Is Boston Beer a Buy?
Boston Beer (NYSE: SAM) just crossed the $1,000 stock price threshold for the first time ever as the brewer and beverage maker has gone on a year-long tear.
Despite declining demand from on-premise sales as pandemic-induced capacity restrictions on bars and restaurants limit the channel's ability to meaningfully contribute to sales and profits, at-home consumption continues to explode.
With the stock nearly 300% higher than the low-point it hit in March -- and almost 200% above where it started 2020 -- let's see if investors should consider buying the owner of Samuel Adams beer, Truly hard seltzer, and Angry Orchard hard cider.
Source Fool.com
