Auriga Reiterates a 'Hold' on Boston Beer Company (SAM); 4Q11 & FY11 Exceeds Consensus, But Guidance Tempered
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Price: $185.95 -2.55%
Rating Summary:
6 Buy, 20 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
6 Buy, 20 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Auriga reiterates a 'Hold' on Boston Beer Company (NYSE: SAM) price target of $100.00.
Auriga analyst said, "SAM reported solid 4Q results, which exceeded market expectations as the company continued to see growth in the craft beer sector. However, despite the better than expected results, management's FY12 guidance fell roughly in-line with existing expectations. In 2012, SAM's revenue growth potential exists but certain investments, as well as commodity cost pressures such as fuel and barley, may restrain earnings from exceeding expectations. We also are concerned about the impact of the early seasonal shipments, which may have pulled sales from 1Q12 to 4Q11. With the challenges, we've reduced our FY12 EPS estimate by $0.05 to $4.11. We reiterate our recommendation which continues to reflect our opinion that shares are fairly valued at current prices."
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 $104.58 yesterday.
Auriga analyst said, "SAM reported solid 4Q results, which exceeded market expectations as the company continued to see growth in the craft beer sector. However, despite the better than expected results, management's FY12 guidance fell roughly in-line with existing expectations. In 2012, SAM's revenue growth potential exists but certain investments, as well as commodity cost pressures such as fuel and barley, may restrain earnings from exceeding expectations. We also are concerned about the impact of the early seasonal shipments, which may have pulled sales from 1Q12 to 4Q11. With the challenges, we've reduced our FY12 EPS estimate by $0.05 to $4.11. We reiterate our recommendation which continues to reflect our opinion that shares are fairly valued at current prices."
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 $104.58 yesterday.
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