If You Invested $1,000 In Boston Beer Stock When Truly Hard Seltzer Launched, Here's How Much You Would Have Now
Well known for its flagship Samuel Adams beer brand, Boston Beer Company Inc. SAM owns a portfolio of brands that includes Twisted Tea and Truly Hard Seltzer.
Here's a look at how the company's stock has performed since launching Truly, one of the world's best hard seltzer brands.
What happened: The hard seltzer water market has been one of the fastest growing alcohol categories and further growth is expected.< /p>
A new report from Acumen Research and Consulting has listed the global seltzer water market at $8.6 billion in 2021 and said it could reach $41.7 billion by 2030.
The projected compound annual growth of 19.7% from 2022 to 2030 is one of the reasons why beverage companies such as Coca-Cola Co KO and PepsiCo, Inc. PEP launch into the hard seltzer category.
Coca-Cola has partnered with Molson Coors Beverage TAP and Constellation Brands, Inc. STZ.
Boston Beer Company launched Truly Hard Seltzer in April 2016. Now well known for being available in cans, Truly was first sold in glass bottles and available with all three flavors of Colima Lime, Grapefruit and Pomelo and Pomegranate.
Truly and White Claw, also launched in 2016, have been top hard seltzer brands for years. Over time, alcoholic beverage companies such as Anheuser-Busch InBev SA BUD also launched hard seltzer to increase their market share.
Truly's success was key to Boston Beer's strong stock performance for many years. Here's a look at how the stock has performed since Truly launched.
Related link: Here's what Anheuser Busch will be advertising during Super Bowl LVI
Invest $1,000 in Boston Beer: Truly launched on April 4, 2016.
A $1,000 investment in Boston Beer stock on launch day could have bought 5.46 shares, based on a high price of $183.22 that day- there.
$1,000 investment would be worth $1,837.34 today, based on Boston Beer stock price of $336.51 at time of writing .
This represents an 83.7% return over the last six years, or an average annual return of approximately 14% over the last six years.
Had investors timed a selloff to coincide with more companies entering the hard seltzer market, they could have generated even greater returns important.
Boston Beer stock hit an all-time closing high of $1,306.45 in April 2021. The $1,000 investment was then worth $7,133.22.
Boston Beer shares hit a 52-week high of $960.99, hit last July. The $1,000 investment would have been worth $5,247.01 at the 52-week high.
Photo: Image Party via Shuttestock
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Well known for its flagship Samuel Adams beer brand, Boston Beer Company Inc. SAM owns a portfolio of brands that includes Twisted Tea and Truly Hard Seltzer.
Here's a look at how the company's stock has performed since launching Truly, one of the world's best hard seltzer brands.
What happened: The hard seltzer water market has been one of the fastest growing alcohol categories and further growth is expected.< /p>
A new report from Acumen Research and Consulting has listed the global seltzer water market at $8.6 billion in 2021 and said it could reach $41.7 billion by 2030.
The projected compound annual growth of 19.7% from 2022 to 2030 is one of the reasons why beverage companies such as Coca-Cola Co KO and PepsiCo, Inc. PEP launch into the hard seltzer category.
Coca-Cola has partnered with Molson Coors Beverage TAP and Constellation Brands, Inc. STZ.
Boston Beer Company launched Truly Hard Seltzer in April 2016. Now well known for being available in cans, Truly was first sold in glass bottles and available with all three flavors of Colima Lime, Grapefruit and Pomelo and Pomegranate.
Truly and White Claw, also launched in 2016, have been top hard seltzer brands for years. Over time, alcoholic beverage companies such as Anheuser-Busch InBev SA BUD also launched hard seltzer to increase their market share.
Truly's success was key to Boston Beer's strong stock performance for many years. Here's a look at how the stock has performed since Truly launched.
Related link: Here's what Anheuser Busch will be advertising during Super Bowl LVI
Invest $1,000 in Boston Beer: Truly launched on April 4, 2016.
A $1,000 investment in Boston Beer stock on launch day could have bought 5.46 shares, based on a high price of $183.22 that day- there.
$1,000 investment would be worth $1,837.34 today, based on Boston Beer stock price of $336.51 at time of writing .
This represents an 83.7% return over the last six years, or an average annual return of approximately 14% over the last six years.
Had investors timed a selloff to coincide with more companies entering the hard seltzer market, they could have generated even greater returns important.
Boston Beer stock hit an all-time closing high of $1,306.45 in April 2021. The $1,000 investment was then worth $7,133.22.
Boston Beer shares hit a 52-week high of $960.99, hit last July. The $1,000 investment would have been worth $5,247.01 at the 52-week high.
Photo: Image Party via Shuttestock
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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