Boston Beer's Strategic Moves With Hard Mtn Dew And Twisted Tea Position It For 2025 Gains, Analysts Say
Boston Beer(SAM) Benzinga·2024-10-26 02:32
Boston Beer Company, Inc. SAM reported third-quarter results, with net revenue increasing 0.6% to $605.5 million and a gross margin of 46.3%, rising 60 basis points year over year.Piper Sandler analyst Michael S. Lavery increased the price forecast to $330 from $325, with an Overweight rating.The analyst sees potential growth from the national rollout of Hard Mtn Dew within its own distribution network, primarily in 2025.While transition disruptions have been more significant than expected, Hard Mtn Dew sal ...