Goldman Sachs Cuts PT on The Boston Beer Company (SAM) – Here’s Why

The Boston Beer Company, Inc. (NYSE:SAM) is one of the best small cap stocks to buy with the highest upside potential. Goldman Sachs cut the price target on The Boston Beer Company, Inc. (NYSE:SAM) to $169 from $192 on July 8 and reiterated a Sell rating on the shares. For reference, in its financial results for the first quarter ended March 28, 2026, The Boston Beer Company, Inc. (NYSE:SAM) reported that depletions decreased 4% and shipments decreased 6.9%.

Net revenue for the quarter reached $433.9 million, reflecting a decrease of 4.4%, while gross margin reached 49.3%, up 100 basis points year over year. The company further reported that GAAP diluted loss per share for the quarter was $13.88, which includes non-recurring litigation expenses of $15.52 per share, and non-GAAP diluted earnings per share were $1.64. The Boston Beer Company, Inc. (NYSE:SAM) ended the first quarter with $164.1 million in cash and no debt, and repurchased $31 million in shares from December 29, 2025, to April 24, 2026.

The Boston Beer Company, Inc. (NYSE:SAM) is involved in the production and sale of alcoholic beverages. The company’s brands include Truly Hard Seltzer, Twisted Tea, Samuel Adams, Angry Orchard, Sun Cruiser, and Dogfish Head Craft Brewery.

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