Deutsche Bank Securities Reiterates its HOLD rating on Boston Beer

October 29 00:00 2011

NEW YORK, October 29 ( – Analysts at Deutsche Bank Securities have reiterated their HOLD rating on the shares Boston Beer Company (NYSE: SAM).

In a research note published on October 27, analysts at Deutsche Bank Securities mentions that the company is expected to post $1.18 of EPS for Q3, with a 6% volume growth. Boston Beer’s growth was not affected by consumer weakness, having top-line continue to be the key driver, the analysts say. The analysts believe that the company has strong long-term earning power as it has been through with the worst guidance cuts. The company’s stock, however, has limited upside due to the short term cost pressure and growth expectations, the analysts add.