SAM - Boston Beer attracts interest ahead of key earnings report

The buzz is still strong on Boston Beer ([[SAM]] -0.8%) with hard seltzer sales growth still easily outpacing other alcohol categories. Goldman Sachs has a Buy rating on SAM and price target of $1,375, despite the lofty valuation on a historical comparison. The SAM earnings report is expected to give shareholders an idea if the company expects any post-pandemic letdown in hard seltzer sales."The key debate remains—how fast will the category grow in 2021—with bulls (such as us) believing that it will almost double, while bears believe it will be lucky if the category grows by 50%,” notes analyst Bonnie Herzog.Ahead of SAM's earnings report next month, Barron's is out with a recommendation to aggressive investors to buy calls. "With the stock around $1,061, a bullish investor could buy the June $1,100 call option and sell the June $1,300 call for about $50. The call spread—that is, buying a call

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Boston Beer attracts interest ahead of key earnings report