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 |
---|---|---|---|
4/2/2025 | $281.10 | Hold | Berenberg |
3/20/2025 | $265.00 → $280.00 | Neutral → Buy | Citigroup |
1/23/2025 | $370.00 → $275.00 | Overweight → Neutral | Piper Sandler |
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 |
BOSTON, April 24, 2025 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE:SAM), today reported financial results for the first quarter ended March 29, 2025. Key results were: First Quarter 2025 Summary: Depletions decreased 1% and shipments increased 5.3%Net revenue of $453.9 million increased 6.5%Gross margin of 48.3% up 460 basis points year over yearNet income of $24.4 million, an increase of $11.8 million or 93.8% year over yearDiluted income per share of $2.16, an increase of 108% year over year Capital Structure Ended the first quarter with $152.5 million in cash and no debtRepurchased $61 million in shares from December 30, 2024 to April 18, 2025 "Our business remained res
BOSTON, April 17, 2025 (GLOBE NEWSWIRE) -- Just over one year after the launch of Sun Cruiser Iced Tea & Vodka, the fast-growing, spirits-based brand from The Boston Beer Company is adding NEW Sun Cruiser Lemonade & Vodka – a four-flavor lineup of smooth, deliciously refreshing lemonades made with real fruit and premium vodka. Bright, balanced, and easy to enjoy, Sun Cruiser Lemonade & Vodka is crafted for carefree hangs, anytime sipping and old school outdoor fun, wherever the sunshine takes you. The new line-up features four refreshing flavors: LemonadePink LemonadeStrawberry LemonadeLemonade + Iced Tea Landing at a time when the premium ready-to-drink (RTD) category is seein
MILTON, Del., April 08, 2025 (GLOBE NEWSWIRE) -- In celebration of its 10th consecutive year as the "Official Beer of Record Store Day," Dogfish Head joins forces with Grateful Dead to launch a vinyl compilation album, which will be available in participating independently owned record stores from coast-to-coast beginning on Record Store Day, Saturday, April 12. The record, titled ON A BACK PORCH VOL. 1, consists of live versions of classic Grateful Dead tunes, all thoughtfully compiled from the band's archives by Dogfish Head Founder & Brewer, Sam Calagione, and Grateful Dead Archivist & Legacy Manager, David Lemieux. "Spanning the years 1969, 1973, 1977, 1989, and 1991, ON A BACK PORCH
BOSTON, April 08, 2025 (GLOBE NEWSWIRE) -- We hear there's something pretty big going down in Georgia this weekend… and it doesn't have anything to do with peaches (although Twisted Tea Peach on the back nine of the golf course is unbeatable if you ask us). Twisted Tea, America's no. 1 hard iced tea¹, wants to send our most twisted golf fan to spend the weekend in a certain city in Georgia to soak up the city's finest spring weather, catch a whiff of freshly bloomed azaleas on the fairway, crush a couple of buckets of Twisted Teas and help them attend the biggest event in sports this weekend. There's just one catch: Would you be willing to drop everything and fly to Georgia for the we
BOSTON, April 03, 2025 (GLOBE NEWSWIRE) -- The Boston Beer Company has joined forces with AEG Presents, a global leader in live entertainment, to bring its portfolio of brands—headlined by Sun Cruiser Iced Tea & Vodka and also including Truly Hard Seltzer, Twisted Tea Hard Iced Tea, and Angry Orchard Hard Cider—to the heart of the live music experience. The multiyear partnership, brokered by AEG Presents Global Partnerships, will see The Boston Beer Company activate its flagship brands across nearly 30 AEG Presents music venues nationwide, including Brooklyn Steel (NY), Resorts World Theatre (Las Vegas), and Roadrunner (Boston) as well as multiple festivals from coast to coast, includin
Boston, MA, March 18, 2025 (GLOBE NEWSWIRE) -- Samuel Adams, America's #1 most trusted craft beer brand[1], commemorates the nationwide launch of its award-winning Samuel Adams American Light by putting an end to the disruptive behavior affecting gametime viewing enjoyment: seat jockeying. According to a recent survey, over half of U.S. adults attend game-day viewing parties, and three-quarters of them battle for a good seat[2]. That's why Samuel Adams American Light has introduced a clever solution to put an end to all seat squabbles: The Spot Clock. This March, basketball fans can forget calling "fives" and start locking in their premium seats with The Spot Clock from American Light.
