Boston Beer Reports Second Quarter 2019 Results
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Go back to Boston Beer Reports Second Quarter 2019 Results
July 26, 2019 7:26 AM EDT
RBC Capital analyst Nik Modi raised the price target on Boston Beer Company (NYSE: SAM) to $346.00 (from $228.00) while maintaining a Sector Perform rating.
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July 26, 2019 6:34 AM EDT
Guggenheim analyst Laurent Grandet raised the price target on Boston Beer Company (NYSE: SAM) to $449.00 (from $421.00) while maintaining a Buy rating following results.
The analyst commented, "The company reported 2Q results that beat expectations due primarily to strong shipments growth driven by... More
July 25, 2019 4:26 PM EDT
Boston Beer Co. (NYSE: SAM) reported Q2 EPS of $2.36, $0.41 better than the analyst estimate of $1.95. Revenue for the quarter came in at $318.4 million versus the consensus estimate of $309.77 million.
Highlights of this release include:
Depletions increased 17% and 15% from the comparable 13 and 26 week periods in the prior year.
Shipments increased 17% and 23% from the comparable 13 and 26 week periods in the prior year.
Full year 2019 shipments and depletions growth including Dogfish Head beginning July 3, 2019 is now estimated to be between 17% and 22%, an increase from the previously communicated estimate of between 10% and 15%.
Excluding... More
