Why did Boston Beer go out of business?
The company warned of slowing demand in hard seltzer in the second-quarter earnings report last July, where its Truly brand is one of the most popular in the market. The deceleration in demand, or depletions, left Boston Beer with too much inventory on hand.
Should you buy Boston Beer stock?
13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Boston Beer in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Boston Beer stock. View analyst ratings for Boston Beer or view top-rated stocks.
What is the upside for Boston Beer's stock?
Their forecasts range from $440.00 to $1,500.00. On average, they expect Boston Beer's stock price to reach $745.00 in the next twelve months. This suggests a possible upside of 68.0% from the stock's current price. View analysts' price targets for Boston Beer or view top-rated stocks among Wall Street analysts.
What is the ticker symbol for Boston Beer?
Boston Beer trades on the New York Stock Exchange (NYSE) under the ticker symbol "SAM." Who are Boston Beer's major shareholders? Boston Beer's stock is owned by a number of institutional and retail investors.
Will Boston Beer stock rebound?
Boston Beer's profitability took a big hit in 2021 and early 2022. Look for signs of a gathering rebound by late 2022.
Is Boston Beer stock a buy?
Out of 9 analysts, 2 (22.22%) are recommending SAM as a Strong Buy, 2 (22.22%) are recommending SAM as a Buy, 5 (55.56%) are recommending SAM as a Hold, 0 (0%) are recommending SAM as a Sell, and 0 (0%) are recommending SAM as a Strong Sell. What is SAM's earnings growth forecast for 2022-2024?
What is going on with Boston Beer company?
Boston Beer Is Moving Into Weed With a Cannabis-Infused Drink. The brewer, whose brands include Samuel Adams beer and Truly Hard Seltzers, will offer its Teapot product throughout Canada in July.
Is Boston Beer stock overvalued?
PB vs Industry: SAM is overvalued based on its Price-To-Book Ratio (4.3x) compared to the US Beverage industry average (3.7x).
Should I sell Boston Beer?
Is Boston Beer a buy right now? 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boston Beer in the last year. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Boston Beer stock.
Will SAM stock go back up?
Based on our forecasts, a long-term increase is expected, the "SAM" stock price prognosis for 2027-05-21 is 957.497 USD. With a 5-year investment, the revenue is expected to be around +167.26%. Your current $100 investment may be up to $267.26 in 2027.
How high will Boston Beer stock go?
Stock Price Forecast The 14 analysts offering 12-month price forecasts for Boston Beer Company Inc have a median target of 382.00, with a high estimate of 620.00 and a low estimate of 334.00. The median estimate represents a +19.54% increase from the last price of 319.56.
Is Boston Beer profitable?
Full-year net revenue of $2.058 billion increased 18.5% compared to 2020. Full-year net income of $14.6 million or $1.17 per share, represented a decrease of $177.4 million or $14.36 per diluted share compared to 2020.
Who owns Boston Beer?
Boston Beer CoSamuel Adams Boston Brewery / Parent organization
How much debt does Boston Beer Company have?
Compare SAM With Other StocksBoston Beer Debt/Equity Ratio Historical DataDateLong Term DebtShareholder's Equity2019-06-30$0.29B$0.52B2019-03-31$0.21B$0.49B2018-12-31$0.18B$0.46B50 more rows
Why is Boston Beer stock so expensive?
“We increased our production of Truly to meet our summer peak and have had lower-than-anticipated demand for certain Truly brand styles, which has resulted in higher-than-planned inventory levels at our breweries and increased supply-chain costs and complexity.”
Does Boston Beer Company have debt?
The Boston Beer Company is America's leading brewer of world-class beer. The Company has won more than 500 international awards for its better-tasting beers....Compare SAM With Other Stocks.Boston Beer Quarterly Long Term Debt (Millions of US $)2020-03-31$1002019-12-312019-09-302019-06-3049 more rows
NYSE: SAM
What happened
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So what
Sam Adams beer maker Boston Beer ( SAM -3.81% ) shocked investors last night with a quarterly earnings report that fell far short of expectations. The stock is getting slammed this morning as a result with shares down more than 26% as of 10:25 a.m. EDT.
Now what
Boston Beer reported earnings per share of $4.75 for its second quarter of 2021, well below the analyst consensus estimate of $6.69. Revenue also came up short of expectations. The company blamed weaker sales of its popular Truly hard seltzer product, along with general softness in the beer industry.
Premium Investing Services
The company's Truly brand has been one of the market leaders in the category, along with privately held Mark Anthony Brands' White Claw. But new competitors have also been entering the market, and some have deep pockets.
What happened
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So what
Shares of Boston Beer (NYSE: SAM) were down 9.8% as of 12:17 p.m. ET on Friday after the company slashed its full-year earnings guidance.
Now what
The company warned of slowing demand in hard seltzer in the second-quarter earnings report last July, where its Truly brand is one of the most popular in the market.
When did Boston Beer update its earnings?
Guidance now calls for full-year earnings per share to be between a loss of $1 and a profit of $1. While consumer demand has been at the high end of expectations since October, shipment growth and gross profit margin for the company's products are trending below previous guidance.
How much does Boston beer make?
The Boston Beer updated its FY21 earnings guidance on Thursday, July, 22nd. The company provided EPS guidance of $18.00-22.00 for the period, compared to the Thomson Reuters consensus estimate of $24.56.
What happened
The Boston Beer has a market capitalization of $7.43 billion and generates $1.74 billion in revenue each year. The company earns $191.96 million in net income (profit) each year or $14.68 on an earnings per share basis.
So what
Sam Adams beer maker Boston Beer (NYSE: SAM) shocked investors last night with a quarterly earnings report that fell far short of expectations. The stock is getting slammed this morning as a result with shares down more than 26% as of 10:25 a.m. EDT.
