SAM - The Boston Beer Company, Inc.
| Previous Close | 390.16 |
| Open | 390.79 |
| Bid | 250.00 x 800 |
| Ask | 410.00 x 1100 |
| Day's Range | 386.56 - 393.51 |
| 52 Week Range | 230.93 - 444.65 |
| Volume | 201,753 |
| Avg. Volume | 203,712 |
| Market Cap | 4.693B |
| Beta (3Y Monthly) | 0.73 |
| PE Ratio (TTM) | 40.99 |
| EPS (TTM) | 9.46 |
| Earnings Date | Oct 29, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 388.92 |
- American City Business Journals
Sam Adams' 'most extreme beer' will be on tap for first time ever in Cincinnati
Samuel Adams' rarest, most potent brew will be on tap for the first time ever, and only in the brewery's Cincinnati taproom.
- InvestorPlace
7 Beverage Stocks to Buy Now
PepsiCo (NASDAQ:PEP) announced its third-quarter results on Oct. 4. They were healthy enough that I've put the beverage and snack food company on my list of seven beverage stocks to buy now. But before I get into the seven names on my list, I thought I'd explain why I'm so high on beverage stocks. The truth is, a lot of interesting stuff is happening in the beverage world at the moment, not the least of which is a fight by traditional beverage makers, non-alcoholic and alcoholic alike, to get into cannabis-infused drinks. The payoff could be enormous for those brands that resonate with the public. InvestorPlace - Stock Market News, Stock Advice & Trading TipsFurthermore, long-time partnerships seem to be fracturing as larger beverage businesses look to find growth wherever they can. The gloves have come off.Big or small, you've got to have a vision for sustainable growth or you're going to be left in the dust. * 10 Lithium Stocks to Buy Despite the Market's Irrationality Here are the seven beverage stocks I believe will do just that. Beverage Stocks to Buy: PepsiCo (PEP)Source: suriyachan / Shutterstock.com PepsiCo released its Q3 2019 results Oct. 3 and they were very healthy. On the top line, Pepsi had organic growth of 4.3%. In terms of profits, Pepsi generated $2.86 billion in operating profits in the quarter, $11 million higher than the same quarter a year earlier. This is despite PEP spending $2 billion on its business through the first nine months of the year and an estimated $4.5 billion for the entire fiscal year. "While adverse foreign exchange translation negatively impacted reported net revenue performance, organic revenue growth was 4.3% in the quarter," stated CEO Ramon Laguarta. "We are making good progress against our strategic priorities and our businesses are performing well … Given our performance year-to-date, we now expect to meet or exceed our full-year organic revenue growth target of 4%."One of the big reasons for its success so far in 2019 are the sales from Bubly, the sparkling water brand it launched in 2018. According to Bloomberg Intelligence, it is taking market share from LaCroix, which saw its sales fall by 14% in the four weeks ended July 14, compared to a 96% increase for Bubly in the same period. Pepsi is investing in the brand and LaCroix is feeling the heat.Over the past year, Bubly has generated more than $170 million in revenue and grabbed 7.7% of the sparkling water market in short order. With free cash flow expected to be $5 billion or more in 2019, look for the company to buy back more than $3 billion of PEP stock. Canopy Growth (CGC), Constellation Brands (STZ)Source: Shutterstock If you blinked, you probably missed the news Oct. 2, that Canopy Growth (NYSE:CGC) was buying 72% of BioSteel Sports Nutrition, a company that specializes in sports nutrition and hydration products for high-performance athletes like Dallas Cowboy running back Ezekiel Elliott. With an option to buy the remaining 28% of BioSteel in the future, I see this acquisition as a no-brainer for the Canadian cannabis company backed by Constellation Brands (NYSE:STZ). When the news first broke, I was all over the story because, unlike the $600 million Canopy spent on Hiku, BioSteel has "big" written all over it.Not only does Canopy get a beverage and nutrition company that it could grow on its own, separate from its cannabis business, but BioSteel is also a great vehicle to roll out CBD-based products to athletes and non-athletes across