However, continued competitive headwinds resulted in the third guide-down on shipments and depletions this year (+3-6%) and resulted in the first negative revision to EPS, to $7.00-$7.40 (from $7.10-$7.50).
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Now the company Insiders own 31.9% of Boston Beer Company, Inc.
Brokerage firm CLSA Downgrades its rating on Boston Beer Co(NYSE:SAM). The rating is an average of the various different ratings given by analysts and brokers to Boston Beer Company, and then averaged into one rating by a team of analysts at Zacks in Chicago, Illinois.
Sure enough, ad, promo, and selling expenses in Q3 climbed 20% year over year to $78.2 million, easily outpacing the line item’s 9% growth year to date. The 50-Day Moving Average price is $226.95 and the 200 Day Moving Average price is recorded at $237.39. The higher estimate for the short term price target is at $300 while the lower estimate is at $261. (The) (NYSE:SAM) witnessed a decline in the market cap on Tuesday as its shares dropped 2.95% or 7.54 points.
The company has a one year high of $325 and a one year low of $195.04. With the volume soaring to 94,680 shares, the last trade was called at $248.28. Analysts, on average, were modeling 2015 earnings near the high end of the new range at $7.36 per share.
$ 1.83 earnings per share (EPS) for NYSE:SAM. Actual earnings share as last reported was 1.83.
Analysts surveyed by Thomson Reuters had projected profit of $2.69 a share on $288 million in revenue.
And Boston Beer has no intention of letting those investments lapse as it grows its still-tiny slice of the overall beer market.
With its flagship Samuel Adams franchise struggling, Boston Beer Company again reduced its full-year depletions projection yesterday, when it released its third-quarter results. It also sells malt beverages under the Twisted Tea brand and hard ciders under the Angry Orchard brand.
Founded in 1984 by Mr. Koch, the Boston company revolutionized the beer industry in the US with a “craft” beer from Mr. Koch’s family recipe book.
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What is new, however, are the cautious words surrounding the typically strong cider category, which notably includes Boston Beer’s Angry Orchard brand and has effectively offset softness in other segments in each of its past two quarters.
