Boston Beer Company, Inc. (SAM) reported second-quarter 2026 revenue of $568.3 million, coming in slightly below the $573.9 million estimate. Sales declined 3.3% from a year earlier, while gross profit slipped 2.1% to $286.4 million.
Profitability also softened during the quarter. Operating profit fell 13.8% to $70.8 million, and net income attributable to common shareholders declined 14.7% to $51.6 million. Diluted earnings per share came in at $4.96, just under the $4.96 estimate.
On the cash flow side, the company generated $138.0 million from operating activities, up 9.1% year over year. Cash and cash equivalents rose to $265.5 million, while total liabilities increased to $540.5 million.
- Revenue: $568.3 million
- Operating profit: $70.8 million
- Net income: $51.6 million
- Operating cash flow: $138.0 million
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
The Boston Beer Company, Inc. Hedge Fund Activity
We have seen 159 institutional investors add shares of The Boston Beer Company, Inc. stock to their portfolio, and 140 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AQR CAPITAL MANAGEMENT LLC added 211,760 shares (+48.1%) to their portfolio in Q1 2026, for an estimated $48,789,504
- FMR LLC removed 165,510 shares (-45.9%) from their portfolio in Q1 2026, for an estimated $38,133,504
- QUANTINNO CAPITAL MANAGEMENT LP added 140,247 shares (+155.2%) to their portfolio in Q1 2026, for an estimated $32,312,908
- AMERICAN CENTURY COMPANIES INC added 96,479 shares (+50.4%) to their portfolio in Q1 2026, for an estimated $22,228,761
- GOLDMAN SACHS GROUP INC added 89,245 shares (+160.2%) to their portfolio in Q1 2026, for an estimated $20,562,048
- CITADEL ADVISORS LLC removed 79,729 shares (-60.0%) from their portfolio in Q1 2026, for an estimated $18,369,561
- GOTHAM ASSET MANAGEMENT, LLC removed 78,592 shares (-31.6%) from their portfolio in Q1 2026, for an estimated $18,107,596
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
The Boston Beer Company, Inc. Price Targets
Multiple analysts have issued price targets for $SAM recently. We have seen 9 analysts offer price targets for $SAM in the last 6 months, with a median target of $230.0.
Here are some recent targets:
- Bonnie Herzog from Goldman Sachs set a target price of $169.0 on 07/08/2026
- Eric Serotta from Morgan Stanley set a target price of $220.0 on 05/06/2026
- Nadine Sarwat from Bernstein set a target price of $210.0 on 05/05/2026
- Filippo Falorni from Citigroup set a target price of $250.0 on 05/04/2026
- Eric Serotta from Evercore ISI Group set a target price of $240.0 on 05/01/2026
- Nik Modi from RBC Capital set a target price of $242.0 on 05/01/2026
- Peter Grom from UBS set a target price of $245.0 on 05/01/2026
