|Bid||1,051.55 x 1100|
|Ask||1,064.59 x 800|
|Day's Range||1,029.53 - 1,066.06|
|52 Week Range||290.02 - 1,092.80|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||75.51|
|Earnings Date||Oct 22, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1,041.62|
Investors had some heady expectations about Boston Beer's (NYSE: SAM) third quarter earnings report. The company's dominant presence in the retailing niche has helped it avoid the sales declines that hurt larger rivals like Anheuser Busch Inbev through the early months of the pandemic. Boston Beer's strengths also include runaway product hits from the Truly and Twisted Tea alcoholic beverage franchises.
Boston Beer (NYSE: SAM) just crossed the $1,000 stock price threshold for the first time ever as the brewer and beverage maker has gone on a year-long tear. With the stock nearly 300% higher than the low-point it hit in March -- and almost 200% above where it started 2020 -- let's see if investors should consider buying the owner of Samuel Adams beer, Truly hard seltzer, and Angry Orchard hard cider. Boston Beer has come a long way from being the premier craft brewer in the country, but today it produces far more alcoholic beverages that aren't beer than are.