131.00M	59.70M	76.25M	67.26M	110.04M	92.66M
Balance Sheet
Total Assets	1.25B	1.25B	1.43B	1.42B	1.05B	639.85M
Cash, Cash Equivalents and Short-Term Investments	250.45M	211.82M	298.49M	180.56M	36.67M	108.40M
Total Debt	40.90M	38.78M	45.27M	54.14M	59.11M	0.00
Total Liabilities	335.62M	333.83M	352.06M	352.22M	318.42M	179.53M
Stockholders Equity	910.98M	916.19M	1.08B	1.07B	735.64M	460.32M
Cash Flow
Free Cash Flow	193.52M	172.62M	201.06M	109.36M	85.01M	107.94M
Operating Cash Flow	230.24M	248.89M	265.15M	199.94M	178.24M	163.45M
Investing Cash Flow	-36.67M	-96.25M	-62.38M	-88.51M	-258.83M	-55.34M
Financing Cash Flow	-154.91M	-239.31M	-84.84M	2.80M	8.86M	-65.34M

Boston Beer Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 206.99
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SAM, the sentiment is Negative. The current price of 206.99 is below the 20-day moving average (MA) of 220.07, below the 50-day MA of 219.94, and below the 200-day MA of 225.53, indicating a bearish trend. The MACD of -1.71 indicates Positive momentum. The RSI at 39.17 is Neutral, neither overbought nor oversold. The STOCH value of 6.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SAM.

Boston Beer Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BUD	―	$121.73B	16.91	8.97%	1.72%	-2.06%	21.03%
ABEV	―	$37.25B	14.09	15.08%	1.96%	-0.79%	-10.83%
SAM	―	$2.21B	24.40	9.58%	―	-1.13%	24.34%
CCU	―	$2.36B	15.20	10.15%	3.52%	13.92%	32.69%
Sector *	―	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
TAP	―	$8.68B	8.61	7.79%	4.23%	-5.48%	-6.99%
STZ	―	$23.00B	19.18	15.91%	3.10%	-5.57%	119.49%

Boston Beer Corporate Events

Boston Beer Appoints New Chief People Officer

On October 23, 2025, Carolyn L. O’Boyle announced her resignation as Chief People Officer of Boston Beer, effective November 7, 2025, after more than five years in the role. Her departure is amicable and unrelated to any disagreements with the company. The Board of Directors has appointed Laura J. Boynton as the new Chief People Officer, effective October 29, 2025. Boynton, who has been with the company since 2001, will oversee people and culture initiatives, reporting to the CEO and COO.

The most recent analyst rating on (SAM) stock is a Buy with a $262.00 price target. To see the full list of analyst forecasts on Boston Beer stock, see the SAM Stock Forecast page.

Boston Beer Company Balances Achievements and Challenges in Q3 Earnings Call

The recent earnings call for Boston Beer Company presented a balanced view of the company’s performance. While there were notable achievements such as significant margin expansion and strong performance from the Sun Cruiser brand, the company also faced challenges with declining sales in Twisted Tea and Truly Hard Seltzer, along with a revenue decline in the third quarter.

Boston Beer Company Reports Mixed Q3 2025 Results

The Boston Beer Company, Inc., a leading craft brewer in the United States, is renowned for its diverse range of alcoholic beverages, including craft beer, hard cider, hard seltzer, and hard tea, with popular brands such as Samuel Adams and Angry Orchard.

Boston Beer Appoints New COO Phil Hodges

On October 20, 2025, Boston Beer Company announced significant leadership changes, appointing Phil Hodges as Chief Operating Officer. Hodges, who has extensive experience in consumer packaged goods, will focus on enhancing operational execution and implementing margin enhancement initiatives. This move allows CEO Jim Koch to concentrate on strategic areas such as innovation and brand investment. Additionally, Phil Savastano was promoted to Chief Supply Chain Officer, reflecting the company’s commitment to improving operational efficiency and shareholder value.

The most recent analyst rating on (SAM) stock is a Buy with a $252.00 price target. To see the full list of analyst forecasts on Boston Beer stock, see the SAM Stock Forecast page.

Boston Beer Grants Stock Award to CFO Amid Transition

On August 11, 2025, Boston Beer Company’s Board of Directors granted a restricted stock award valued at approximately $1.2 million to Treasurer and CFO Diego Reynoso, aimed at retention amid a CEO transition. Additionally, the company initiated a 10b5-1 plan to repurchase up to $50 million of its Class A Common Stock between September 29, 2025, and December 26, 2025, reflecting strategic financial management.

The most recent analyst rating on (SAM) stock is a Hold with a $305.00 price target. To see the full list of analyst forecasts on Boston Beer stock, see the SAM Stock Forecast page.

Boston Beer CEO Michael Spillane Steps Down

The Boston Beer Company announced that Michael Spillane will step down as President and CEO on August 15, 2025, for personal reasons, and will remain in an advisory role until March 31, 2026. Jim Koch, the company’s founder and chairman, will resume the role of President and CEO, a position he held from 1984 to 2001. Spillane’s leadership saw the company through a profitable period, and he will continue to influence the company’s strategy as a board member. This leadership transition is expected to maintain the company’s strategic direction and commitment to long-term shareholder value.

The most recent analyst rating on (SAM) stock is a Hold with a $305.00 price target. To see the full list of analyst forecasts on Boston Beer stock, see the SAM Stock Forecast page.