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Jefferies Distributor Survey: Boston Beer a ‘Buy’ on Twisted Tea Dominance, Truly ‘Stabilization’

Jefferies Distributor Survey: Boston Beer a ‘Buy’ on Twisted Tea Dominance, Truly ‘Stabilization’

Boston Beer Company emerged with a “buy” rating following the results of financial services firm Jefferies’ 11th bi-annual beer distributor survey. Jefferies equity analyst Kaumil Gajrawala cited Twisted Tea’s dominance of the flavored malt beverage (FMB) segment, and the “stabilization” of Truly Hard Seltzer trends leading to less volatility, among the reasons for the improved rating.

Boston Beer Depletions -6%, Shipments -6% in 2023

Boston Beer Depletions -6%, Shipments -6% in 2023

Boston Beer Company’s shipments and depletions declined -6.2% and -6%, respectively, in 2023, the company reported today in its full-year and fourth-quarter earnings report.