Boston Beer gains after Jefferies turns bullish on the upside for the Twisted Tea business

seekingalpha05-14

The Boston Beer Company (NYSE:SAM) rallied in early trading on Tuesday after Jefferies upgraded the beer stock to a Buy rating after having it slotted at Hold. Analyst Kaumil Gajrawal said the boom-...

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Analyst Kaumil Gajrawal said the boom-...</p>\n\n<a href=\"https://seekingalpha.com/news/4105673-boston-beer-gains-after-jefferies-turns-bullish-on-the-upside-for-the-twisted-tea-business\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Boston Beer gains after Jefferies turns bullish on the upside for the Twisted Tea business</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBoston Beer gains after Jefferies turns bullish on the upside for the Twisted Tea business\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-14 18:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4105673-boston-beer-gains-after-jefferies-turns-bullish-on-the-upside-for-the-twisted-tea-business><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Boston Beer Company (NYSE:SAM) rallied in early trading on Tuesday after Jefferies upgraded the beer stock to a Buy rating after having it slotted at Hold. Analyst Kaumil Gajrawal said the boom-...</p>\n\n<a href=\"https://seekingalpha.com/news/4105673-boston-beer-gains-after-jefferies-turns-bullish-on-the-upside-for-the-twisted-tea-business\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4158","symbol_name":"啤酒酿造商","start_time":0,"source_url":"https://seekingalpha.com/news/4105673-boston-beer-gains-after-jefferies-turns-bullish-on-the-upside-for-the-twisted-tea-business","article_id":"2435591921","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1060456922/image_1060456922.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2435591921","pubTimestamp":1715684342,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The Boston Beer Company (NYSE:SAM) rallied in early trading on Tuesday after Jefferies upgraded the beer stock to a Buy rating after having it slotted at Hold. Analyst Kaumil Gajrawal said the boom-an","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4158":"啤酒酿造商","BK4585":"ETF&股票定投概念","SAM.AU":"SIV Asset Management","BK4588":"碎股","BK4532":"文艺复兴科技持仓","SAM":"波斯顿啤酒"},"translate_title":"Jefferies看好扭曲的茶叶业务后，波士顿啤酒上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SAM":1,"SAM.AU":1},"content_text":"The Boston Beer Company (NYSE:SAM) rallied in early trading on Tuesday after Jefferies upgraded the beer stock to a Buy rating after having it slotted at Hold. Analyst Kaumil Gajrawal said the boom-and-bust cycle for the Truly business has finally found its floor and the Twisted Tea business is a strong asset. \"The brand has quietly grown to >$1bn in tracked channels over the last 10 years, is now larger than Truly (41% of '23 volumes vs. 31% for Truly), and Hard Teas are gaining traction heading into peak summer months which includes shelf space gains. Competition has not taken a foothold and the brand should remain the category leader going forward. We expect double-digit growth to continue.\" Boston Beer (SAM) was noted to have other innovations like Hard Mountain Dew and spirit-based hard tea Sun Cruiser that are expected to help offset seltzer, beer, and cider declines. Gajrawal also sees margin upside for SAM and noted that the strong balance sheet offers investors a safety net. For Q1, Boston Beer (SAM) reported that depletions were flat from the prior year. Shipment volume for the quarter was approximately 1.6 million barrels, a 0.9% increase from the prior year, primarily due to growth in Twisted Tea offset by declines in Truly Hard Seltzer and the company’s other brands. Shares of Boston Beer rose 1.82% in premarket action to $289.00 vs. the 52-week range of $264.63 to $395.52.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2435591921"}