Boston Beer stock suffers record selloff as analysts slash targets after big earnings miss [Yahoo! Finance News]
Boston Beer Company, Inc. (The) (SAM)
Last boston beer company, inc. (the) earnings: 4/22 04:15 pm
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Source: Yahoo! Finance News
Shares of Boston Beer Co. Inc. suffered a record plunge to a one-year low Friday, as an avalanche of analysts slashed their price targets following the alcoholic beverages company’s biggest earnings miss in years.The stock, Both the price and percentage declines were the biggest since the company went public in November 1995. The price drop was more than double the previous record fall of $112.40 on Nov. 9, 2020, while the percentage decline just broke the previous record of 25.4% on Nov. 6, 2007.“”— Chairman, Founder James KochThe company reported late Thursday second-quarter profit that declined to $59.2 million, or $4.75 a share, from $60.1 million, or $4.88 a share, in the year-ago periodThe reported earnings per share of $4.75 was 28% below the FactSet EPS consensus of $6.60, amid surprising weakness in hard seltzer sales. That was the biggest miss since the company reported EPS that was 30% below expectations in the second quarter of 2018.Revenue rose 33% to $602.8 milli
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News
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- Why Is Boston Beer (SAM) Down 1.2% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Trends brewing in the alcohol industry [Seeking Alpha]Seeking Alpha
- The Boston Beer Company, Inc. (NYSE: SAM) is now covered by analysts at Piper Sandler. They set an "overweight" rating and a $350.00 price target on the stock.MarketBeat
SAM
Earnings
- 2/27/24 - Miss
SAM
Sec Filings
- 3/28/24 - Form ARS
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form DEF
- SAM's page on the SEC website