BOSTON, March 03, 2025 (GLOBE NEWSWIRE) -- Samuel Adams proudly opens applications for its annual Brewing & Business Experienceship, the signature initiative of the brand's philanthropic program, Brewing the American Dream®. In the search for its 14th Experienceship winner, the craft beer pioneer is offering brewers across the country a chance at unparalleled mentorship and resources to help grow their business. The Brewing & Business Experienceship awards one lucky craft brewer the opportunity to work with experts at Samuel Adams' Boston Brewery to deepen their skillset in the business of brewing and work side-by-side on a special collaboration beer. The program also provides lifelong s
BOSTON, Feb. 25, 2025 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE:SAM), today reported financial results for the fourth quarter ended December 28, 2024. Key results were: Fourth Quarter 2024 Summary: Depletions were flat and shipments decreased 0.5%Net revenue increased 2.2% to $402.3 millionGross margin of 39.9% up 230 basis points year over yearGAAP diluted loss per share of $3.38, which includes a previously announced contract settlement expense of $1.70 per shareNon-GAAP diluted loss per share of $1.68 Full Year 2024 Summary: Depletions decreased 2% and shipments decreased 2.4%Net revenue increased 0.2% to $2.01 billionGross margin of 44.4% up 200 basis points year over
BOSTON, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Twisted Tea Hard Iced Tea, the nation's no. 1 hard iced tea brand[1], is stepping into the ring in a bigger way with Top Rank, the worldwide leader in boxing promotion, as the Official Malt Beverage Partner for the organization's 2025 slate of events. First having joined forces in 2024, Top Rank and Twisted Tea are expanding their partnership with a more robust in-arena presence, local activations and branded content to amplify the fan experience by bringing together two powerhouse brands known for delivering excitement and energy. Twisted Tea will leverage Top Rank's unparalleled stable of world-class fighters. Fans will experience Twisted Tea
MILTON, Del., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Together again and back for an epic encore, Dogfish Head Craft Brewery and Grateful Dead continue their long, strange trip together with the launch of a NEW collaborative beer, Grateful Dead Juicy Pale Ale. Joining Dogfish Head's lineup of year-round beers, Grateful Dead Juicy Pale Ale is now making its way to draft lines and store shelves nationwide in 6pk/12oz cans. If you're not sure where to find it, you just gotta poke around Dogfish Head's Fish Finder to track some down. Clocking in at 5.3% ABV, Grateful Dead Juicy Pale Ale is brewed with Kernza® perennial grains from The Land Institute*, granola and heaps of good karma for a refreshi
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BOSTON, April 24, 2025 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE:SAM), today reported financial results for the first quarter ended March 29, 2025. Key results were: First Quarter 2025 Summary: Depletions decreased 1% and shipments increased 5.3%Net revenue of $453.9 million increased 6.5%Gross margin of 48.3% up 460 basis points year over yearNet income of $24.4 million, an increase of $11.8 million or 93.8% year over yearDiluted income per share of $2.16, an increase of 108% year over year Capital Structure Ended the first quarter with $152.5 million in cash and no debtRepurchased $61 million in shares from December 30, 2024 to April 18, 2025 "Our business remained res
BOSTON, March 03, 2025 (GLOBE NEWSWIRE) -- Samuel Adams proudly opens applications for its annual Brewing & Business Experienceship, the signature initiative of the brand's philanthropic program, Brewing the American Dream®. In the search for its 14th Experienceship winner, the craft beer pioneer is offering brewers across the country a chance at unparalleled mentorship and resources to help grow their business. The Brewing & Business Experienceship awards one lucky craft brewer the opportunity to work with experts at Samuel Adams' Boston Brewery to deepen their skillset in the business of brewing and work side-by-side on a special collaboration beer. The program also provides lifelong s
BOSTON, Feb. 25, 2025 (GLOBE NEWSWIRE) -- The Boston Beer Company, Inc. (NYSE:SAM), today reported financial results for the fourth quarter ended December 28, 2024. Key results were: Fourth Quarter 2024 Summary: Depletions were flat and shipments decreased 0.5%Net revenue increased 2.2% to $402.3 millionGross margin of 39.9% up 230 basis points year over yearGAAP diluted loss per share of $3.38, which includes a previously announced contract settlement expense of $1.70 per shareNon-GAAP diluted loss per share of $1.68 Full Year 2024 Summary: Depletions decreased 2% and shipments decreased 2.4%Net revenue increased 0.2% to $2.01 billionGross margin of 44.4% up 200 basis points year over
MILTON, Del., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Together again and back for an epic encore, Dogfish Head Craft Brewery and Grateful Dead continue their long, strange trip together with the launch of a NEW collaborative beer, Grateful Dead Juicy Pale Ale. Joining Dogfish Head's lineup of year-round beers, Grateful Dead Juicy Pale Ale is now making its way to draft lines and store shelves nationwide in 6pk/12oz cans. If you're not sure where to find it, you just gotta poke around Dogfish Head's Fish Finder to track some down. Clocking in at 5.3% ABV, Grateful Dead Juicy Pale Ale is brewed with Kernza® perennial grains from The Land Institute*, granola and heaps of good karma for a refreshi
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
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Berenberg initiated coverage of Boston Beer Co with a rating of Hold and set a new price target of $281.10
Citigroup upgraded Boston Beer Co from Neutral to Buy and set a new price target of $280.00 from $265.00 previously
Piper Sandler downgraded Boston Beer Co from Overweight to Neutral and set a new price target of $275.00 from $370.00 previously
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