Is Boston Beer About to Be Acquired?
When Boston Beer Company (NYSE: SAM) announced better-than-expected second-quarter results in late July, shares surged as much as 22% the following day -- and with good reason. Boston Beer's performance was punctuated by significantly improved trends for depletions, a key industry metric for how fast its products travel from warehouses to consumer outlets, despite steep competition at retail and a general softening of its core craft beer and cider markets. Looking forward, Boston Beer management is not only working to reduce costs and increase operating efficiency but also striving to return its flagship Samuel Adams and Angry Orchard brands to sustained growth.
But if a recent analyst report is correct, America's largest publicly traded craft brewer may be swallowed up before that happens. More specifically, Boston Beer shares climbed another 5% on Tuesday after Credit Suisse analyst Laurent Grandet suggested the company could be an enticing acquisition target.
Image source: Getty Images.
Source: Fool.com
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