The Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, Concrete Beach brand names. The company markets and sells its products to a network of approximately 400 wholesalers in the United States, as well as international wholesalers, importers, or other agencies that in turn sell to retailers, such as grocery stores, club stores, convenience stores, liquor stores, bars, restaurants, stadiums, and other retail outlets. It also sells in products in Canada, Europe, Israel, Australia, New Zealand, the Caribbean, the Pacific Rim, Mexico, and Central and South America. The Boston Beer Company, Inc. was founded in 1984 and is based in Boston, Massachusetts.
IPO Year:
Exchange: NYSE
Website: bostonbeer.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/6/2024 | Hold | Needham | |
| 10/25/2024 | $355.00 → $325.00 | Buy → Hold | Jefferies |
| 6/5/2024 | $290.00 | Underweight → Equal-Weight | Morgan Stanley |
| 5/8/2024 | $273.00 | Sell → Hold | Deutsche Bank |
| 3/22/2024 | $350.00 | Overweight | Piper Sandler |
| 1/16/2024 | $280.00 → $335.00 | Underperform → Mkt Perform | Bernstein |
| 11/13/2023 | $375.00 | Hold | Jefferies |
| 7/19/2023 | $350.00 → $300.00 | Market Perform | TD Cowen |
| 5/30/2023 | $274.00 → $386.00 | Neutral → Buy | ROTH MKM |
| 2/17/2023 | $370.00 | Neutral | Citigroup |
Needham initiated coverage of Boston Beer Co with a rating of Hold
Jefferies downgraded Boston Beer Co from Buy to Hold and set a new price target of $325.00 from $355.00 previously
Morgan Stanley upgraded Boston Beer Co from Underweight to Equal-Weight and set a new price target of $290.00
Deutsche Bank upgraded Boston Beer Co from Sell to Hold and set a new price target of $273.00
Piper Sandler initiated coverage of Boston Beer Co with a rating of Overweight and set a new price target of $350.00
Bernstein upgraded Boston Beer Co from Underperform to Mkt Perform and set a new price target of $335.00 from $280.00 previously
Jefferies initiated coverage of Boston Beer Co with a rating of Hold and set a new price target of $375.00
TD Cowen reiterated coverage of Boston Beer Co with a rating of Market Perform and set a new price target of $300.00 from $350.00 previously
ROTH MKM upgraded Boston Beer Co from Neutral to Buy and set a new price target of $386.00 from $274.00 previously
Citigroup initiated coverage of Boston Beer Co with a rating of Neutral and set a new price target of $370.00
MILTON, Del., Jan. 08, 2025 (GLOBE NEWSWIRE) -- New Year, new you ... er, brew! Dogfish Head kicks off the New Year with the launch of its new 30 Minute Light IPA (4.0% ABV) a hoppy, crisp and crushable beer with all the body and character of a world class IPA, but only 95 calories and 3.6g carbs per 12oz serving. Proving that "light" can still mean flavorful, 30 Minute Light IPA is continually hopped for (you guessed it) 30 minutes for a bold yet easy-drinking, hop-forward beer. Joining Dogfish Head's iconic "Minute Series," 30 Minute Light IPA is hitting shelves and taps nationwide, now. Dogfish Head's "Minute Series" – featuring fan-favorites like 60 Minute IPA, 90 Minute Imperial IPA
Boston, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Samuel Adams, America's #1 most trusted craft beer brand, is offering two simple tips to Dry January participants on how to make it to the finish line: Try Samuel Adams Just the Haze Non-Alcoholic IPADon't Waste Great Beer! Use it in a beer-infused dinner recipe instead. Try Samuel Adams Just the Haze Non-Alcoholic IPA For beer lovers who have been missing the hoppy, citrusy taste of a great IPA during Dry January, Samuel Adams offers the award-winning Just the Haze Non-Alcoholic IPA. With tropical fruit aromas and a smooth hoppy finish, Just the Haze eases the craving for a hoppy IPA without breaking your dry commitment. Accolade
BOSTON, Dec. 20, 2024 (GLOBE NEWSWIRE) -- As part of its ongoing initiatives to optimize its supply chain, The Boston Beer Company, Inc. (NYSE:SAM), today announced an amendment and restatement in its entirety of an existing production agreement with a third-party supplier, Rauch North America Inc (‘Rauch'). This amendment adjusts the existing production agreement to better match the Company's future capacity requirements and results in increased production flexibility and more favorable termination rights to the company in exchange for a $26 million cash payment to Rauch on or before December 23, 2024. As a result of the payment, the Company expects to record a pre-tax contract settleme
