The Boston Beer Company, Inc. SAMis soaring to new highs backed by its strategic initiatives, including cost-saving initiatives, long-term innovation and the revival of Samuel Adams and Angry Orchard brands. Further, the company’s positive earnings and sales surprise trend alongside improvement in shipments and depletions continue to impress.
Shares of Boston Beer touched a 52-week high of $260.30 on Jun 4, before closing a notch lower at $260.15. Year to date, this Zacks Rank #1 (Strong Buy) stock has gained 36.1% against the industry’s decline of 10.6%.