Boston Beer posts
FeedPosted Nov 15th 2010 3:30PM by Steven Halpern (RSS feed)
"Boston Beer (
SAM) recently broke out from a six-month flat base; the move carried the stock to a new all-time high," says breakout specialist
Leo Fasciocco.
The editor of
Ticker Tape Digest explains, "SAM produces malt beverages and hard cider products at its breweries and under contract arrangements at other brewery locations.
"Technically, it is one of the strongest stocks in the market having climbed from 20 two years ago to 81 -- a fourfold move.
Continue reading Boston Beer (SAM): Brewery Breakout
Posted Jun 15th 2010 12:00PM by Jeff Reeves (RSS feed)
Filed under: Anheuser-Busch InBev (BUD), Stocks to Buy, Molson Coors Brewing Co. (TAP)
In the business world, there's rarely a thing as growing too big. But unfortunately for Sam Adams brewer Boston Beer (SAM), the price of success could be higher costs and the loss of its label as an "artisan" craft beer.
That's not to say a cold bottle of Sam Adams Summer Ale will taste any different to consumers. But according to the Brewers Association, "artisan" brewers include small outfits that put out less than two million barrels of suds a year. That means the brewer that almost single-handedly sparked interest in smaller batch brews with more flavor could be pushed into the same category as the big beer vendors like Anheuser Buch Inbev (BUD) and Molson Coors (TAP).
Continue reading Sam Adams May Lose 'Artisan Beer' Label
Posted Apr 20th 2010 12:30PM by Mark Fightmaster (RSS feed)
Filed under: Entrepreneurs
In a very interesting interview from The Wall Street Journal with Jim Koch, chairman of Boston Beer (SAM), the entrepreneur was asked about the future of craft breweries.
For those who are not familiar with the story of Jim Koch, he was a consultant in Boston who decided to brew a new beer and sold it to Boston bars. The little brewer that could proved that there was a niche for a smaller beer, and Boston Beer is now a publicly traded company. In fact, as the article points out, Mr. Koch "has helped foster a revolution in small-batch American brewing."
Continue reading Boston Beer: The Little Brewery That Could
Posted Nov 7th 2009 9:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Cisco Systems (CSCO), Starbucks (SBUX), Ford Motor (F), Toyota Motor Corp. (TM), MasterCard Inc'A' (MA), Activision Inc (ATVI), Polo Ralph Lauren'A' (RL)
Continue reading Earnings highlights: Cisco, Ford, Humana, MasterCard, Starbucks, Toyota ...
Posted Nov 6th 2009 12:20PM by Elizabeth Harrow (RSS feed)
Filed under: Earnings Reports, Forecasts, Technical Analysis
Shares of The Boston Beer Company (NYSE: SAM) surged to a new 52-week high Friday morning, after the brewmaster reported a third-quarter profit of $10.4 million, or 72 cents per share, on revenue of $108.7 million. The company swung to a loss of 2 cents per share in the third quarter of 2008, but attributed its turnaround to strong shipments and decreased advertising expenses.
The results were better than analysts expected, with consensus estimates calling for Boston Beer to bank a profit of 39 cents per share on $107.5 million. Looking forward, Boston Beer now expects full-year earnings of $1.75 per share to $2.05 per share, a marked increased from its prior forecast for a 2009 profit of $1.40 per share to $1.70 per share.
Continue reading Boston Beer blows away 3Q expectations, hikes 2009 forecast
Posted Mar 15th 2008 11:40AM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Google (GOOG), Wal-Mart (WMT), Caterpillar (CAT), Target Corp. (TGT), Kroger Co (KR), NIKE, Inc'B' (NKE), Blackstone Group L.P (BX)
Here are a few highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Blackstone, Caterpillar, Kroger, WellPoint, Boston Beer, and others
Posted Mar 11th 2008 6:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports
The most recent quarter was good for Boston Beer Co. Inc. (NYSE: SAM), which reported that its fourth-quarter profit more than doubled, and not too bad for Take-Two Interactive Software Inc. (NASDAQ: TTWO), which posted a narrower-than-expected loss for the first quarter.
For the quarter that ended December 29, Boston Beer's net income jumped to $6.8 million, or 46 cents per share, from $2.5 million, or 17 cents per share, in the prior year quarter. Revenue rose 26% to $92.2 million from the same period of 2006. Analysts polled by Thomson Financial had expected earnings of 35 cents per share on revenue of $88.9 million.
