Boston Beer Company, Inc. (The) (SAM) News
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SAM News Highlights
- SAM's 30 day story count now stands at 38.
- Over the past 22 days, the trend for SAM's stories per day has been choppy and unclear. It has oscillated between 1 and 13.
- CGC, AGCO and DISH are the most mentioned tickers in articles about SAM.
Latest SAM News From Around the Web
Below are the latest news stories about Boston Beer Co Inc that investors may wish to consider to help them evaluate SAM as an investment opportunity.
The Boston Beer Company Inc (NYSE: SAM ) is creating a Canadian-based subsidiary focusing on research and development of non-alcoholic cannabis beverages. What Happened: The new subsidiary, which has yet to be formally named, will be headed by Paul Weaver, former director of innovation at Canopy Growth Corp. (NASDAQ: CGC ). While current federal U.S. law prohibits the commercial sale of cannabis products, the company believes this could change in the near future. “We believe non-alcoholic cannabis beverages could represent a new … Full story available on Benzinga.com
It wouldn't hurt to play a little more defense and a little less offense here, with some stocks struggling to retain their big gains.
After a year of social distancing and lockdowns, you can bet that there's plenty of pent up demand for these seven consumer stocks to buy.
It's already been a great year for Boston Beer (NYSE: SAM), but things are getting even better. The beer brewer recently raised its aggressive outlook for fiscal 2021 thanks to booming demand for its Truly hard seltzer. While rival seltzer products are flooding the market, Truly is having no problem defending -- and even expanding -- its dominant position.
Amid the economic rebound, companies ranging from Boston Beer Company Inc to toymaker Mattel Inc to appliance maker Whirlpool Corp have told investors that they expect the impact of higher costs on their businesses to be significant in the months ahead.
Within the last quarter, Boston Beer Co (NYSE: SAM ) has observed the following analyst ratings: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 0 0 1 Somewhat Bullish 0 3 1 1 Indifferent 1 2 0 1 Somewhat Bearish 0 0 0 0 Bearish 0 0 0 0 11 analysts offering 12-month price targets in the last 3 months for Boston Beer Co evaluate the company at an average price target of $1313.18 with a high of $1538.00 and a low of $1000.00. This current average represents a 11.1% increase from the previous average price target … Full story available on Benzinga.com
Boston Beer (SAM) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Shares of Boston Beer surged 7.6% in pre-market trading after posting better-than-expected 1Q results driven by top-line growth. Meanwhile, results were negatively impacted by cost pressures. Including certain once-off items, Boston Beer’s (SAM) 1Q earnings more than tripled to $5.26 per share, compared to $1.49 reported in the prior-year period, and comfortably beat analysts’ expectations of $2.61. Net revenues of $545.1 million outpaced the Street’s estimates of $477.28 million and advanced 64.9% from the year-ago period driven by a 60.1% rise in shipments. Depletions rose 48% year-over-year, while adjusted gross margin was 45.8%, down 100 basis points. Additionally, advertising, promotional, and selling expenses surged 43.9%.
What happened Shares of craft brewer Boston Beer (NYSE: SAM) popped in the premarket, and initially traded up 8% Friday morning after the maker of Sam Adams beer reported first-quarter earnings Thursday evening.
Jim Cramer discusses the latest stock market news including how to trade Intel and Boston Beer after earnings and markets on Friday.