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Fly News Breaks for February 21, 2019
SAM
Feb 21, 2019 | 08:55 EDT
BMO Capital analyst Amit Sharma raised his price target on Boston Beer to $275 after its Q4 earnings beat driven by lower than expected tax rates and higher than expected gross margins. The analyst notes that the continued strong trends for the company's Truly and Twisted Tea brands make its "8%-13% shipment/depletion growth outlook appear more realistic". Sharma also keeps his Market Perform rating on Boston Beer because of the "sustained elevated third-party manufacturing and increased spending" that make large margin expansion unlikely.
News For SAM From the Last 2 Days
SAM
Apr 25, 2024 | 16:36 EDT
Sees depletions and shipments percentage change down low single digit to up low single digit. Sees price increases 1%-2%. Sees capital spending $90M-$110M.
