Boston Beer (SAM) Gets a Hold from Citi
Citi analyst Filippo Falorni maintained a Hold rating on Boston Beer today and set a price target of $270.00.
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Falorni covers the Consumer Defensive sector, focusing on stocks such as The Estée Lauder Companies, Boston Beer, and Clorox. According to TipRanks, Falorni has an average return of -1.0% and a 52.35% success rate on recommended stocks.
Currently, the analyst consensus on Boston Beer is a Hold with an average price target of $242.90.
Based on Boston Beer’s latest earnings release for the quarter ending December 27, the company reported a quarterly revenue of $507.94 million and a GAAP net loss of $22.53 million. In comparison, last year the company earned a revenue of $402.3 million and had a GAAP net loss of $38.76 million
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