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Boston Beer Company New York Stock Exchange
Open: $1,112.46 High: $1,118.67 Low: $1,084.03 Close: $1,111.86
Range: 2021-05-06 - 2021-05-07
Volume: 112,636
Market: Closed
Powered by Finage Stock APIDelayed data
Boston Beer Company One Design Center Place Boston MA, 2210
Boston Beer Co Inc is engaged in the business of selling low alcohol beverages in the United States. The company also markets Twisted Tea (a flavored malt beverage) and Angry Orchard ciders.
  • CEO: David A. Burwick
  • Employees: 1,439
  • Sector: Consumer Defensive
  • Industry: Beverages - Alcoholic
SAM News
Latest news about the SAM
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    Closures and safety precautions over the past year definitely created winners and losers in the stock market, and much of that is reversing now that the U.S. is beginning to return to normal. With that caveat, it's not difficult to find stocks that are priced for performance they are unlikely to deliver. For instance, it's hard to imagine a scenario where Target (NYSE: TGT), Boston Beer (NYSE: SAM), and CoStar Group (NASDAQ: CSGP) are able to justify the lofty prices being paid for shares right now.

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  • Here's What You Missed in Boston Beer's Earnings Report

    It's already been a great year for Boston Beer (NYSE: SAM), but things are getting even better. The beer brewer recently raised its aggressive outlook for fiscal 2021 thanks to booming demand for its Truly hard seltzer. While rival seltzer products are flooding the market, Truly is having no problem defending -- and even expanding -- its dominant position.

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  • Streaming TV, Burritos, Beer, and Capital Gains Taxes

    Discussing the biggest news in the markets.

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  • Boston Beer Just Showed Why Truly Is the Hard Seltzer to Beat in 2021

    Investors had some heady expectations for Boston Beer's (NYSE: SAM) ahead of its first-quarter report. While the beer brewer enjoyed a record 2020 thanks to booming demand for brands like hard seltzer Truly, competitive products seem to be entering the market with each passing week. For context, rival Constellation Brands recently announced a 6% depletion gain thanks to solid sales growth from its Modelo and Corona brands.

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  • Is There Now An Opportunity In The Boston Beer Company, Inc. (NYSE:SAM)?

    The Boston Beer Company, Inc. ( NYSE:SAM ) received a lot of attention from a substantial price increase on the NYSE...

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  • Boston Beer (SAM) Soars 3%: Is Further Upside Left in the Stock?

    Boston Beer (SAM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

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  • Why Boston Beer Stock Bounced Friday

    What happened Shares of craft brewer Boston Beer (NYSE: SAM) popped in the premarket, and initially traded up 8% Friday morning after the maker of Sam Adams beer reported first-quarter earnings Thursday evening.

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  • Stock Market Today With Jim Cramer: Intel Has Fallen Behind AMD

    Jim Cramer discusses the latest stock market news including how to trade Intel and Boston Beer after earnings and markets on Friday.

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  • Dow Jones Today, Stocks Mixed, Nasdaq Leads; Skyworks, Boston Beer Jump; Intel, AmEx Dive

    IBD 50 stocks Snap and Boston Beer rallied, Intel dragged, on earnings as stocks gained strength on solid April PMI data.

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  • Boston Beer Pops 8% After A Blowout Quarter, Sales Outperforms

