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Chicago Cannabis Company Green Thumb Proposes Merger With Boston Beer, Eyes Stock Listing
Tuesday, June 4, 2024 - 4:11pm | 662Chicago-based cannabis producer Green Thumb Industries (OTCQX:GTBIF) has raised eyebrows throughout the beverage and weed industries with a recent proposal to merge with Boston Beer Co. (NYSE:SAM), the iconic American brewer behind Sam Adams lager. Green Thumb Seeks Stock Exchange Listing Green...
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Sam Adams, Truly Hard Seltzer Owner Boston Beer In Talks To Sell: What Investors Need To Know
Friday, May 31, 2024 - 3:41pm | 465Boston Beer Company Inc (NYSE:SAM) shares soared Friday with a report the company is nearing a sale in a move that could be a big change for one of best-known beer stocks. What Happened: Boston Beer could be nearing a sale that would value the company at a premium to its current $3 billion market...
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Sam Adams Maker Ventures Into Cannabis Iced Tea: What's Brewing In This New Venture?
Wednesday, November 1, 2023 - 4:22pm | 975The Boston Beer Company, Inc. (NYSE: SAM), known for brands like Sam Adams and Twisted Tea, entered the cannabis beverage market with a vision of being the world's most innovative beverage company. In 2022, Boston Beer launched 'Teapot,' featuring cannabis-infused iced tea in...
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UBS Questions Boston Beer's Dogfish Head Purchase, Increasing Exposure To Difficult Craft Beer Category
Wednesday, May 22, 2019 - 11:31am | 442The craft beer market is getting crowded with new brews showing up and taking share away from established craft brewers. So, the recent decision by Boston Beer Company Inc (NYSE: SAM) to get even deeper into an increasingly competitive industry by buying another craft brewery is curious, says UBS...
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Analyst Says Dogfish Head 'Could Be Trophy Material' For Boston Beer
Friday, May 10, 2019 - 1:10pm | 332Boston Beer Company Inc (NYSE: SAM), the parent company of Sam Adams, reached an agreement to acquire Dogfish Head Brewery. This could prove to be "trophy material," according to Macquarie Research. The Analyst Macquarie analysts maintain a Neutral rating on Boston Beer with a price...
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Boston Beer: Does Stock Momentum Outweigh Expensive Valuation?
Wednesday, December 6, 2017 - 4:14pm | 455Boston Beer Company Inc (NYSE: SAM) shares have rallied strongly since late July, prompting an analyst to settle at a Neutral view on the stock, given his belief that revenue momentum neutralizes the stock's high valuation. The view comes close on heels of JPMorgan's downgrade...
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Boston Beer Bumped To Neutral As Risk-Reward Begins To Balance
Tuesday, September 26, 2017 - 1:40pm | 369Analysts at Credit Suisse turned more positive on Boston Beer Company Inc (NYSE: SAM), the beer maker behind the Sam Adams brand. The firm's Laurent Grandet upgrades Boston Beer's stock rating from Underperform to Neutral with a price target boosted from $140 to $150 despite ongoing weaknesses....
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Beer Pair Trade? Why Boston Beer Could Be Riskier Than Constellation Brands
Thursday, June 25, 2015 - 8:30am | 380A new report by Susquehanna analyst Pablo Zuanic focuses on two big-name alcoholic beverage stocks: Constellation Brands, Inc. (NYSE: STZ) and Boston Beer Co Inc (NYSE: SAM). Although Susquehanna currently has Neutral ratings on both stocks, the firm sees more downside risk to Boston Beer...
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Beer Distributors Were Just Surveyed, And It's Good News For Boston Beer Co
Friday, March 20, 2015 - 12:00pm | 303In a report published Friday, Jefferies analyst Kevin Grundy conducted a survey of U.S. beer distributors that supports a positive industry outlook. According to Grundy's survey, craft beer volume growth in the double-digit percentage points is expected in 2015 (19 percent in 2014), while...
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How These 5 Beer Companies Have Performed So Far This Year
Monday, August 18, 2014 - 4:23pm | 714According to a Gallup Poll released July 23, the American adult beverage of choice is beer. Of those Americans who consume alcohol, 41 percent prefer beer, 31 percent wine and 23 percent named liquor. As of 2013, there were about 2,822 breweries in the U.S, including 119 regional breweries,...
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5 Company Pranks On April Fools' Day
Wednesday, April 2, 2014 - 10:30am | 707April Fools' Day can be a great public relations opportunity for companies, but it can also turn into a strange marketing campaign that no one really understands involving
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Boston Beer Drops After Q4 Earnings Miss
Tuesday, February 25, 2014 - 5:52pm | 317The Boston Beer Company< (NYSE: SAM) is down than five percent in after hours trading after the company announced its fourth quarter results. Famous for producing the Sam Adams brand, The Boston Beer Company reported a Q4 EPS of $1.33 versus the Street estimate of $1.49. Despite this earnings...
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Boston Beer and Starbucks to Open Near 52-Week Highs
Wednesday, December 21, 2011 - 7:20am | 373The Dow and the S&P 500 closed up almost 3% yesterday, and beverage companies Boston Beer (NYSE: SAM) and Starbucks (NASDAQ: SBUX) reached new 52-week highs of $106.97 and $45.15 per share, respectively, in the trading session. Boston Beer has seen stronger growth than its larger rivals, and...
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Boston Beer and Domino's Pizza to Open Near 52-Week Highs
Monday, December 5, 2011 - 7:51am | 355Ending a strong week in the stock market, consumer goods makers Boston Beer (NYSE: SAM) and Domino's Pizza (NYSE: DPZ) reached new multiyear highs of $105.08 and $34.05 per share, respectively, in Friday's trading session. Boston Beer is heavily shorted by the bears despite the stock's surge from...
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Boston Beer Earnings Preview: Still Flat
Monday, October 31, 2011 - 6:59am | 625Boston Beer (NYSE: SAM) is scheduled to report its third-quarter 2011 results Tuesday, November 1, after the closing bell. The largest craft brewer in the U.S. has seen its market share increase even as overall beer consumption has fallen off. But earnings were disappointing in the past couple of...