Boston Beer Co. (SAM) Misses Q1 EPS by 43c; Guides Below the Street

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Boston Beer (SAM) Sees Reversal from Early Lows

April 22, 2016 10:13 AM EDT

Boston Beer Co. (NYSE: SAM) is seeing a notable reversal off earlier lows following dismal EPS after the close. Shares are down 7.6% after opening down 12.3%.

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Boston Beer (SAM) Prints a Big 1Q Miss - Jefferies

April 22, 2016 8:33 AM EDT

Jefferies analyst, Kevin Grundy, cut his below market target price on shares of Boston Beer (NYSE: SAM) to $145 (from $168.00) as 1Q EPS of $0.54 came in well below the $0.93 Street est. Both revenue (-3.6%) and the operating margin (-425 bps) missed expectations. The firm maintained a Hold... More