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 |
---|---|---|---|
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 |
2/16/2023 | $320.00 → $255.00 | Mkt Perform → Underperform | Bernstein |
8-K - BOSTON BEER CO INC (0000949870) (Filer)
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8-K - BOSTON BEER CO INC (0000949870) (Filer)
8-K - BOSTON BEER CO INC (0000949870) (Filer)
8-K - BOSTON BEER CO INC (0000949870) (Filer)
10-Q - BOSTON BEER CO INC (0000949870) (Filer)
8-K - BOSTON BEER CO INC (0000949870) (Filer)
8-K - BOSTON BEER CO INC (0000949870) (Filer)
10-Q - BOSTON BEER CO INC (0000949870) (Filer)
8-K - BOSTON BEER CO INC (0000949870) (Filer)
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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
Bernstein downgraded Boston Beer Co from Mkt Perform to Underperform and set a new price target of $255.00 from $320.00 previously
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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
BOSTON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Samuel Adams Brewing the American Dream, the revolutionary philanthropic program aimed at providing mentorship and funding to food and beverage entrepreneurs nationwide, is pleased to announce the launch of Our American Dream Cookbook. Our American Dream Cookbook not only celebrates 40 years since Jim Koch ignited the craft beer revolution with Samuel Adams, but also brings to life over 15 years of work done by Brewing the American Dream to uplift passionate craftspeople across the country. With 100+ must-try dishes, the cookbook accomplishes a first-time achievement of featuring recipes developed by 80 small business owners. In these pages, cu
BOSTON, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Five o'clock somewhere is out, and brunch o'clock is in! Truly Hard Seltzer is gearing up for fall festivities by dropping an all-new Truly Hard Seltzer Brunch Pack to help drinkers brunch from anywhere. This limited-edition pack will be sold nationwide beginning now through the end of the year, while supplies last. The brunch-ready pack includes four bottomless staples – the return of the fan-favorite Rosé-Style flavor, as well as all-new Orange Mimosa-Style, Peach Bellini-Style and Cran Sangria-Style. Flavor notes include: Rosé-Style: A lightly refreshing Rosé-inspired flavor blended with notes of strawberry, peach, green apple and
MILTON, Del., Sept. 05, 2024 (GLOBE NEWSWIRE) -- With the official start of fall just around the corner, Dogfish Head unveils its list of seasonal drinks, beginning with the return of its iconic Punkin Ale! Back for the 30th consecutive year, Punkin Ale* (7.0% ABV) is a full-bodied brown ale brewed with real pumpkin, brown sugar, allspice, nutmeg and cinnamon. Bursting with notes of cinnamon spice and smooth pumpkin, this fall favorite is now available from coast to coast, both on draft and in 6pk/12oz cans. Track some down using Dogfish Head's Fish Finder. Part of Dogfish Head's Art Series, a yearly collection of four beers featuring artwork by a singular collaborating artist, this year
BOSTON, Aug. 13, 2024 (GLOBE NEWSWIRE) -- The Boston Beer Company's Samuel Adams brand, one of the originators of the craft beer movement, dominated the podium at the World Beer Awards in the U.K. last week with four of its entries winning both Gold and Best in Country awards. To find any of these award-winning beers at a store near you, check out the Samuel Adams product finder here. "I'm so proud of all of our brewers, who spent countless hours perfecting the recipes for each of these beers," said Jim Koch, founder and brewer of Boston Beer. "We started brewing 40 years ago, and to this day, we remain focused on crafting the highest-quality beers through innovation and experimentation
Boston Beer Co's (NYSE:SAM) short percent of float has fallen 15.79% since its last report. The company recently reported that it has 278 thousand shares sold short, which is 3.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.75 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes
Deutsche Bank analyst Steve Powers maintains Boston Beer Co (NYSE:SAM) with a Hold and raises the price target from $273 to $283.
In the preceding three months, 6 analysts have released ratings for Boston Beer Co (NYSE:SAM), presenting a wide array of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 4 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 1 0 0 3M Ago 0 0 3 0 0 Analysts have set 12-month price targets for Boston Beer Co, revealing an average target of $317.83, a high estimate of $360.00, and a low estimate of $273.00. This current average has decreased by
Piper Sandler analyst Michael Lavery maintains Boston Beer Co (NYSE:SAM) with a Overweight and lowers the price target from $350 to $344.
Green Thumb Industries (OTC:GTBIF) has expressed interest in merging with Boston Beer (NYSE:SAM), according to a recent report by Pablo Zuanic of Zuanic & Associates. What strategic advantages does this merger offer? How will this impact the profitability of both companies? Could this merger set a precedent for future deals in the cannabis and beverage industries? Zuanic’s report presents the implications for investors of this potential merger, as it could reshape the cannabis and beverage sectors. $3 Billion In Proforma 2023 Revenues Boston Beer shares rose by 30% following a report of Suntory (OTC:STBFY) being in talks to acquire the company. On June 4th, a letter from Green Thumb CEO B
7 analysts have shared their evaluations of Boston Beer Co (NYSE:SAM) during the recent three months, expressing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 4 0 1 Last 30D 0 0 1 0 0 1M Ago 1 0 1 0 0 2M Ago 0 0 2 0 1 3M Ago 0 1 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $309.0, a high estimate of $360.00, and a low estimate of $250.00. Surpassing the previous average
Morgan Stanley analyst Eric Sheridan upgrades Boston Beer Co (NYSE:SAM) from Underweight to Equal-Weight and maintains the price target from $290 to $290.
Chicago-based cannabis producer Green Thumb Industries (OTCQX:GTBIF) has raised eyebrows throughout the beverage and weed industries with a recent proposal to merge with Boston Beer Co. (NYSE:SAM), the iconic American brewer behind Sam Adams lager. Green Thumb Seeks Stock Exchange Listing Green Thumb’s primary motivation for the move appears to be gaining access to a major U.S. exchange. The Wall Street Journal reports that Green Thumb CEO Ben Kovler outlined this central objective in a letter to Boston Beer founder and chairman Jim Koch, as well as other potential benefits for both companies. A successful merger would allow Green Thumb, currently listed on a Canadian exchange and
https://www.globenewswire.com/news-release/2024/06/04/2893189/0/en/Green-Thumb-Industries-Responds-to-Market-Rumors.html
https://www.wsj.com/business/cannabis-producer-seeks-boston-beer-merger-b89e43c7?mod=latest_headlines
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