Big Board Toolbox

[zvester]

S&P on Sam: S&P REITERATES HOLD OPINION ON SHARES OF BOSTON BEER COMPANY

SAM; $35.81

Excluding one-time items, we calculate fourth-quarter operating EPS of 51 cents, vs. 17 cents one year earlier, which easily beat our 31 cents estimate on strong sales growth, less gross margin pressure than our view and tight expense control. Depletions were impressive, up 19%, and strength was broad-based, with even laggard Twisted Tea brand up by double digits. Net revenue per barrel rose 5.2%. We expect volumes to remain strong but are wary of increased raw materials and incremental brewery start-up costs in 2008. We are raising our 2008 EPS estimate by 8 cents to $1.84 and target price by $2 to $44. /E. Kwon, CFA
P.S. This stock already exceed their target(it's 45.10)! Overly enthusiastic beer lovers response