TORONTO, Dec. 10, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company, makers of fan-favourite TeaPot, today unveils Emerald Hour, a line of non-alcoholic "Cali Sober" cannabis cocktails. These premium rosin-infused beverages represent the height of the cannabis beverage experience and are now available at licensed cannabis retailers in Ontario. Emerald Hour blends fresh-frozen cannabis extracts with regionally sourced cocktail ingredients to create a truly amazing full-spectrum beverage experience. Each 355mL can contains 10mg of THC and is made without the use of chemical solvents, making Emerald Hour a perfect choice for consumers seeking a stronger, booze-free happy hour. "We kn
BOSTON, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Twisted Tea Hard Iced Tea, the nation's no. 1 hard iced tea brand¹, is back this holiday season with the return of a bigger, more twisted version of its fan-favorite advent calendar. Introducing the 25 Days of Twistmas, created with drinkers in mind, this limited-edition advent calendar is stocked with a 25-can variety of 24oz tallboy flavors to help fans keep it twisted throughout the holiday season. Starting December 1st, drinkers can open one slot a day to discover a new, delicious Twisted Tea flavor behind each door. The 25 Days of Twistmas advent calendar includes a variety of flavors, including tallboys of Original, Half & Half, Peach, Ras
MILTON, Del., Nov. 01, 2024 (GLOBE NEWSWIRE) -- The holiday season is almost here! Whether you're counting down to the festivities or looking to score the perfect gift for the craft beverage lover in your life, Dogfish Head is making spirits (and taste buds!) bright this holiday season with a new, limited-edition "24 Days of Dogfish Head" package. It's a 24-day exploration of goodness containing a curated selection of flavorful brews, ready-to-drink cocktails and merchandise – it's all folks need to countdown to the holidays in delicious, boozy style. "There's no better way to revel in the holiday season than by gathering with family and friends, and sharing your favorite beers and cockt
BOSTON, Oct. 24, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE:SAM), today reported financial results for the third quarter ended September 28, 2024. Key results were: Third Quarter 2024 Summary: Depletions decreased 3% and shipments decreased 1.9%Net revenue increased 0.6% to $605.5 millionGross margin of 46.3% up 60 basis points year over yearGAAP diluted earnings per share of $2.86, which includes a non-cash brand impairment charge of $2.49 per share recorded in the third quarter of 2024Non-GAAP diluted earnings per share of $5.35 Year-to-date 2024 Summary: Depletions decreased 3% and shipments decreased 2.9%Net revenue decreased 0.3% to $1.611 billionGross margin of
BOSTON, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Sun Cruiser, the ready-to-drink alcoholic beverage made with real brewed iced tea and real vodka, today announced a new study that uncovered how Americans really feel about Daylight Saving Time. The survey, conducted by the brand in partnership with YouGov, found that nearly two-thirds of Americans over 21 believe that the biannual adjustment of clocks should be eliminated because of its antiquated nature, and 40% of those who feel this way say it's because they "hate" that it gets dark early in the fall and winter[1]. Armed with these findings, Sun Cruiser is going to do something about it – for one lucky person. As most of the United States
BOSTON, Oct. 02, 2024 (GLOBE NEWSWIRE) -- When temperatures cool, nothing gets spirits of this realm and beyond more excited- or thirsty! - then tasty brew delights. This spooky season, Samuel Adams invites you to share a cold Sam Adams with a cold Sam Adams through an otherworldly, limited-edition At-Home Séance Kit. Designed for beer lovers and ghosts with a dash of mischief, the Samuel Adams At-Home Séance Kit is perfect for conjuring up the spirit of Sam Adams (hopefully!) and anyone looking to add a little fright, fear, and a lot of flavor to their October nights. "We conjured a realm we have dared to explore before...summoning the spirit of our namesake," said Lauren Price, He
WALDEN, N.Y., Oct. 01, 2024 (GLOBE NEWSWIRE) -- October 1, 2024 - Historically, Halloween has been rooted in mischief, with "treats" later introduced to help sweeten the deal. Angry Orchard®, the nation's leading hard cider maker1, is taking the holiday back to its knotty roots and helping drinkers prank their friends with a trick that looks like a treat - the Hide & Shriek Prank Pack…EEK! Each limited-edition Hide & Shriek can is disguised as a seemingly classic Angry Orchard Crisp Apple, but subtle Halloween hints reveal that it's anything but ordinary. Drinkers can place the pack in the fridge or cooler during their Halloween festivities, and those who crack open a can for their muc
