Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against The Boston Beer Company, Inc. (“The Boston Beer Company” or the “Company”) (NYSE: SAM) on behalf of The Boston Beer Company stockholders. Our investigation concerns whether The Boston Beer Company has violated the federal securities laws and/or engaged in other unlawful business practices.
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On September 8, 2021, after the market closed, The Boston Beer Company announced that it was withdrawing its 2021 financial guidance issued on July 22, 2021 as a result of a decrease in demand for its hard seltzer products. The Company further disclosed that it expects to incur hard seltzer-related inventory write-offs, shortfall fees payable to 3rd party brewers, and other costs associated with the drop in demand during the remainder of fiscal year 2021.
On this news, The Boston Beer Company’s stock price fell $21.09 per share, or 3.77%, to close at $538.3 per share on September 8, 2021.
If you purchased or otherwise acquired The Boston Beer Company shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210910005573/en/
Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