North America. The CBD industry is projected to grow to $17.3 billion over the next seven years. Add these drinks to the CBD-infused chewables and chocolates and you've got a recipe for significant revenue generation. * 10 Winning Stocks to Buy and Stick With for the Long Haul Take Constellation's distribution reach, Canopy's understanding of cannabis and hemp and BioSteel's market leadership, and this investment seems like a slam dunk. Boston Beer (SAM)Source: LunaseeStudios / Shutterstock.com The good news for owners of Boston Beer (NYSE:SAM) stock is that it's up 54% year-to-date through Oct. 8. The bad news is that it was as high as $445 in early September. Not to worry. Just when you think CEO and founder Jim Koch is down and out, he figures out how to keep Boston Beer growing. Are you familiar with White Claw? It's the leading hard seltzer in the U.S., brought to consumers by the same people who sell Mike's Hard Lemonade, and outselling Budweiser and every craft beer in the process. A fad, you say. Don't tell that to Koch. He's got Truly, the second-place brand in terms of market share at 30%, half White Claw's, but still pretty darn impressive. On Oct. 4, thanks to the company finding the internal capacity to produce Truly in-house instead of using third-party co-packers, UBS Group analyst Sean King upgraded his rating on the stock from $305 to $390. "Truly's stellar growth in fiscal 2019 failed to translate into meaningful earnings growth year-to-date as the company's heavy reliance on co-packers weighed on margins," King wrote. "We now believe that this headwind will ease into fiscal 2020 with greater internal capacity coming. The extent of vertical integration and outlook for Truly growth will be key determinants of earnings growth for Boston Beer in fiscal 2020." Here's what I know. I live on Canada's east coast. You can't find either product on store shelves. Down in the U.S., it's estimated that only 20% of restaurants and bars carry White Claw indicating just how much business is still on the table.I see $400 again soon. Starbucks (SBUX)Source: monticello / Shutterstock.com What would a list of beverage stocks be if it didn't contain the world's biggest coffee company.Starbucks (NASDAQ:SBUX), like Boston Beer, always seems to find a way to reignite growth at precisely the right time, and in doing so, keep the SBUX share price moving higher. In 2019, it's up 34% YTD, including dividends. As if you needed another reason to own SBUX stock, I've come across a real doozie. According to Schaeffer's Investment Research, Starbucks is one of only two S&P 500 stocks that have moved higher in the fourth quarter for 10 consecutive years, averaging a Q4 return of 10.6%.While there are other S&P 500 stocks that have better average returns in the fourth quarter -- Delta (NYSE:DAL) has an average return of 16.6%, delivering positive returns in nine out of the last 10 years -- its consistency is important as we approach the 11th anniversary of the latest bull market. Sure, the company's admission that its 10% growth rate forecast probably won't carry into 2020 due to some one-time, tax-related issues but unless people stop drinking coffee, it will continue to do just fine. Down from its 52-week high of $99.72 reached in July, any future weakness should be met with increased buying. * 7 'A'-Rated Stocks to Buy for the Rest of 2019 As beverage stocks go, Starbucks is a must-own. LVMH (LVMUY)Source: lentamart / Shutterstock.com Most people wouldn't consider luxury goods conglomerate LVMH (OTCMKTS:LVMUY) a beverage company. However, given the "MH" in its name stands for Moet-Hennessy, which merged with Louis Vuitton in 1987 to form LVMH, I would beg to differ. If there were a consumer goods company that is too big too fail, I would go with LVMH every day of the week and twice on Sunday. That's why I recommended LVMUY stock in September as part of my article about one-stock portfolios to own. As I said then, LVMH generates almost $53 billion in annual revenue from more than 70 different brands including makers of wine, champagne, cognac, and whiskey. In the first half of 2019, its Wines & Spirits group generated 6% organic growth, with its cognac and spirits