Boston Beer Co. (SAM, Financial) experienced a notable stock movement, with shares spiking by 1.20%. The stock is currently trading at $300.22 per share, with a trading volume of 35,547 shares and a turnover rate of 0.31%. The stock's price fluctuated by 1.75% during the session.
Recent financial results reveal that Boston Beer generated a revenue of $605 million, with a net profit of $33.51 million. Earnings per share (EPS) stand at $2.87, and the company reported a gross profit of $280 million, with a price-to-earnings (P/E) ratio of 44.01.
In terms of analyst ratings, out of 15 rating firms, 13% have given a "buy" recommendation, 67% suggest holding, and 20% recommend selling.
Within the alcoholic beverage sector where Boston Beer operates, the overall increase is recorded at 0.31%. Other key performers in the sector include Anheuser-Busch InBev and Molson Coors Beverage Co. Boston Beer remains active alongside these competitors with a turnover rate of 0.31%. The stock also showed significant price volatility, alongside Fomento Economico Mexicano and Ambev SA, with fluctuations of 1.89% and 1.81%, respectively.
Boston Beer Co. is a leading U.S. company in the premium malt beverage category. It holds a strong market position in craft beer, flavored malt beverages, cider, and hard seltzer categories. The company primarily garners sales from four main brands: Samuel Adams, Angry Orchard, Twisted Tea, and Truly. It employs a hybrid production model, utilizing both internal capabilities and third-party breweries. Despite relying on distributors like retailers and on-premise operators to reach end markets, Boston Beer employs 500 internal sales representatives to promote and educate the market about its products. The company generates over 95% of its sales from the U.S. market.
