Boston Beer Rated Weak Buy as Valuation Resets, Unveils Groovy Variety Pack
Boston Beer is rated a weak BUY after its valuation reset post-hard seltzer boom, trading at peer-comparable EV/EBIT multiples and supported by industry-leading asset turnover. The company also launched a Groovy Variety Pack with four ales and rolled out Blueberry Citrus Vodka Lemon Drop cocktails in 4-pack cans.
1. Weak BUY Rating Post-Hard Seltzer Boom
Boston Beer’s valuation reset follows a steep share decline from the $1,300s to the low $200s, prompting analysts to assign a weak BUY as it now trades at an EV/EBIT multiple aligned with peer averages. The company’s industry-leading asset turnover rate helps offset margin pressures stemming from its smaller scale.
2. Spring and Summer Seasonal Launches
Dogfish Head’s new Groovy Variety Pack ships in a 12-pack of 12oz cans featuring Festina Pêche, 30 Minute Light IPA, Grateful Dead Juicy Pale Ale and the debut Grateful Dead Citrus Daydream Lager. Ready-to-drink cocktail offerings expanded with Blueberry Citrus Vodka Lemon Drop in 4-pack 12oz cans nationwide ahead of spring and summer.