Boston Beer Faces Negative Sentiment Ahead of Q3, UBS Says

MT newswire2026/10/16 15:58

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11:58 AM EDT, 10/16/2026 (MT Newswires) -- Boston Beer (SAM) is still faced with negative sentiment heading into its Q3 results on Oct. 22, UBS said in a note Thursday. "Our conversations would suggest sentiment continues to lean negative as topline trends remain challenged," the note said, pointing to weakness across Twisted Tea and Truly that more than offset strong growth from its Sun Cruise beverage. UBS analysts forecast Q3 EPS of $4.21, slightly below the Visible Alpha consensus of $4.22. The report said its margin progression is encouraging but the company needs to show improvement in underlying volumes to drive sustainable earning growth. "We continue to believe greater visibility on the volume trajectory is needed before becoming more constructive," the note said. UBS kept its neutral rating and a $190 price target. Price: 181.19, Change: +1.99, Percent Change: +1.11

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Data released this week show that the size of the US Strategic Petroleum Reserve is only about 13 million barrels less than its original scale when the reserve system was established. The US Department of Energy's recent call for companies to participate in crude oil exchange programs is part of the action following the March agreement among IEA member countries to release a total of 400 million barrels from their reserves this year. At that time, the US pledged to release 172 million barrels from its strategic reserves, but there has been limited participation from companies in the exchanges since then. Analysts believe that recent supply disruptions caused by hurricanes and other factors may prompt the US government to make further use of its reserves.

华尔街见闻•2026/10/16 18:22