Boston Beer Company (SAM) PT Lowered to $440 at MKM Partners
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CFRA Downgrades Boston Beer Company (SAM) to Hold
January 14, 2022 12:34 PM ESTCFRA downgraded Boston Beer Company (NYSE: SAM) from Buy to Hold with a price target of $475.00 (from $650.00).
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 $488.98 yesterday.
... MoreBoston Beer Company (SAM) Plunges on Guidance Cut, Analysts Lower Price Targets
January 14, 2022 10:07 AM ESTShares of the Boston Beer Company (NYSE: SAM) are down over 6% in todays trading session after the company lowered its FY21 guidance.
In what has been seen as a surprise announcement by Goldman Sachs, the company lowered its gross margin outlook to 38-40% from the prior 40-42%. SAM is calling for FY21 EPS between -$1.00 and +$1.00 vs $2.00-$6.00 prior.
The Company now estimates that shipment growth for... More
