Boston Beer Company (SAM) PT Raised to $1,300 at Evercore ISI
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Boston Beer Reports Fourth Quarter 2020 Results
February 17, 2021 4:15 PM ESTBOSTON, Feb. 17, 2021 /PRNewswire/ -- The Boston Beer Company, Inc. (NYSE: SAM) reported fourth quarter 2020 net revenue of $460.9 million, an increase of $159.6 million or 53.0% from the fourth quarter of 2019, mainly due to an increase in shipments of 54.0%.  Net income for the fourth quarter was $32.8 million, or $2.64 per diluted share, an increase of $19.1 million or $1.52 per diluted share, or 135.7%, from the fourth quarter of 2019. This increase was primarily due to increased net revenue, partially offset by lower gross margins and increases in operating expenses.
Earnings per diluted share for the 52-week period ended December 26,... More
