The Boston Beer Company, Inc.

SAM

US1005571070

Brewers

Real-time Estimate Cboe BZX Other stock markets 12:20:23 2024-04-23 pm EDT			5-day change	1st Jan Change
285.2 ^USD	-1.38%		+3.65%	-17.54%

Apr. 16	Citigroup Cuts Price Target on Boston Beer to $315 From $350, Maintains Neutral Rating	MT
Apr. 15	Deutsche Bank Adjusts Boston Beer Company Price Target to $264 From $293, Maintains Sell Rating	MT

The Boston Beer Company, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 25, 2022

July 21, 2022 at 04:22 pm EDT

The Boston Beer Company, Inc. reported earnings results for the second quarter and six months ended June 25, 2022. For the second quarter, the company reported sales was USD 655.02 million compared to USD 641.31 million a year ago. Revenue was USD 616.24 million compared to USD 602.81 million a year ago. Net income was USD 53.35 million compared to USD 59.2 million a year ago. Diluted earnings per share from continuing operations was USD 4.31 compared to USD 4.75 a year ago.
For the six months, sales was USD 1,112.31 million compared to USD 1,223.02 million a year ago. Revenue was USD 1,046.36 million compared to USD 1,147.89 million a year ago. Net income was USD 51.39 million compared to USD 124.76 million a year ago. Diluted earnings per share from continuing operations was USD 4.15 compared to USD 10.01 a year ago.

Latest news about The Boston Beer Company, Inc.

Citigroup Cuts Price Target on Boston Beer to $315 From $350, Maintains Neutral Rating	Apr. 16	MT
Deutsche Bank Adjusts Boston Beer Company Price Target to $264 From $293, Maintains Sell Rating	Apr. 15	MT
The Boston Beer Company, Inc.'s Cannabis-Infused Iced Tea Brand TeaPot Releases New 'Good Evening Iced Tea' in Blackberry Rooibos	Apr. 15	CI
Goldman Sachs Cuts Price Target on Boston Beer to $250 From $257, Keeps Sell Rating	Apr. 09	MT
Piper Sandler Initiates Coverage on Boston Beer With Overweight Rating, $350 Price Target	Mar. 22	MT
UBS Adjusts Boston Beer Price Target to $355 From $390, Maintains Neutral Rating	Feb. 28	MT
Boston Beer 2024 Outlook Disappoints with Delayed Margin Recovery Seen, Morgan Stanley Says; Price Target Cut	Feb. 28	MT
Deutsche Bank Cuts Boston Beer Price Target to $293 From $318, Maintains Sell Rating	Feb. 28	MT
Wedbush Lowers Boston Beer's PT to $340 From $378 After Lower-Than-Expected Q4 2023 Results, Keeps Neutral Rating	Feb. 28	MT
Morgan Stanley Cuts Price Target on Boston Beer to $275 From $285 Amid Q4 Miss, 'Well-Below Consensus' 2024 Guidance; Underweight Kept	Feb. 28	MT
North American Morning Briefing : Stock Futures Fall Ahead of Key Inflation Data	Feb. 28	DJ
Boston Beer Q4 Loss Widens, Revenue Falls; New CEO Named -- Shares Fall After-Hours	Feb. 27	MT
Transcript : The Boston Beer Company, Inc., Q4 2023 Earnings Call, Feb 27, 2024	Feb. 27
Earnings Flash (SAM) BOSTON BEER COMPANY Posts Q4 Revenue $393.7M	Feb. 27	MT
The Boston Beer Company, Inc. Reports Earnings Results for the Full Year Ended December 30, 2023	Feb. 27	CI
Boston Beer Company Guides For Full Year GAAP EPS of $7.00-$11.00	Feb. 27	MT
The Boston Beer Company, Inc. Announces CEO Changes	Feb. 27	CI
The Boston Beer Company, Inc. Announces Executive Changes	Feb. 27	CI
Tranche Update on The Boston Beer Company, Inc.'s Equity Buyback Plan announced on March 24, 2000.	Feb. 27	CI
The Boston Beer Company, Inc. Provides Earnings Guidance for 2024	Feb. 27	CI
The Boston Beer Company, Inc. Reports Earnings Results for the Fourth Quarter Ended December 30, 2023	Feb. 27	CI
Boston Beer Likely to Benefit From Twisted Tea Brand in Q4, RBC Capital Markets Says	Feb. 26	MT
The Boston Beer Company's Slingers Signature Cocktails?? Enters Phase Two of Test Launch, Expanding Distribution from 3 to 19 Wholesalers	Jan. 24	CI
Roth MKM Raises Price Target on Boston Beer to $422 From $406, Keeps Buy Rating	Jan. 23	MT
North American Morning Briefing : Central Bankers -2-	Jan. 17	DJ

Chart The Boston Beer Company, Inc.

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Company Profile

The Boston Beer Company, Inc. is engaged in the business of selling alcohol beverages throughout the United States and in selected international markets, under various trademarks. The trademarks include The Boston Beer Company, Twisted Tea Brewing Company, Hard Seltzer Beverage Company, Angry Orchard Cider Company, Dogfish Head Craft Brewery, Dogfish Head Distilling Co., Angel City Brewing Company, Coney Island Brewing Company, Green Rebel Brewing Co., and Truly Distilling Co. The Company produces alcohol beverages, including hard seltzer, flavored malt beverages, and hard cider at Company-owned breweries and its cidery and under contract arrangements at other brewery locations. The four primary Company-owned breweries are focused on production and research and development. It also owns four smaller local breweries that are mainly focused on brewing and packaging beers for retail sales on site at tap rooms and gift shops, and other. The Company sells its beverages in various packages.

Sector

Brewers

Calendar

2024-04-25 - Q1 2024 Earnings Release

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Ratings for The Boston Beer Company, Inc.

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

289.2 USD

Average target price

321.8 USD

Spread / Average Target

+11.28%

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