Boston Beer Company's stock plummeted 7.19% during intraday trading on Wednesday, following the release of its quarterly earnings report and a series of analyst price target reductions.
The company reported a fiscal fourth-quarter net loss of $2.12 per diluted share, which narrowed from a loss of $3.38 a year earlier. However, revenue for the quarter decreased to $385.7 million from $402.3 million a year ago. For 2026, the brewery initiated an EPS outlook ranging from $8.50 to $11.00.
Several analysts revised their targets on the stock downward. Deutsche Bank cut its price target to $226 from $233, while Morgan Stanley lowered its target to $235 from $245. Jefferies also reduced its target to $230 from $245. These adjustments reflect a cautious stance following the company's earnings release and future guidance.
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