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 sells approximately 60 beers under the Samuel Adams or the Sam Adams brands; 12 flavored malt beverages under the Twisted Tea brand; and 10 hard cider beverages under the brand Angry Orchard brand, as well as approximately 40 beers under various Alchemy & Science trade names. The company markets its products to a network of approximately 350 wholesalers, who in turn sell to retailers, such as pubs, restaurants, grocery stores, convenience stores, package stores, stadiums, and other retail outlets. It also markets its 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.
Boston Beer misses 3Q profit forecasts BOSTON (AP) _ Boston Beer Co. (SAM) on Thursday reported third-quarter profit of $31.5 million. The Boston-based company said it had profit of $2.48 per share. The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.54 per share. The brewer posted revenue of $271.2 million in the period. Boston Beer expects full-year earnings in the range of $6.30 to $6.70 per share. Boston Beer shares have declined 23 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $156.25, a decline of 40 percent in the last 12 months.
Analyst Upgrade/Downgrade Update Brokerage firm: RBC Capital Mkts Change: Coverage Reiterated/Price Target Changed Previous Rating: N/A Current Rating: Sector Perform Previous Price Target: $172 Current Price Target: $158
SAM is as American as it gets. The stock has been on an absolute tear. If the stock closes above $311.95 by year end, it sets for a break of the highs next year. A break below $265.05 by mid-year next year breaks trend in need of re-evaluation. If it can hold $293.30 by Labor day, it may be worthwhile jumping in.
Boston Beer buys Dogfish Head in $300 million deal Source: https://www.msn.com/en-us/money/com...ish-head-in-dollar300-million-deal/ar-AAB94Px Boston Beer Co, maker of Sam Adams, has acquired Dogfish Head Brewing for $300 million, the companies announced Thursday.