Boston Beer (SAM) Stock Shows Volatility Amidst Industry Decline

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Oct 30, 2024

Boston Beer (SAM, Financial) recently experienced a 0.44% uptick in its stock price, reaching $300.08 per share with a trading volume of 30,236 shares and a turnover rate of 0.26%. The stock's amplitude was recorded at 0.90% during this period.

The company's latest financial report shows an operating revenue of $605 million and a net profit of $33.51 million, translating to earnings per share (EPS) of $2.87. The gross profit stood at $280 million with a price-to-earnings (P/E) ratio of 44.04.

Among the 15 rating agencies covering Boston Beer, 13% recommend buying the stock, 67% suggest holding, and 20% advise selling.

In the broader alcoholic beverage industry, Boston Beer and its peers like Constellation Brands-A and Molson Coors Beverage have shown significant activity with turnover rates of 0.27%, 0.26%, and 0.19%, respectively. Related stocks with notable amplitude include Chile's CCU, Ambev SA, and Molson Coors, recording amplitude figures of 2.07%, 1.75%, and 1.46%, respectively.

Boston Beer is a leader in the U.S. high-end malt beverage market, dominating segments such as craft beer, flavored malt beverages, cider, and hard seltzer. The company relies on a hybrid production model, using both internal capabilities and third-party brewing contracts. With over 95% of its sales within the U.S., the company employs 500 sales representatives to market its brands, which include Samuel Adams, Angry Orchard, Twisted Tea, and Truly.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.