Boston Beer Company (SAM)
The Boston Beer Company, known by its stock ticker SAM, is an American beverage and brewing company famous for its Samuel Adams beer brand. Founded in 1984 in Boston, Massachusetts, it pioneered the craft beer movement and offers a diverse range of beers, seltzers, and other alcoholic beverages. The company emphasizes innovation and quality in its products, and it has expanded its portfolio to include hard seltzers like Truly and hard ciders, positioning itself as a leader in the craft and ready-to-drink alcohol markets.
Company News
Boston Beer's revenue growth has slowed significantly in recent years, raising concerns about the company's ability to create value for shareholders. The article suggests that Boston Beer's craft beer brands need to perform well for the company to grow, and that there may be better investment opportunities elsewhere.
The report examines the challenges and adaptation strategies for the on-trade alcoholic drinks market, as cautious consumer spending and elevated input costs impact the industry. However, the demand for memorable experiences and spaces to connect remains, presenting opportunities for the sector.
Six analysts have released ratings for Boston Beer Co, with a range of perspectives from bullish to bearish. The analysts have set an average 12-month price target of $317.83, with a high estimate of $360.00 and a low of $273.00. The current average target has decreased by 2.8% from the previous average.
Goldman Sachs has released its 'Top 25 Tactical Trades for Earnings Season' list, highlighting companies where it expects significant earnings surprises, both positive and negative.
KNBWY vs. SAM: Which Stock Is the Better Value Option?
