Boston Beer Co. (SAM) Misses Q3 EPS by 12c; Guides In-Line

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Go back to Boston Beer Co. (SAM) Misses Q3 EPS by 12c; Guides In-Line

Jefferies Cuts Price Target on Boston Beer Co. (SAM) to $140 Following Weak 3Q

October 21, 2016 8:05 AM EDT

Jefferies maintained a Hold rating on Boston Beer Company (NYSE: SAM), and cut the price target to $140.00 (from $151.00), following the company's 3Q earnings report. EPS of $2.48 came in below the Street's estimate of $2.55. SAM's revenues came in -9% below Street estimates on -8% depletion declines.... More