(Boston, MA) – The Boston Beer Company announced last week that it had raised earnings projections significantly for both 2012 and 2013.

The late Wednesday announcement led to a temporary halting in trading. The stock traded up double-digits on Thursday, soaring to an all-time high.

Per Bloomberg, ‘Angry Orchard continues to surpass all expectations,’ Judy Hong, an analyst with Goldman Sachs Group Inc. in New York, said today in a note. ‘We have underestimated the strength of the seasonals and Angry Orchard, which are trending much better than we estimated.'”

Goldman Sachs maintained its sell rating as did UBS.

Per American Banking News, “Equities researchers at UBS AG raised their target price on shares of The Boston Beer Company (NYSE: SAM) from $99.00 to $111.00 in a report issued on Thursday.”