Boston Beer's stock rocketed higher on Friday. Image source: Getty Images. The gains were boosted by strong sales of the company's Truly Hard Seltzer and Twisted Tea brands -- as well as sales of the Dogfish Head brands it acquired in 2019 -- which more than offset declines in its Samuel Adams and Angry Orchard brands.
How much of Boston Beer's stock is owned by insiders?
Because of the slowdown in demand, or depletions, Boston Beer ended up with an excess of inventory on hand. Despite the fact that the situation is only transitory, greater expenses as a result of overstock are now predicted to wipe out the company’s profit in 2021.
Why did Boston Beer stock fall 26% in Q2 2021?
Shares of Boston Beer ( SAM 4.37%) surged more than 26% to a new closing high of $828.34 on Thursday, after the alcoholic-beverage maker delivered blockbuster second …
What is Boston Beer's (Sam) stock price?
Mar 28, 2022 · 24.30% of the stock of Boston Beer is held by insiders. A high percentage of insider ownership can be a sign of company health. Percentage Held by Institutions. 63.38% of the stock of Boston Beer is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next
What price target do analysts set for Boston Beer's stock?
Jul 07, 2020 · Why Boston Beer Stock Has Soared 42% So Far in 2020 By Demitri Kalogeropoulos - Jul 7, 2020 at 9:21AM You’re reading a free article with opinions that may differ from The Motley Fool’s Premium ...
Is Boston Beer overvalued?
Is Boston Beer Company Overvalued? The Boston Beer Company, Inc.'s value metrics show that it is a highly profitable company. The market value of this stock may be too high. This stock would not be a good pick for value investors, based on its Value Score of D.
Why is Sam Adams stock so high?
The main growth catalyst for SAM is the explosive growth of the hard seltzer category. As we stated above in the industry analysis, Truly Hard Seltzer sales rose over 147% year-over-year. Although this growth rate isn't sustainable, we can still expect high growth coming from this category.Apr 14, 2021
Is Boston Beer a good buy?
Boston Beer has received a consensus rating of Buy. The company's average rating score is 2.54, and is based on 7 buy ratings, 6 hold ratings, and no sell ratings.
What is going on with Boston Beer?
The deceleration in demand, or depletions, left Boston Beer with too much inventory on hand. The problem is temporary, but the higher costs from oversupply are now expected to wipe out the company's profit for 2021.Jan 14, 2022
What happened to the Boston Beer Company?
Boston Beer Company's first brand of beer was named Samuel Adams after Founding Father Samuel Adams, an American revolutionary patriot. Since its founding, Boston Beer has started several other brands, and in 2019 completed a merger with Dogfish Head Brewery.
What seltzer does Boston Beer own?
Truly Hard SeltzerAbout Boston Beer Company Inc Its brands include Truly Hard Seltzer, Twisted Tea, Samuel Adams, Angry Orchard, Hard Cider, and Dogfish Head Craft Brewery, as well as other local craft beer brands.Apr 8, 2022
Should I sell Boston Beer stock?
BOSTON BEER Stock Forecast FAQ Out of 11 analysts, 3 (27.27%) are recommending SAM as a Strong Buy, 3 (27.27%) are recommending SAM as a Buy, 5 (45.45%) are recommending SAM as a Hold, 0 (0%) are recommending SAM as a Sell, and 0 (0%) are recommending SAM as a Strong Sell.
How much debt does Boston Beer 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$0.46B49 more rows
Why is Boston Beer stock going down?
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. The news follows a sharp slowdown in hard seltzer demand that began last summer, sending Boston Beer's stock price down 51% over the past year.Jan 14, 2022
Is Boston Beer undervalued?
As shown in the calculation, Boston Beer has an intrinsic value of about $687.19. The current market price is fluctuating around $530. Assuming the share price can recover back to at least the intrinsic value, it appears to be close to 30% Undervalued.Oct 19, 2021
What happened to Sam Adams stock?
Shares of the Samuel Adams maker Boston Beer fell 8% in after-hours trading after it pulled its financial guidance for the year, citing “continuing uncertainty about hard seltzer demand trends for the remainder of 2021.”Sep 9, 2021
How many breweries does Boston Beer Company have?
Production and retail activities at the eight local breweries and tap rooms, which include the Samuel Adams Downtown Boston Tap Room, Samuel Adams Boston Brewery Tap Room, Samuel Adams Cincinnati Brewery Tap Room, Dogfish Head Brewing and Eats, Dogfish Head Milton Brewery Tasting Room and the three A&S Brewing ...Mar 25, 2020
Is Boston Beer a buy right now?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boston Beer in the last year. There are currently 6 hold ratings and 7 bu...
How has Boston Beer's stock price been impacted by Coronavirus (COVID-19)?
