Roth Capital lowered the firm’s price target on Boston Beer (SAM) to $315 from $326 and keeps a Buy rating on the shares. The firm notes it was unfazed by the company’s Q1 miss as it has gained spring shelf space, and within the portfolio, Twisted Tea has gained share, the analyst tells investors in a research note. Q1 was already an acceleration in Q4 in terms of depletions, even before entering more meaningful contribution from Sun Cruiser, Roth added.
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