The company credited its performance to drinkers trading up to craft beers, as well as increasing retailer and wholesale support for the craft category and for Samuel Adams. The company noted that its Twisted Tea brand also performed well in the quarter.
For the full year, profit grew 24% from a year ago, to $22.5 million, or $1.53 per share, while revenue grew 20% to $341.6 million.
Boston Beer shares rose $2.02, or 6%, to close at $35.81, and continued to rise in after-hours trading.
Continue reading Boston Beer profit more than doubles; Take-Two posts narrower-than-estimated loss
Posted Feb 7th 2008 10:18AM by Laurie Pasternack (RSS feed)
Filed under: Analyst Initiations
MOST NOTEWORTHY: GSI Technology, Array Biopharma and Continental Resources were today's noteworthy initiations:
- Merriman believes GSI Technology Inc (NASDAQ: GSIT) is positioned to benefit as growing bandwidth demand and increasingly complex protocols drive the need for faster and higher density memory in networking equipment. The firm started shares with a Buy rating.
- Array Biopharma Inc (NASDAQ: ARRY) was assumed with an Outperform rating at William Blair. The firm thinks the company's pipeline contains significant value, which will be catalyzed over the next 12-18 months by continued clinical progress and potential partnerships.
- Continental Resources Inc (NYSE: CLR) was initiated with a Buy rating and $30 target at Jefferies, and points to the company's double-digit growth and strong reserve growth potential.
OTHER INITIATIONS:
Posted Nov 4th 2007 3:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Burger King Hldgs (BKC)
With earnings report rolling out one after another, there's hardly time to pause to enjoy a burger and a beer. Among companies reporting next week are Burger King Holdings Inc. (NYSE: BKC) and Molson Coors Brewing Co. (NYSE: TAP), and here are a quickie earnings previews for them.
Burger King has beat Wall Street earnings estimates for the past four quarters. When it reported fourth quarter 2007 results back in August, earnings were 29 cents per share, beating Wall Street estimates by two cents, and 11cents more than in the same period of the previous year. For the full year, earnings were $1.11 per share, again beating expectations by a pair of pennies. For the current quarter, analysts surveyed by Thomson Financial are expecting 33 cents per share.
The most recent analysts' consensus recommendation is to buy BKC, and has been for the past year. The share price has been climbing since the slump after excitement of the IPO wore off, and it reached a 52-week high of $27.73 at the close on Friday.
For news about Burger King and its rivals that could influence Burger King's results, check out BloggingStocks' Burger King coverage.
Continue reading Earnings previews: Burger King (BKC) and Molson Coors (TAP)
Posted Aug 7th 2007 6:03PM by Kevin Kelly (RSS feed)
Filed under: Earnings Reports, Anheuser-Busch InBev (BUD)
Boston Beer (NYSE:
SAM) reported earnings after the bell today. While it seems like the stock should be lower because the company missed EPS estimates (
reported 46 cents per share vs. 58 cents per share consensus), there's much more to the story than first meets the eye.
First of all, Boston Beer didn't really miss EPS estimates if you exclude capitalized brewery costs related to the Massachusetts brewery project, which essentially serves as a write-off and thus is considered a one-time charge. These costs amounted to 14 cents per share and, when backed out, the
EPS figure rises to 60 cents per share -- 2 cents better than consensus.
More importantly for Wall Street, the company
raised its full year guidance to $1.42-$1.70 per share -- around the consensus estimate of $1.61 per share and above prior guidance which peaked at $1.55 per share. On all of this news, the stock is up around 2% so far in after-hours trading.
This is a very interesting company. Its primary brands Twisted Tea and Samuel Adams are becoming increasingly popular among consumers who are willing to pay up for quality beer. But at more than $45 per share, with earnings power of roughly $1.60 per share this year, I think the multiple is too high. I'd much rather pay $50 per share for
Anheuser Busch (NYSE:
BUD), a company that has earnings power of more than $2.80 per share for this year, in my opinion. Even if the growth rate is significantly slower, I believe the spread between the multiples will likely collapse -- either Anheuser Busch is drastically undervalued, Boston Beer is significantly overvalued, or a little bit of both.
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