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BOSTON, July 31, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE:SAM) today announced that it appointed Biz Stone and Joe Jordan to its Board of Directors, effective July 29, 2024. Mr. Stone will serve as an independent Class B Director, filling the vacancy created by the retirement of David A. Burwick, sitting on the Board's Compensation Committee and Nominating/Governance Committee. Mr. Jordan will serve as an independent Class A Director, a new seat recently added to the Board, sitting on the Audit Committee and the Compensation Committee. Biz Stone is an entrepreneur known best as co-founder of Twitter, Medium, Jelly, and the investment firm Future Positive. He is a Visi
Boston, June 13, 2024 (GLOBE NEWSWIRE) -- Samuel Adams Brewing the American Dream®, the groundbreaking philanthropic program dedicated to providing mentorship and capital to food and beverage entrepreneurs nationwide, proudly announces Crowns & Hops Brewing Co. as the winner of its 13th Brewing & Business Experienceship. The Inglewood-based brewery joins an esteemed line of emerging craft brewers and will be the latest to receive exclusive support and tutelage under Samuel Adams. The Brewing & Business Experienceship is an annual opportunity for craft brewers across the country to contend for unparalleled expertise from Samuel Adams' professionals, including founder and brewer Jim Koch.
The Duckhorn Portfolio, Inc. (NYSE:NAPA) (the "Company") today announced the appointment of Dave Burwick to its Board of Directors, effective May 21, 2024. Burwick brings over 30 years of beverage industry experience, most recently serving as President and Chief Executive Officer of The Boston Beer Company (NYSE:SAM), a leading alcoholic beverage company. Burwick will serve as the chairperson of the Company's Nominating and Corporate Governance Committee and as a member of the Company's Audit Committee. "Dave is an accomplished beverage executive with operational and strategic expertise that brings incremental value and perspective to The Duckhorn Portfolio Board," said Deirdre Mahlan, Pr
Boston, April 26, 2024 (GLOBE NEWSWIRE) -- As cyclists, volunteers and spectators gear up to conquer the roads in August, Samuel Adams is excited to announce its three-year partnership with the Pan-Mass Challenge (PMC) as the official beer and non-alcoholic beer offering. The sponsorship will include the award-winning non-alcoholic portfolio of Just The Haze IPA and Golden Lager, as well as fan favorites such as Boston Lager, Summer Ale and more. Founded in 1980, the PMC is the nation's single most successful athletic fundraiser, raising critical funds for cancer research and treatment at Dana-Farber Cancer Institute (Dana-Farber). With its deep roots in the New England community, Samu
BOSTON, April 25, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE:SAM), today reported financial results for the first quarter ended March 30, 2024. Key results were: First Quarter 2024 Summary: Depletions were flat and shipments increased 0.9%Net revenue of $426.1 million increased 3.9%Gross margin of 43.7% up 570 basis points year over yearNet income of $12.6 millionDiluted income per share of $1.04 Capital Structure Ended the first quarter with $205.4 million in cash and no debtRepurchased $65.0 million in shares from January 2, 2024 to April 19, 2024 "We were pleased to see flat depletion trends in the first quarter and to deliver revenue growth," said Chairman and Fo
BOSTON, July 24, 2023 /PRNewswire/ -- The Boston Beer Company, Inc. (NYSE:SAM), today announced the appointment of Diego Reynoso as its Chief Financial Officer and Treasurer, effective September 5, 2023. Reynoso will lead all Boston Beer's Finance, Treasury and IT and will report directly to Chief Executive Officer, David A. Burwick. Reynoso has more than 25 years of experience in finance and operations in the alcoholic beverage and food industries. He most recently served as the Chief Financial Officer of the Prepared Foods division of Tyson Foods, a multinational food manufacturer, based out of its Chicago office, from 2021 to 2023. He was previously the Senior Vice President and Chief Fin
BOSTON, May 22, 2023 /PRNewswire/ -- The Boston Beer Company, Inc. (NYSE:SAM), today announced that it has hired Philip A. Hodges as its Chief Supply Chain Officer. Mr. Hodges will report to Chief Executive Officer David A. Burwick and will have primary responsibility for overseeing the Company's integrated supply chain, including brewery management, procurement, customer service, engineering, safety, quality and planning. Hodges, with over 30 years of senior operations experience in the consumer-packaged goods industry, has been an advisor for the Company in supply chain mana