RBC Capital on Boston Beer Company (SAM): 'Margins Continue to Steal the Show'

RBC Capital analyst Nik Modi reiterated a Sector Perform rating and $245.00 price target on Boston Beer Company (NYSE: SAM)

The analyst comments "Our view: Strong print for SAM with gross margin performance stealing the show (best since 2018) and enabling incremental investment despite the notably softer volume environment. Coupled with better than feared depletion, we view this as a step in the right direction, but the environment remains a challenge. Soft volumes and SAM’s bias to reinvest has the potential to limit upside, but we acknowledge SAM continues to show progress “controlling the controllables."

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 $219.63 yesterday.

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