Boston Beer Co.(SAM)- NYSE
  • Wed, Sep. 21, 8:45 AM
    • William Blair initiates coverage on Boston Beer (NYSE:SAM) with an Outperform rating. The investment firm thinks the brewer's presence in the craft beer segment makes it an intriguing investment.
    • It's a different story over at Cowen and Company where the beer stock was moved down to Underperform from Market Perform after its protracted slump. Shares of Boston Beer are down 24% YTD.
    • SA contributor Quinn Foley warned in his Boston Beer breakdown earlier this week that the company could face pricing pressure in the U.S. due to new competition and a rocky economy.
    | Wed, Sep. 21, 8:45 AM | 2 Comments
  • Fri, Sep. 16, 10:21 AM
    • Credit Suisse names its favorite stocks in the beverage sector and cautions on others with a wave of initiations.
    • The investment firm starts off coverage on Monster Beverage (MNST -0.4%), Dr. Pepper Snapple (DPS), and PepsiCo (PEP -0.4%) with Outperform ratings.
    • Neutral ratings filter down on Coca-Cola (KO -0.6%) and Constellation Brands (STZ -1.4%).
    • CS hangs an Underperform rating on Boston Beer (SAM -1.2%).
    • Forward PE ratios on the group: Monster 30.8, Dr. Pepper 20.6, PepsiCo 20.5, Coca-Cola 21.1, Constellations Brands 23.4, Boston Beer 23.2.
    | Fri, Sep. 16, 10:21 AM | 3 Comments
  • Tue, Sep. 13, 12:00 PM
    | Tue, Sep. 13, 12:00 PM | 1 Comment
  • Sat, Aug. 6, 11:06 AM
    • The heavy investment by the automobile industry on self-driving technology could end up benefiting restaurants and beer companies, according to some conjecture from Morgan Stanley.
    • The math from MS works out like this: You take the 39% of the 2.1B global drinking population that drives and factor in that their average intake of alcohol would increase from 1.5 drinks to 2.5 drinks per week with a self-driving car to haul them home. Assign a value per drink of $2.32 and you have an incremental annual benefit of $98B for the restaurant and alcohol industry.
    • There's conflicting data on the impact of Uber (Private:UBER) and Lyft (Private:LYFT) on alcohol consumption, so the Morgan Stanley theory has a ways before playing out. Still, Morgan's Adam Jonas is convinced the automobile industry is heading toward a future of fully autonomous transport in which the driving experience is nostalgic. The buying habits of younger millennials support the thesis to a degree.
    • During the Tesla Motors (NASDAQ:TSLA) earnings call earlier this week, Elon Musk predicted global demand for self-driving cars would reach 2.5B. Execs with General Motors (NYSE:GM), BMW (OTCPK:BMWYY), and Toyota (NYSE:TM) also talked autonomous models in their CCs.
    • If Jonas and Musk are anywhere close to correct, the list of companies that could benefit from the autonomous push includes Buffalo Wild Wings (NASDAQ:BWLD), Dine Equity (NYSE:DIN), Anheuser-Busch InBev (NYSE:BUD), Molson Coors (NYSE:TAP), Boston Beer (NYSE:SAM), Brinker International (NYSE:EAT), Bloomin' Brands (NASDAQ:BLMN), Ignite Restaurant Group (NASDAQ:IRG), Kona Grille (NASDAQ:KONA), Diageo (NYSE:DEO), Constellations Brands (NYSE:STZ), and Craft Brew Alliance (NASDAQ:BREW).
    • Related ETF: BITE.
    | Sat, Aug. 6, 11:06 AM | 108 Comments
  • Mon, Jul. 25, 12:00 PM
    | Mon, Jul. 25, 12:00 PM
  • Fri, Jul. 22, 12:40 PM
    | Fri, Jul. 22, 12:40 PM | 2 Comments
  • Fri, Jul. 22, 12:00 PM
    | Fri, Jul. 22, 12:00 PM
  • Fri, Jul. 22, 11:43 AM
    • Boston Beer (NYSE:SAM) races 17% higher after topping expectations for Q2. Revenue growth and operating margin both came in ahead of estimates.
    • The mid-point of Boston Beer's full-year EPS guidance ($6.40-$7.00) is right at the consensus mark of $6.70. Susquehanna analyst Pablo Zuanic is below the street average with a full-year EPS forecast of $6.32.
    • From the Susquehanna note: "The wide implied guidance gap for 2H raises more questions than answers (as in the low end it implies worsening sales trends despite easier comps). On the other hand, management sounded more constructive about long-term cider category trends (it plans more support), and more in general noted markedly improved summer depletion trends (although it cautioned it was too early to call a turnaround)."
    • Shares of SAM are over $190 for the first time since March. The 52-week high of $260.51 is still a long ways off.
    • Previously: Boston Beer beats by $0.12, beats on revenue (July 21)
    • Previously: Boston Beer higher after topping estimates (July 21)
    | Fri, Jul. 22, 11:43 AM | 6 Comments
  • Thu, Jul. 21, 4:43 PM
    • Boston Beer (NYSE:SAM) reports lower revenue for Q2 as higher prices couldn't offset a drop in volume.
