Boston Beer (SAM) "Begs An Examination," Due To Poor Beer Market, Says Jim Cramer

We recently published 10 Latest Stocks Jim Cramer Talked About. The Boston Beer Company, Inc. (NYSE:SAM) is one of the stocks Jim Cramer recently discussed.

At the start of the year, Cramer regularly discussed the beer market as he commented that beer was losing favor with younger people. As a result, he was surprised by The Boston Beer Company, Inc. (NYSE:SAM)’s latest earnings report. The firm reported its third quarter earnings report last week which saw it post $4.25 in adjusted earnings per share to beat analyst estimates of $3.33. The Boston Beer Company, Inc. (NYSE:SAM) also raised its midpoint full-year earnings per share guidance to $8.80 from an earlier $8.13. Cramer felt that there was a need to look deeper into the firm’s financials due to weakness in the beer market:

“Beer’s so weak I don’t know how they did it. Because Molson was just terrible, Constellation, awful. The only drink that is actually growing right now are agave spirits, those are good. This was quite an outlier. I don’t know how they did this. It begs more examination because beer’s doing terribly in this country.

“It was very good. I know it was very good. I mean this has been an outlier. They’ve been bad for a long time and I think I have to open the books again on this one. Because, wow, if you’re a beer company, whoa, it’s bad.”

While we acknowledge the potential of SAM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.