Boston Beer (SAM) Stock Surges Amidst Financial Upswing

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Oct 23, 2024

Boston Beer (SAM, Financial) experienced a notable stock price increase of 1.49%, reaching $300.00 per share. The trading volume stood at 46,027 shares with a turnover rate of 0.39% and a price fluctuation of 1.64%. The company's financial report revealed an operating income of $579 million and a net profit of $52.34 million. It reported earnings per share of $4.40 and a gross profit of $266 million, with a price-to-earnings ratio of 39.12.

Regarding analyst ratings, 20% of the 15 institutions involved in the evaluation recommended a buy, 60% suggested holding, and 20% advised selling. The alcoholic beverages industry witnessed an overall decline of 0.10%. Within this sector, Boston Beer, Chilean CCU Beer, and Molson Coors Beverage Company saw significant gains. Boston Beer, Molson Coors, and Constellation Brands-A showed high activity levels, with turnover rates of 0.39%, 0.33%, and 0.26%, respectively. In terms of stock price volatility, Boston Beer, Ambev SA, and Molson Coors had notable price swings of 1.80%, 1.76%, and 1.60%.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.