Boston Beer Co. (SAM) Tops Q4 EPS by 8c, FY16 EPS Guidance Misses
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Demand Issues Persist for Boston Beer (SAM) - Jefferies
February 19, 2016 9:53 AM ESTJefferies analyst, Kevin Grundy, is cautious on Boston Beer Company (NYSE: SAM) after another guide down. PT drops to $182, no change to the Hold rating.
SAM's 4Q revs were -3.9% below Street est. on -3% depletion declines (+5% 2-yr avg.) as weakness in the core Sam Adams brand and Angry Orchard persisted. Emblematic of SAM's troubling 2015 (and start to '16), the co. delivered 4% depletions growth in... More
