SAM - Boston Beer gains after favorable mention in Barron's

2023-06-26 06:46:01 ET

Boston Beer ( NYSE: SAM ) stock was singled out this week by Barron's as a strong bet on the growth of the beyond beer category of alcoholic beverages, which includes hard seltzers, canned cocktails, hard cider, and flavored malt beverages.

While the Truly business has fallen off dramatically, upside is seen for the Twisted Tea brand, which is noted to exemplify the company's culture of innovation and taking the long view.

As for financials, Boston Beer ( SAM ) is forecast to grow EPS by 35% this year to $7.32 despite a drop in revenue. By 2026, analysts see Boston Beer ( SAM ) generating EPS of $15.11 per share. Boston Beer ( SAM ) is also noted to offer underappreciated defensive potential since it is an attractive acquisition target for the industry heavyweights and has a solid cash position.

Shares of Boston Beer ( SAM ) rose 1.10% in premarket action and are down 5.10% on a year-to-date basis.

More on Boston Beer:

• Boston Beer: Latest Results Leave A Bitter Taste
• Growth metrics on Boston Beer
• Recent options trading on Boston Beer
• Seeking Alpha's Quant Rating for Boston Beer

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