• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • About Craft Brewing Business

Craft Brewing Business

Professional Insight, Unfiltered

  • News
  • Business & Marketing
  • Ingredients & Supplies
  • Packaging & Distribution
  • Equipment
  • Webinars & White Papers
  • COVID-19

Boston Beer stock jumps, thanks to Angry Orchard grabbing 40 percent of the cider segment

June 13, 2013Keith Gribbins

Sam Adams in cansBoston Beers stock was hopping Wednesday, after a Goldman Sachs analyst boosted the brewer’s rating and price target, thanks in part to the success of its Angry Orchard cider. Goldman’s Judy Hong lifted Boston Beer Co. to “Neutral” from “Sell” and increased its price target to $162 from $141. … Hong said in a client note that she underestimated how successful Angry Orchard cider would be for Boston Beer. In its first year, Angry Orchard has grabbed a more than 40 percent share of the cider segment. Hong predicts it will comprise 20 percent of Boston Beer’s volume by 2015’s end.

Via AP and Bloomberg Businessweek News.

Sam Adams Logo
Boston Beer misses Q4 revenue estimate (still kills it, really)
No and low alcohol beer grew 30+ percent last year, now enjoy some big haps in the NA beer sector
Photos of Sam Adams beautiful new taproom, brewhouse and rooftop patio in Boston’s Faneuil Hall
Boston Beer releases a reformulated Samuel Adams Summer Ale this season

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

Primary Sidebar

Latest News

  • New Realm Brewing to open a distillery in Savannah this spring
  • Gilman Brewing Opens Third Bay Area Taproom + Expansions in West Berkeley and Daly City for better pandemic protocols
  • The beer flow: tallboys are trending, top IPA SKUs and on-premise taps continue to pour more
  • Team Left Hand hits $5 million milestone in MS fundraising effort

Sign up for our newsletter

unsubscribe from list

Most Popular Today

Recent Features

  • beer flow pour glass multiple pictures data-001The beer flow: tallboys are trending, top IPA SKUs and on-premise taps continue to pour more
    March 3, 2021
  • Innokeg CombiKegKHS keg fillers updated to be more sustainable, efficient
    March 3, 2021
  • Summit IPA variety packIPA sales growth continues thanks to subcategories, according to 2021 IPA Forecast
    March 2, 2021
  • Free samples! These frozen whole cone hops from Michigan’s Blue Lake Hops are perfect for year-round harvest hop brews
    March 1, 2021
  • Whoa, Boulder Beer’s rebrand is badass (enjoy this photo post)
    March 1, 2021
  • libdib online beer distributorWhy (and how) Cabarrus Brewing will stick with online sales post-lockdown
    February 25, 2021

Footer

  • Email Newsletter Sign Up
  • About Craft Brewing Business
  • Contact Us
  • Advertise on Craft Brewing Business
  • Media Kit Download
  • Privacy and Terms

© 2021 · CBB Media LLC

Continue ...

sponsored by