Boston Beer Stock Hits 6-Year Lows on Downgrade

Group 1 - Boston Beer Company Inc (NYSE:SAM) is experiencing a decline, currently down 2.5% at $243.98, marking a six-year low following a downgrade by Piper Sandler from "overweight" to "neutral" and a price target reduction from $370 to $275 [1] - Piper Sandler's downgrade reflects a broader bearish sentiment, with only one out of 15 analysts maintaining a "buy" rating, while the 12-month consensus price target of $298.69 indicates a 22.4% premium to current levels [2] - The stock has dropped 18.7% year-to-date, with only two days of gains since January 2, and is trading below all significant daily moving averages, facing pressure from the 10-day moving average since mid-December [2] Group 2 - Short interest in Boston Beer Company has decreased by 5.4% over the last two weeks, but the stock has not benefited from this short covering, indicating underlying technical weakness [3]