Professional
Added to YB: 2024-05-23
Pitch date: 2024-05-22
SAM [bullish]
The Boston Beer Company, Inc.
-23.96%
current return
Author Info
No bio for this author
Company Info
The Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States. Its flagship beer is Samuel Adams Boston Lager.
Market Cap
$2.6B
Pitch Price
$267.00
Price Target
350.00 (+72%)
Dividend
N/A
EV/EBITDA
9.65
P/E
47.10
EV/Sales
1.23
Sector
Beverages
Category
growth
The Boston Beer Company, Inc.: Volume and Margin Trends Encouraging but Hard Seltzer Remains a Drag
SAM: Sales +4% on vol & pricing; EPS $1.04 vs -$0.73. Maintaining FY24 1% sales growth, $9.87 EPS est. Twisted Tea +double-digit, new products gaining traction. Truly vol to -20%. Op margin +700 bps to 3.6% on mix & efficiency. $350 FVE on 5% 10yr sales CAGR, 12% avg op margin. Narrow moat on brands. Risks: hard seltzer slowdown, competition.
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