    Shares of Boston Beer surged 7.6% in pre-market trading after posting better-than-expected 1Q results driven by top-line growth. Meanwhile, results were negatively impacted by cost pressures. Including certain once-off items, Boston Beer’s (SAM) 1Q earnings more than tripled to $5.26 per share, compared to $1.49 reported in the prior-year period, and comfortably beat analysts’ expectations of $2.61. Net revenues of $545.1 million outpaced the Street’s estimates of $477.28 million and advanced 64.9% from the year-ago period driven by a 60.1% rise in shipments. Depletions rose 48% year-over-year, while adjusted gross margin was 45.8%, down 100 basis points. Additionally, advertising, promotional, and selling expenses surged 43.9%. (See Boston Beer stock analysis on TipRanks) Boston Beer CEO Dave Burwick said, “While we anticipate delivering margin improvements in 2021, our gross margins and gross margin expectations will continue to be impacted negatively until our volume growth stabilizes. While we are in a very competitive business, we are optimistic for continued growth of our current brand portfolio and innovations and we remain prepared to forsake short-term earnings as we invest to sustain long-term profitable growth, in line with the opportunities that we see.” For 2021, excluding once-off items, the company projects revised adjusted EPS to be in the range of $22.00 to $26.00 per share, versus analysts’ expectations of $23.26. Following the 1Q earnings beat, RBC Capital analyst Nik Modi lifted the stock’s price target to $1,538 (23.4% upside potential) from $1,378 and reiterated a Buy rating. According to Modi, the reported quarter was again “exceptional” as the company’s Truly brand continues to beat expectations. Furthermore, the analyst expects Boston Beer to maintain its outperformance in the hard seltzer category. The rest of the Street is cautiously optimistic about the stock with a Moderate Buy consensus rating. That’s based on 6 Buys versus 4 Holds. The average analyst price target of $1,353.78 implies 8.7% upside potential to current levels. Shares have increased 30.8% so far this year. Boston Beer scores a 9 of 10 from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. Related News: Amazon’s AWS Partners With DISH Network Salesforce Aids Sonos In Digital Transformation Lam Research’s 4Q Guidance Tops Estimates After 3Q Beat More recent articles from Smarter Analyst: Bionano Genomics Publishes New Study On DNA Replication; Shares Gain In Pre-Market Intel’s Quarterly Results Beat Analysts’ Expectations; Shares Dip AGCO Bumps Up Quarterly Dividend to $0.20; Declares $4 Special Dividend WesBanco Adopts New Share Buyback Program

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  • Boston Beer (SAM) Up on Q1 Earnings & Sales Beat, Upbeat View

    Boston Beer (SAM) Q1 earnings gain from robust top-line performance on accelerated shipments and depletion growth as well as improved margins.

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  • Boston Beer Stock Is Climbing Because Seltzer Helped It Crush Earnings

    Boston Beer's earnings were driven by the Truly Hard Seltzer and Twisted Tea brands rather than Samuel Adams and Dogfish Head.

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  • Boston Beer Inc (SAM) Q1 2021 Earnings Call Transcript

    SAM earnings call for the period ending March 27, 2021.

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  • Boston Beer (SAM) Beats Q1 Earnings and Revenue Estimates

    Boston Beer (SAM) delivered earnings and revenue surprises of 91.63% and 16.30%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

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  • Maker of Sam Adams beer heads toward record stock high as hard-seltzer sales boost earnings

    Boston Beer Co. shares headed toward fresh record highs Thursday afternoon, following an earnings report that showed buzzy hard seltzers are lifting the company's spirits.

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  • Boston Beer Reports First Quarter 2021 Results

    The Boston Beer Company, Inc. (NYSE: SAM) reported first quarter 2021 net revenue of $545.1 million, an increase of $214.5 million or 64.9% from the same period last year, mainly due to an increase in shipments of 60.1%. Net income for the first quarter was $65.6 million, an increase of $47.3 million or 259.6% from the same period last year. Earnings per diluted share were $5.26, an increase of $3.77 per diluted share, or 253.0% from the first quarter of 2020. This increase was primarily due to increased net revenue, partially offset by increases in operating expenses. In the first quarter of 2020, the Company recorded pre-tax COVID-19 related reductions in net revenue and increases in costs that totaled $10.0 million or $0.60 per diluted share.

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  • Top Consumer Staples Stocks for May 2021

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  • This Week's 5 Must-See Earnings Charts

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  • Factors Likely to Influence Boston Beer's (SAM) Q1 Earnings

    Boston Beer (SAM) is expected to have benefited from strong depletion and shipment growth as well as innovation in Q1. Also, strength in brands and its cost-saving initiatives bode well.

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