Boston Beer Co. (SAM) Misses Q4 EPS by 115c; misses on guidance
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Go back to Boston Beer Co. (SAM) Misses Q4 EPS by 115c; misses on guidance
February 28, 2024 8:47 AM EST
CFRA analyst Garrett Nelson downgraded Boston Beer Company (NYSE: SAM) from Hold to Sell with a price target of $275.00 (from $350.00).
The analyst comments "We cut our 12-month target by $75 to $275, representing a '25 P/E of 27x, a justified discount to its 10-year average... More
February 28, 2024 5:06 AM EST
Morgan Stanley analyst Eric Serotta lowered the price target on Boston Beer Company (NYSE: SAM) to $275.00 (from $285.00) while maintaining a Underweight rating.
The analyst comments "We expect a negative reaction following SAM's 4Q results and weaker than expected FY24 EPS guidance that... More
February 28, 2024 3:22 AM EST
Citi analyst Wendy Nicholson lowered the price target on Boston Beer Company (NYSE: SAM) to $350.00 (from $370.00) while maintaining a Neutral rating.
The analyst comments "SAM reported 4Q23 EPS of -$1.49 (vs. our -$0.64 estimate and VA cons. of -$0.56) on softer... More
February 27, 2024 4:37 PM EST
Boston Beer (NYSE: SAM) saw its shares dip more than 11% in premarket trading Wednesday after the company reported a wider-than-anticipated loss per share for the fiscal fourth quarter, and issued a downbeat full-year guidance.
The firms Q4 loss per share was reported at $1.49, worse than the $0.34 loss per share expected by analysts. Revenue came in at $393.72 million, also missing the forecasted $413.77 million.
Boston Beers gross margin stood at... More