    • Shipment volume fell 4% Y/Y to 1.1M barrels.
    • Depletions were down 5% during the period.
    • Advertising, sales, and promotions expenses decreased 11% Y/Y.
    • The company's gross margin rate fell 220 bps to 51.8% with higher brewery processing costs a factor.
    • Previously: Boston Beer beats by $0.12, beats on revenue (July 21)
    • SAM +3.19% AH to $170.00 after limping along most of the week.
    | Thu, Jul. 21, 4:43 PM | 1 Comment
  • Thu, Jul. 21, 4:19 PM
    • Boston Beer (NYSE:SAM): Q2 EPS of $2.06 beats by $0.12.
    • Revenue of $244.8M (-8.9% Y/Y) beats by $5.93M.
    • Press Release
    | Thu, Jul. 21, 4:19 PM | 7 Comments
  • Wed, Jul. 20, 5:35 PM
    | Wed, Jul. 20, 5:35 PM | 13 Comments
  • Tue, Jul. 12, 3:42 PM
    • The Beer Institute announced a new initiative in which participating members of the trade group will disclose the amount of calories, carbohydrates, fat, and protein in beer products. The sellers involved represent around 81% of all beer sales.
    • Brewers are expected to update their labels by the end of 2020.
    • Beer stocks: BUD, OTCPK:SBMRY, TAP, OTCQX:HEINY, SAM, BREW, STZ, PINT.
    | Tue, Jul. 12, 3:42 PM | 8 Comments
  • Fri, Jun. 24, 4:25 PM
    • Boston Beer (NYSE:SAM) has hired Jonathan Potter as its chief marketing officer, to begin in August.
    • Potter's spent most of a near 30-year career in the alcoholic beverage industry. He's currently managing director of Chandon at Moet Hennessy USA, and previously served in various positions in 13 years at Diageo.
    • At Boston Beer, he'll be responsible for planning, development and execution of its brand development, marketing and advertising initiatives.
    • After hours: SAM +0.6%.
    | Fri, Jun. 24, 4:25 PM
  • Fri, Jun. 17, 3:07 PM
    • Susquehanna issued a detailed report on IRI scanner data trends in the food and beverage industry.
    • The investment firm noted that soda drink volume fell 2.8% Y/Y for the 12-week period ending on June 5. PepsiCo (NYSE:PEP) volume was down 5%, compared to 1.3% decline for Coca-Cola KO and 1.9% fall-off for Dr. Pepper Snapple (NYSE:DPS).
    • K-cup revenue was up 8% for the 12 weeks as J.M. Smucker (NYSE:SJM). Starbucks (NASDAQ:SBUX), and Dunkin' Brands (NASDAQ:DNKN) all showed strong volume amid ongoing pricing pressure. K-cup sales decelerated for Kraft Heinz (NASDAQ:KHC) and could turn negative if pricing pressure sustains.
    • In the yogurt category, scanner data over four weeks confirmed that General Mills (NYSE:GIS) is losing market share to Chobani and Danone (OTCQX:DANOY). Susquehanna tips that Chobani may be prepping for a sale.
    • General Mills beat out Kellogg (NYSE:K) in the cereal category as its 12-week sales growth of +2.3% easily topped Kellogg's 2.2% decline.
    • Pricing with beer is helping to make up for continued volume pressure. Across the sector, pricing was recorded as 2.5% higher for the 12 weeks of data.
    • Beer volume: Anheuser-Busch InBev (NYSE:BUD) -1.8%, MillerCoors (OTCPK:SBMRY, TAP) -2.7%, Boston Beer (NYSE:SAM) -2.1%.
    • Susquehann'a Pablo Zuniac put together the deep dive into the scanned data.
    • Within the F&B sector, he has BUD, THS, WWAV, TAP, and KHC rated at Positive.
    | Fri, Jun. 17, 3:07 PM | 10 Comments
  • Thu, Jun. 16, 11:50 AM
    • The latest report from the USDA indicates that farmers in the U.S. expect to harvest 51,115 acres of hops this year, up 17% from last year's production.
    • An abundance of hops is beneficial to price-sensitive smaller craft brewers, particularly those heavy with IPA beers. Larger beer companies can also benefit with future contract pricing if the hop supply stays stable.
    • Beer sales rose 0.2% in the U.S. last year, led into positive territory by a 13% gain in craft beer sales.
    • Full USDA report
    • Beer stocks: BUD, OTCPK:SBMRY, TAP, OTCQX:HEINY, SAM, BREW, STZ, PINT.
    | Thu, Jun. 16, 11:50 AM
  • Mon, Jun. 6, 5:09 AM
    • Global alcohol makers are bracing for a potentially precedent-setting court decision in Scotland over whether the country will become the first to implement a floor on alcohol prices - a move the industry feels could unleash an international wave of regulation.
    • After years of the case bouncing around the legal system, the Court of Session will hold a hearing on minimum unit pricing tomorrow and is expected to make a decision by August.
    • Related tickers: BUD, DEO, ABEV, SAM, BORN, CCU, STZ, TAP, VCO, BF.A, BF.B
    | Mon, Jun. 6, 5:09 AM | 9 Comments