Boston Beer Company IncSAM
▼ NegativeCapitalrelevance
Fair value estimate cut and multiple analyst price-target reductions following Q2 earnings miss.
Impact on stocks 1
Consumer Staples
Boston Beer Company IncSimply Wall St has lowered its fair value estimate for Boston Beer Company to US$199.85 from US$230.39, reflecting reduced revenue growth and net profit margin assumptions following the company's second-quarter earnings miss. The revenue growth assumption was cut to 0.33% from 1.11%, the net profit margin to 5.52% from 5.98%, and the forward P/E multiple to 18.37x from 18.85x, while the discount rate rose to 7.24% from 7.11%. The revision aligns with a wave of analyst price-target cuts from firms including Goldman Sachs, which moved to US$169 from US$192, and Jefferies, which went to US$195 from US$230, amid concerns over softer volumes and brand concentration. Roth Capital maintained a Buy rating but trimmed its target to US$295 from US$315, citing potential cost savings and gross margin expansion.
Boston Beer Company IncFair value estimate cut and multiple analyst price-target reductions following Q2 earnings miss.