business accounting for 61% of sales and champagne and wine the remaining 39%. Although LVMH believes its Wines & Spirits group is facing a difficult business environment, Hennessey managed to grow volumes by 8% in the first six months of the year thanks to strong sales of its VS and VSOP cognac. It pays to own quality. Molson Coors (TAP)Source: Drew Stephens via FlickrMolson Coors' (NYSE:TAP) Canadian division opened a new brewery in Chilliwack, British Columbia, in September. It was built to replace its Vancouver brewery that was sold in 2015. Three years in the making, it's a $300-million facility located on 36 acres, and employing 100 people. More importantly, it is the company's most modern brewery, that will reduce energy and water use by 20% and 40%, respectively. In terms of capacity, it will be able to brew more beer in a year than all of the craft beer sold in B.C. in its most recent fiscal year. While the recent resignation of Hexo (NYSE:HEXO) CFO Michael Monahan has some worried about the cannabis company's future, MKM Partners analyst Bill Kirk remains bullish about its stock. Kirk rates it a buy with a target price of $9.02. I mention Hexo because it is the company that Molson Coors Canada has partnered with to produce cannabis-infused drinks for the Canadian market. Named Truss Beverages, Molson Coors owns 57.5% with Hexo owning the rest. Molson Coors believes that the Canadian cannabis beverages market could be worth between $1.5 billion and $3.0 billion. With legalization of cannabis-infused drinks to take place on Oct. 17 and allowing for another 60 days to get the appropriate licensing, Truss should have products in stores as early as mid-December. * 7 Funds to Buy If the Market Turns Sour Molson Coors might be a beverage underdog, but if you can afford to risk a few dollars, its gamble on cannabis that might well pay off handsomely. Coca-Cola (KO)Source: MAHATHIR MOHD YASIN / Shutterstock.com I didn't want to pick Coca-Cola (NYSE:KO) when Pepsi's already on the list but the fact that it's launching its own energy drink in the U.S. makes it noteworthy.Investors already knew about Coca-Cola Energy because the line of drinks has already launched in Spain, Hungary and 25 other markets in Europe and Australia. In addition to Coca-Cola Energy, the lineup includes a zero sugar version, a cherry flavor and a zero sugar cherry offering. Coca-Cola already had a partnership with Monster Beverage (NASDAQ:MNST) that was signed in 2015 that gave Coke a minority position in the energy drink maker and made Coca-Cola its preferred distribution partner. In addition, Coca-Cola transferred its energy drink assets to Monster and Monster gave Coke its non-energy business. It was a marriage made in heaven until Coke decided it wanted back in the energy drink game. The two parties went to arbitration in October 2018. The arbitration tribunal ruled in July that Coke could continue to sell Coca-Cola Energy because it fell under the Coca-Cola brand name and didn't violate the non-compete clause. Coca-Cola has brought a number of interesting products in the past year and Coca-Cola Energy is certainly one of them. Add to this its entry into the coffee market through Costa Coffee and its growth engine might rev up its share price. At the time of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post 7 Beverage Stocks to Buy Now appeared first on InvestorPlace.
- Barrons.com
Buy Boston Beer Stock Because Hard Seltzer Is Too Hard to Ignore, Analyst Says
Shares of the beverage company rose on Friday after an analyst said the booming popularity of hard seltzer makes it “too hard to sit on the sidelines.”
- TheStreet.com
[video]Boston Beer Gets Another Upgrade on Strong Growth of Truly Brand
Boston Beer receives another upgrade, this time from Citi analyst Wendy Nicholson, who boosts her rating on the stock to buy from neutral amid what she sees as 'terrific' growth of its hard seltzer brand, Truly.
- Zacks
Know the Molson Coors (TAP) Stock In and Out Before You Invest
Molson Coors (TAP) gains from the solid brand portfolio and premiumization efforts as well as cost-saving initiatives and innovations. But soft beer demand and higher input costs remain deterrents.
