---
title: "Research Alert: CFRA Maintains Hold Opinion On Shares Of Boston Beer Company"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285100584.md"
description: "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."
datetime: "2026-05-04T16:45:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285100584.md)
  - [en](https://longbridge.com/en/news/285100584.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285100584.md)
---

# Research Alert: CFRA Maintains Hold Opinion On Shares Of Boston Beer Company

12:45 PM EDT, 05/04/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target by $5 to $230, based on a 2027 P/E of 21.9x, a steep discount to SAM's historical average forward P/E multiple on weaker growth expectations. We lower our adjusted EPS estimates to $8.80 from $9.30 for 2026 and to $10.50 from $10.75 for 2027. Following SAM's Q1 earnings release, we lower our estimates and price target and maintain a Hold opinion on the shares. SAM's Q1 earnings fell short of consensus, and the company lowered its 2026 volume guidance but left 2026 adjusted EPS guidance unchanged. In our view, SAM could be challenged to hit the earnings guidance and we think the company will continue to struggle from a volume perspective in the face of weak demand. One silver lining is an expected uptick in consumption from World Cup and USA 250 events. We also like SAM's balance sheet ($129M of net cash at the end of Q1) and robust gross margins (49.3% in Q1), but we see more compelling opportunities across the beverage space at current levels.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

### Related Stocks

- [SAM.US](https://longbridge.com/en/quote/SAM.US.md)

## Related News & Research

- [Berenberg Bank Reaffirms Their Hold Rating on Boston Beer (SAM)](https://longbridge.com/en/news/285886167.md)
- [Research Alert: CFRA Maintains Hold Opinion On Shares Of Cava Group Inc.](https://longbridge.com/en/news/287016801.md)
- [OpenAI's chip partner Cerebras hit Wall Street, and that means a big payday for Sam Altman](https://longbridge.com/en/news/286457703.md)
- [Engaging In Insider Activity, Sam Samad At IDEXX Laboratories Exercises Options Worth $0](https://longbridge.com/en/news/286585689.md)
- [Research Alert: Rcl: Mexico Setback Threatens Key Growth Catalyst; Maintaining Hold Opinion](https://longbridge.com/en/news/287093698.md)