(Boston, MA) – On Monday, UBS AG re-iterated a report from early July in which the company changed its rating on Boston Beer Company stock from ‘neutral’ to ‘sell.’ An analyst for the company called Boston Beer’s problem “The Innovator’s Curse,” saying growth would slow off of a string of innovations that the company will likely be unable to replicate.
As of Tuesday afternoon, the stock had dipped nearly 5% from its Monday opening price of $112.96 per share.
The stock price has dropped 16% in less than four weeks from a 52-week high on July 5th.
The company will report its second quarter earnings in August.