Boston Beer (SAM, Financial) experienced a notable stock price increase of 2.08%, reaching $300.00 per share with a trading volume of 53,402 shares and a turnover rate of 0.46%. This movement comes as part of a broader 1.45% increase in the alcoholic beverage sector.
Recent financial reports showcase impressive figures for Boston Beer, with revenues hitting $579 million and a net profit of $52.34 million, resulting in earnings per share of $4.40. The company achieved a gross profit of $266 million and has a price-to-earnings ratio of 39.25.
Regarding stock ratings, 15 institutions have evaluated Boston Beer: 20% recommend buying, 60% suggest holding, and 20% advise selling. The company is part of a vibrant sector including peers like Fomento Economico Mexicano and Anheuser-Busch InBev, with Boston Beer showing a notable price amplitude of 2.66%.
Boston Beer holds a strong presence in the U.S. with over 95% of its sales generated domestically. It leads in the premium malt beverage category, offering a diverse range including craft beer, flavored malt beverages, ciders, and hard seltzers under brands like Samuel Adams, Angry Orchard, Twisted Tea, and Truly. The company combines in-house production with third-party brewing partnerships and employs a dedicated sales team to promote its products.