- Zacks
Why Boston Beer (SAM) is Poised to Beat Earnings Estimates Again
Boston Beer (SAM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- MarketWatch
Sam Adams parent Boston Beer upgraded as Truly hard seltzer headwind fizzles
Boston Beer Co. , whose portfolio of brands includes Sam Adams beer, was upgraded to neutral from sell at UBS based on fading headwinds to the popular Truly hard seltzer brand. UBS bumped up its price target to $390 from $305. "Truly's stellar growth in fiscal 2019 failed to translate into meaningful earnings growth year-to-date as the company's heavy reliance on co-packers weighed on margins," analyst Sean King wrote. "We now believe that this headwind will ease into fiscal 2020 with greater internal capacity coming. The extent of vertical integration and outlook for Truly growth will be key determinants of earnings growth for Boston Beer in fiscal 2020." Moreover, UBS has heard chatter about an ongoing shortage in White Claw, a big Truly competitor, which King thinks will drive share stabilization at Boston Beer. Shares of Boston Beer have rallied 56% for the year to date while the S&P 500 index is up nearly 17% for the period. Read: White Claw, Truly and other hard seltzers could take a hit from Sober September
- Zacks
Know the AB InBev (BUD) Stock In and Out Before You Invest
AB InBev (BUD) gains from the solid brand portfolio and geographic reach, with strength in global brands that are aiding the top line. But currency headwinds and commodity cost inflation are deterrents.
- Simply Wall St.
Can You Imagine How Chuffed Boston Beer Company's (NYSE:SAM) Shareholders Feel About Its 135% Share Price Gain?
The Boston Beer Company, Inc. (NYSE:SAM) shareholders might be concerned after seeing the share price drop 17% in the...
- Zacks
Can Beer Business Aid Constellation Brands' (STZ) Q2 Earnings?
Momentum in the beer business positions Constellation Brands (STZ) for solid top and bottom-line growth in second-quarter fiscal 2020.
- Zacks
Is Constellation Brands (STZ) Stock a Buy Heading into Q2 Earnings?
Should investors consider buying shares of Constellation Brands (STZ) as we head into the release of its second quarter fiscal 2020 earnings results, due out on Thursday, October 3?
- Barrons.com
Link to Amazon Could Boost Semtech Shares
These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. At its hardware event, (AMZN) [ticker: AMZN] announced the launch of its Sidewalk network, which we believe is based on [Semtech’s] LoRa [technology]. Sidewalk is Amazon’s new low-bandwidth network that uses the 900 megahertz spectrum, roughly the same spectrum range as LoRa.
- TheStreet.com
Boston Beer Shares Rise on BMO Upgrade to Outperform
BMO analyst Amit Sharma upgrades the stock to outperform from market perform and raises the target price to $410.
- Zacks
Boston Beer (SAM) Enters Deal to Showcase Truly Brand at NHL
Boston Beer (SAM) declares a new multiyear partnership with the National Hockey League (NHL) to promote its Truly Hard Seltzer brand. This will help it to offset softness in Samuel Adams brand.
- Bloomberg
Spiked Seltzer Boom Balances Weak Sam Adams Sales for Boston Beer
(Bloomberg) -- Better-than-expected sales of Boston Beer Co.’s Truly Hard Seltzer are helping to offset softer growth for the company’s flagship Sam Adams and Dogfish Head beers, according to analysts at Guggenheim.The strong growth outlook for more innovative beverages such as Truly and Twisted Tea makes analyst Laurent Grandet more positive on third-quarter sales. “Truly is far outpacing our estimates with additional room to run next year, even as White Claw remains the category leader,” Grandet wrote. “Truly and Claw are now the law.”Boston Beer’s Truly and rival White Claw, owned by closely held Mark Anthony Brands Inc., hold an 85% share of the hard seltzer market -- which has tripled from a year ago, Grandet wrote. The rising popularity of bubbly beverages triggered shortages of White Claw across the country as consumers clamored for more as they hit the beach one last time this summer.Shares of the Boston-based brewer rose as much as 4.3% on Monday, their biggest gain since Aug. 6. The stock is up 47% this year, despite shedding $1 billion in market value since an August peak. That gain is more than double the return for the broader S&P 500 Index, which is up 19%.Shortages may also be providing a boost to sales of Truly as party-goers substitute “the Claw” with Boston Beer’s drink, which is