Auriga Maintains a 'Buy' on Boston Beer Company (SAM); Q1 Preview
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Price: $153.63 -0.21%
Rating Summary:
1 Buy, 5 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
1 Buy, 5 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade SAM Now!
Auriga maintains a 'Buy' on Boston Beer Company (NYSE: SAM) price target of $100.00.
Analyst, Gary Albanese, said, "Expecting Improvement Compared to Last Year. We expect the company to report improved EPS, rebounding to $0.46 in the quarter compared to $0.28 last year. We also expect net revenue to rise to $110.4 million compared to $102.2 million. We expect Boston Beer to benefit from continued growth of its seasonal beers as well as that from Twisted Tea, which is being rolled out to new markets this year. Headwinds Could Impact Results. The quarter likely experienced higher component costs and higher shipping costs. Boston Beer, as well as many industry peers, increased prices to accommodate the higher sourcing costs. Management estimates higher barley costs will add $8 million to costs this year."
For an analyst ratings summary and ratings history on Boston Beer Company click here. For more ratings news on Boston Beer Company click here.
Shares of Boston Beer Company closed at $99.96 yesterday, with a 52 week range of $71.00-$115.49.
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Analyst, Gary Albanese, said, "Expecting Improvement Compared to Last Year. We expect the company to report improved EPS, rebounding to $0.46 in the quarter compared to $0.28 last year. We also expect net revenue to rise to $110.4 million compared to $102.2 million. We expect Boston Beer to benefit from continued growth of its seasonal beers as well as that from Twisted Tea, which is being rolled out to new markets this year. Headwinds Could Impact Results. The quarter likely experienced higher component costs and higher shipping costs. Boston Beer, as well as many industry peers, increased prices to accommodate the higher sourcing costs. Management estimates higher barley costs will add $8 million to costs this year."
For an analyst ratings summary and ratings history on Boston Beer Company click here. For more ratings news on Boston Beer Company click here.
Shares of Boston Beer Company closed at $99.96 yesterday, with a 52 week range of $71.00-$115.49.
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