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Boston Beer Stock Hits 6-Year Lows on Downgrade
Schaeffers Investment Research· 2025-01-23 15:45
Group 1 - Boston Beer Company Inc (NYSE:SAM) is experiencing a decline, currently down 2.5% at $243.98, marking a six-year low following a downgrade by Piper Sandler from "overweight" to "neutral" and a price target reduction from $370 to $275 [1] - Piper Sandler's downgrade reflects a broader bearish sentiment, with only one out of 15 analysts maintaining a "buy" rating, while the 12-month consensus price target of $298.69 indicates a 22.4% premium to current levels [2] - The stock has dropped 18.7% year-to-date, with only two days of gains since January 2, and is trading below all significant daily moving averages, facing pressure from the 10-day moving average since mid-December [2] Group 2 - Short interest in Boston Beer Company has decreased by 5.4% over the last two weeks, but the stock has not benefited from this short covering, indicating underlying technical weakness [3]
Should Value Investors Buy The Boston Beer Company (SAM) Stock?
ZACKS· 2025-01-16 15:40
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current ...
Down -15.32% in 4 Weeks, Here's Why Boston Beer (SAM) Looks Ripe for a Turnaround
ZACKS· 2025-01-16 15:35
Boston Beer (SAM) has been on a downward spiral lately with significant selling pressure. After declining 15.3% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock i ...
Boston Beer Progresses Smooth on Brand Strength & Innovation
ZACKS· 2025-01-13 16:11
The Boston Beer Company, Inc. (SAM) has been making strategic initiatives to aid growth. SAM’s consistent focus on pricing, product innovation and growth of non-beer categories, alongside brand development, bodes well.Let’s Analyze SAM’s Strategic EffortsBoston Beer is keen on bringing new excitement to core flavors through innovation. The company expects to improve Truly brand trends through a renewed focus on core business, smart brand innovation and strong distributor support and retail execution. Its Tr ...
Lighten Up! Dogfish Head Flips the Script on New Year's Resolutions, Celebrates New 30 Minute Light IPA on "Quitter's Day" with Beer Money & Other Rewards
Newsfilter· 2025-01-08 15:24
Core Insights - Dogfish Head has launched a new product, the 30 Minute Light IPA, which features a 4.0% ABV, 95 calories, and 3.6g of carbs per 12oz serving, aiming to provide a flavorful yet lighter beer option [1][2] - The 30 Minute Light IPA is the first addition to Dogfish Head's "Minute Series" since 2011, which includes other popular IPAs known for their hoppy flavors [2] - The launch coincides with "Quitter's Day," a day when many abandon their New Year's resolutions, and Dogfish Head is promoting a positive spin on this by celebrating those who give up early [4][5] Product Details - The 30 Minute Light IPA is described as a hoppy, crisp, and easy-drinking beer, achieved through a continual hopping process that Dogfish Head pioneered [3] - The beer is part of a marketing strategy that includes a contest where participants can share their New Year's resolution failures for a chance to win beer money and medals [6][8] Market Context - A survey conducted by Dogfish Head revealed that 80% of Americans abandon their New Year's resolutions by the second Friday in January, highlighting a cultural trend that the company is leveraging for its marketing [4][7] - The survey also indicated that more than half of Americans made resolutions in 2024, but only one in three completed them, with common reasons for failure being lack of motivation and time [7] Collaborative Marketing - Dogfish Head has partnered with Smith Island Baking Company to create a 30 Minute Light IPA-infused cake, available for purchase nationwide, enhancing the celebratory aspect of the product launch [9]
Lighten Up! Dogfish Head Flips the Script on New Year’s Resolutions, Celebrates New 30 Minute Light IPA on “Quitter’s Day” with Beer Money & Other Rewards
Globenewswire· 2025-01-08 15:24
In honor of its newest beer, brewery to celebrate “Quitter’s Day” and reward drinkers who throw in the towel on their New Year’s resolutions early with beer money and medals Dogfish Head Celebrates Quitter's Day 2025 To celebrate the launch of 30 Minute Light IPA – which coincides with New Year’s Resolution season – Dogfish Head is celebrating “Quitters Day” by rewarding fans who give up on their resolutions early with beer money and medals. Dogfish Head's NEW 30 Minute Light IPA Dogfish Head's NEW 30 ...
Samuel Adams Offers Two Dry January Tips: Try Just The Haze IPA and Don’t Waste Great Beer
Globenewswire· 2025-01-07 13:25
Samuel Adams “Our American Dream Cookbook” 80 Inspiring Food & Beverage Entrepreneurs Come Together in a First-of-its-Kind Culinary Guide Samuel Adams Just The Haze Award-winning Non-Alcoholic IPA with tropical fruit aromas and a smooth hoppy finish Boston, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Samuel Adams, America’s #1 most trusted craft beer brand, is offering two simple tips to Dry January participants on how to make it to the finish line: Try Samuel Adams Just the Haze Non-Alcoholic IPADon’t Wast ...
Is Boston Beer Stock a Buy, Hold or Sell at a 24.98X P/E Multiple?
ZACKS· 2024-12-30 16:46
The Boston Beer Company, Inc. (SAM) is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 24.98X, higher than the industry average of 15.12X and the S&P 500’s 22.40X. A P/E ratio higher than the industry average often reflects investor confidence in a company's growth potential or market positioning. However, it also implies higher expectations and any earnings shortfall could lead to significant downward pressure on the stock price.SAM Stock's P/E PerformanceImage Source: Zacks Invest ...
Boston Beer Amends Production Agreement With Rauch, Revises 2024 View
ZACKS· 2024-12-23 18:16
The Boston Beer Company, Inc. (SAM) has been making strategic initiatives to aid growth. SAM’s consistent focus on pricing, product innovation and growth of non-beer categories, alongside brand development, bodes well. In the latest update, the company has made an amendment and restatement entirely in its present production agreement with Rauch North America Inc (Rauch), its third-party supplier. This comes as part of its continuous efforts related to supply-chain optimization. Consequently, management has ...
BOSTON BEER UPDATES 2024 FINANCIAL GUIDANCE TO REFLECT SUPPLIER CONTRACT AMENDMENT
Globenewswire· 2024-12-20 21:15
BOSTON, Dec. 20, 2024 (GLOBE NEWSWIRE) -- As part of its ongoing initiatives to optimize its supply chain, The Boston Beer Company, Inc. (NYSE: SAM), today announced an amendment and restatement in its entirety of an existing production agreement with a third-party supplier, Rauch North America Inc (‘Rauch’). This amendment adjusts the existing production agreement to better match the Company’s future capacity requirements and results in increased production flexibility and more favorable termination rights ...