typically cheaper. Guggenheim doesn’t expect the seltzer boom to come to a halt as the season fades. Grandet estimates that Truly will grow 160% in fiscal 2019 before expanding another 85% in 2020, presenting plenty of “distribution headroom.”With Truly now Boston Beer’s largest product, making up more than one-third of retail sales, management will likely pay greater attention to sales and ramping up growth, according to Grandet. That growth is expected to lead the company to boost its estimates for 2019 when it reports earnings next month and provides a base for beer sales that have fizzled as consumers look for lighter, lower calorie options.Across Boston Beer’s alternative offerings, strong growth from Twisted Tea should help offset declining sales from the company’s Angry Orchard hard cider business.(Updates with context and details starting in the third paragraph)To contact the reporter on this story: Bailey Lipschultz in New York at blipschultz@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Scott SchnipperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- PR Newswire
The Boston Beer Company And NHL Announce Multiyear U.S. Partnership Making Truly Hard Seltzer The Official Hard Seltzer Of The NHL
NEW YORK, Sept. 23, 2019 /PRNewswire/ -- The Boston Beer Company and the National Hockey League (NHL®) today announced a new multiyear U.S. partnership, naming Truly Hard Seltzer the official hard seltzer of the NHL. Launching at the start of the 2019-20 NHL regular season, the new five-year agreement marks the first national sports league partnership for The Boston Beer Company and Truly Hard Seltzer. Throughout the NHL regular season, Stanley Cup® Playoffs and Stanley Cup Final, Truly Hard Seltzer will receive exposure to NHL fans in numerous ways, including the opportunity to try new flavors as they are released.
- TheStreet.com
Boston Beer Stock Gains as Guggenheim Sees Momentum in Spiked Seltzer
Boston Beer was rising more than 3% Monday after analysts at Guggenheim raised the stock's price target to $462 from $449. The firm is bullish on the company's spiked seltzer brand Truly, citing its strong sales growth as a catalyst for the improved view despite rival spiked seltzer brand White Claw still holding 85% market share. Truly is far outpacing our estimates with additional room to run next year, even as White Claw remains the category leader," Guggenheim analyst Laurent Grandet wrote.
- Zacks
The Zacks Analyst Blog Highlights: Anheuser-Busch, Tilray, Boston Beer, Constellation Brands and Aphria
The Zacks Analyst Blog Highlights: Anheuser-Busch, Tilray, Boston Beer, Constellation Brands and Aphria
- MarketWatch
White Claw, Truly and other hard seltzers could take a hit from Sober September
A UBS survey shows that many members of the key demographics for hard seltzer consumption intend to take a month off for Sober September
- Zacks
4 Stocks to Ride on the CBD-Infused Beverage Trend
CBD-infused drinks are gaining fast popularity among all age groups, thanks to its many health benefits.
- Motley Fool
Boston Beer's Hard Seltzer Is Experiencing Potent Sales Growth
But with alcoholic beverage giants now taking serious aim at the new niche, will Truly be able to hold on to its market share?
- Yahoo Finance Video
Citi upgrades Boston Beer Company shares to 'buy'
Citi is bullish on the Boston Beer Company. The firm upgraded its rating on the stock to buy from neutral and raised its price target by $54 to $448. Citi analyst Wendy Nicholson writes that it’s too hard to sit on the sidelines when hard seltzer growth is so truly terrific. Here's Yahoo Finance's Jen Rogers, Myles Udland and Dan Roberts to break down this call.
- Yahoo Finance Video
Summer is over, but seltzer is here to stay, says Boston Beer CEO
Spiked seltzer brand Truly has inked an exclusive, multi-year deal with the National Hockey League, becoming the organization's first official hard seltzer. Dave Burwick, the President and CEO of Boston Beer, Truly's parent company, joins The Final Round to discuss the partnership, and what's next for the beverage industry.
- Yahoo Finance Video
Spiked seltzer gives Boston Beer a boost: Guggenheim
Guggenheim raises Boston Beer’s target on Truly sales. Yahoo Finance's Zack Guzman & Heidi Chung, along with Clearnomics Founder & CEO James Liu discuss with Guggenheim Securities Managing Director and Beverages & Food Lead Analyst Laurent Grandet.
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