SAM

Boston Beer Inc

Consumer


Presented:08/07/2017
Price:$150.75
Cap:$1.86B
Current Price:$277.24
Cap:$3.25B

Presented

Date08/07/2017
Price$150.75
Market Cap$1.86B
Ent Value$1.56B
P/E Ratio21.44x
Book Value$35.06
Div Yield0%
Shares O/S12.34M
Ave Daily Vol171,159
Short Int27.09%

Current

Price$277.24
Market Cap$3.25B
Boston Beer Co., Inc. engages in the business of producing and selling alcoholic beverages. It produces malt beverages and hard cider products at company owned breweries and under contract arrangements at other brewery locations. The company operates through the following segments: Boston Beer Company and A&S Brewing Collaborative. The Boston Beer Company segment is comprised of the Samuel Adams, Twisted Tea and Angry Orchard brands. The A&S Brewing Collaborative operating segment includes Angel City Brewing Company and Concrete Beach Brewing Company. Boston Beer was founded by C. James Koch in 1984 and is headquartered in Boston, MA.

Publicly traded companies mentioned herein: Boston Beer Company Inc (SAM)

Highlights

The presenter is short shares of Boston Beer (SAM), seeing a poor industry outlook for both craft beer and cider, which account for the bulk of SAM’s portfolio. He believes SAM’s trajectory remains challenged despite reporting strong Q2 2017 earnings, attributing Q2 strength to some calendar shifts and fortuitous timing on sell-ins. He models next year’s earnings at 20% below Street estimates, and targets $115 on $5.25 - $5.30 earnings and a ~22x multiple.

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Idea Discussion

Commentor 1 - 2 weeks ago

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