Boston Beer's stock was trading at $341.11 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Or...
Are investors shorting Boston Beer?
Boston Beer saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 391,200 shares, a...
When is Boston Beer's next earnings date?
Boston Beer is scheduled to release its next quarterly earnings announcement on Thursday, April 28th 2022. View our earnings forecast for Boston B...
How were Boston Beer's earnings last quarter?
The Boston Beer Company, Inc. (NYSE:SAM) announced its earnings results on Wednesday, February, 16th. The company reported ($0.09) earnings per sha...
What guidance has Boston Beer issued on next quarter's earnings?
Boston Beer issued an update on its FY 2022 earnings guidance on Thursday, March, 10th. The company provided earnings per share (EPS) guidance of $...
What price target have analysts set for SAM?
13 Wall Street analysts have issued 12-month price objectives for Boston Beer's stock. Their forecasts range from $424.00 to $1,500.00. On average,...
Who are Boston Beer's key executives?
Boston Beer's management team includes the following people: David A. Burwick , President, Chief Executive Officer & Director Frank H. Smalla ,...
What is Dave Burwick's approval rating as Boston Beer's CEO?
34 employees have rated Boston Beer CEO Dave Burwick on Glassdoor.com . Dave Burwick has an approval rating of 100% among Boston Beer's employees....
Is The Boston Beer a buy right now?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Boston Beer in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" The Boston Beer stock.
What stocks does MarketBeat like better than The Boston Beer?
Wall Street analysts have given The Boston Beer a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but The Boston Beer wasn't one of them.
When is The Boston Beer's next earnings date?
The Boston Beer is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021.#N#View our earnings forecast for The Boston Beer.
How were The Boston Beer's earnings last quarter?
The Boston Beer Company, Inc. (NYSE:SAM) posted its quarterly earnings data on Wednesday, July, 21st. The company reported $4.75 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $7.00 by $2.25. The firm earned $602.80 million during the quarter, compared to analyst estimates of $657.65 million.
How has The Boston Beer's stock price been impacted by Coronavirus?
The Boston Beer's stock was trading at $341.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SAM stock has increased by 59.1% and is now trading at $542.82.#N#View which stocks have been most impacted by COVID-19.
What guidance has The Boston Beer issued on next quarter's earnings?
The Boston Beer updated its FY 2021 earnings guidance on Thursday, September, 9th. The company provided EPS guidance of $-$18.000 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $20.460. The company issued revenue guidance of -.
What price target have analysts set for SAM?
13 Wall Street analysts have issued 12-month price targets for The Boston Beer's shares. Their forecasts range from $400.00 to $1,500.00. On average, they expect The Boston Beer's share price to reach $848.57 in the next year.
Its hit franchises helped it avoid a large demand slump as restaurants and bars closed
Demitri covers consumer goods and media companies for Fool.com, as well as broader moves in the economy. Follow @tmfsigma
What happened
Boston Beer ( NYSE:SAM) shareholders are trouncing the market this year. Their stock jumped 42% compared to a 4% decline in the S&P 500 through the end of June, according to data provided by S&P Global Market Intelligence.
So what
Boston Beer had been outperforming these beer rivals for some time following the successful introduction of its Truly hard seltzer beverage franchise. That platform helped push depletions, a measure of demand, higher by 22% in 2019, the company announced in February. Molson and InBev each revealed slight volume drops for the period.
Now what
Boston Beer's fiscal second-quarter report in late July will show much more stress from the pandemic as it will reflect restaurant and bar closures in April and May. Yet the consumer staples stock may continue outperforming as long as the company can show more market share gains in growing retailing categories such as hard seltzers and teas.
The brewer beat estimates on earnings, but guidance doesn't justify the market's share pricing
Despite my love for a good Boston Lager, shares of Boston Beer ( NYSE:SAM) are overpriced. The stock gained too much traction this year based on hopes for strength in seltzer as well as the Dogfish Head Craft Brewing acquisition, while the actual performance of the business did not keep up.
Boston Beer's third quarter
In the first quarter of reporting that includes Dogfish Head, Boston Beer reported depletion growth of 30% year over year. The increase was credited to strong performance in its lineup of Truly Hard Seltzer, Twisted Tea, and, of course, the additional Dogfish Head products.
Sam Adams has a problem
The weakness in Sam Adams remains a symptom of the over-saturated craft beer market. The larger beer companies have been buying up many small craft names in an effort to gain control, but the rate at which craft brewers have grown is still excessive -- there were over 7,000 in the U.S. at the end of 2018.
Current stock price
Put simply, Boston Beer's stock has overrun the real benefits and potential of seltzer as well as benefits from the Dogfish Head merger. After nearly doubling in value from January through August, shares have cooled, but the current stock price is unrealistic at roughly $380 a share at the time of this writing.
