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Here's Why Boston Beer (SAM) is a Strong Value Stock
ZACKS· 2024-10-29 14:41
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...
Boston Beer's Strategic Moves With Hard Mtn Dew And Twisted Tea Position It For 2025 Gains, Analysts Say
Benzinga· 2024-10-25 18:32
Boston Beer Company, Inc. SAM reported third-quarter results, with net revenue increasing 0.6% to $605.5 million and a gross margin of 46.3%, rising 60 basis points year over year.Piper Sandler analyst Michael S. Lavery increased the price forecast to $330 from $325, with an Overweight rating.The analyst sees potential growth from the national rollout of Hard Mtn Dew within its own distribution network, primarily in 2025.While transition disruptions have been more significant than expected, Hard Mtn Dew sal ...
Boston Beer's Q3 Earnings Beat Estimates, EPS Guidance Narrowed
ZACKS· 2024-10-25 17:05
The Boston Beer Company, Inc. (SAM) posted third-quarter 2024 results, wherein the bottom line surpassed the Zacks Consensus Estimates, while the top line missed the same. Both net sales and earnings increased from the year-ago period. Results benefited from price increases, lower returns and improved margins, offset by soft volume trends for Truly Hard Seltzer. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The craft brewer reported third-quarter adjusted earnings per share (EPS) ...
Boston Beer (SAM) Q3 Earnings Top Estimates
ZACKS· 2024-10-24 22:40
Boston Beer (SAM) came out with quarterly earnings of $5.35 per share, beating the Zacks Consensus Estimate of $4.96 per share. This compares to earnings of $4.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.86%. A quarter ago, it was expected that this brewer would post earnings of $4.99 per share when it actually produced earnings of $4.39, delivering a surprise of -12.02%.Over the last four quarters, the company has su ...
Boston Beer(SAM) - 2024 Q3 - Quarterly Results
2024-10-24 20:27
Exhibit 99 Investor Relations Contact: Media Contact: Jennifer Larson Dave DeCecco (617) 368-5152 (914) 261-6572 jennifer.larson@bostonbeer.com dave.dececco@bostonbeer.com BOSTON BEER REPORTS THIRD QUARTER FINANCIAL RESULTS BOSTON (October 24, 2024) -- 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 $6 ...
Boston Beer Reports Third Quarter Financial Results
GlobeNewswire News Room· 2024-10-24 20:15
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 2024N ...
Starcore Provides Updates
Newsfile· 2024-10-22 00:01
Vancouver, British Columbia--(Newsfile Corp. - October 21, 2024) - Starcore International Mines Ltd. (TSX: SAM) (FSE: V4JA) ("Starcore" or the "Company") is pleased to announce that operations at San Martin have resumed with the mine returning to normal capacity and productivity, following the upgrades to safety standards that were put into immediate effect by the Company. "We would like to thank the Secretaria del Trabajo y Prevision Social (Secretary of Labor & Social Welfare), the Procuraduría Federal d ...
Are Investors Undervaluing The Boston Beer Company (SAM) Right Now?
ZACKS· 2024-10-09 14:45
Core Insights - The Boston Beer Company (SAM) is currently identified as a strong value stock with a Zacks Rank of 2 (Buy) and an A grade for Value [3][6] - SAM's Price-to-Sales (P/S) ratio is 1.52, which is lower than the industry average of 1.9, indicating potential undervaluation [4] - The Price-to-Cash Flow (P/CF) ratio for SAM is 15.83, significantly below the industry average of 49.77, suggesting a favorable cash outlook [5] Valuation Metrics - The P/S ratio of SAM is 1.52 compared to the industry's average of 1.9, highlighting its relative undervaluation [4] - SAM's P/CF ratio stands at 15.83, with historical highs of 24.90 and lows of 15.13 over the past year, indicating a strong cash flow position [5] - The median P/CF for SAM is 17.88, further supporting its undervaluation narrative [5] Investment Outlook - Given the strength of SAM's earnings outlook and its favorable valuation metrics, it is positioned as one of the market's strongest value stocks [6]
Samuel Adams Showcases Over 15 Years of Small Business Support with the Launch of Inaugural “Our American Dream Cookbook”
GlobeNewswire News Room· 2024-10-01 13:18
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 craftsp ...
Starcore Announces Increase in Mineral Reserves and Mineral Resources as of April 30, 2024
Newsfile· 2024-09-23 06:30
Vancouver, British Columbia--(Newsfile Corp. - September 23, 2024) - Starcore Mines International Ltd. (TSX: SAM) ("Starcore" or the "Company") reports its estimated mineral reserves and mineral resources as at April 30, 2024 for its San Martin Mine, located in Queretaro State, Mexico. The report has been filed on SEDAR+ and is also available on the Company's website www.starcore.com. Mineral Reserves as of April 30, 2024 Proven and Probable mineral reserves are estimated to contain approximately 96,298 oun ...