Franklin Resources Inc. Raises Stake in The Boston Beer Company, Inc. $SAM

Franklin Resources Inc. boosted its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 32.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,133 shares of the company’s stock after buying an additional 5,943 shares during the quarter. Franklin Resources Inc. owned 0.22% of Boston Beer worth $4,605,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SAM. Millennium Management LLC increased its stake in shares of Boston Beer by 97.3% in the first quarter. Millennium Management LLC now owns 185,898 shares of the company’s stock worth $44,400,000 after acquiring an additional 91,667 shares during the period. Armistice Capital LLC boosted its holdings in Boston Beer by 72.7% in the first quarter. Armistice Capital LLC now owns 210,553 shares of the company’s stock valued at $50,288,000 after purchasing an additional 88,624 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Boston Beer during the 2nd quarter worth about $12,795,000. Jump Financial LLC grew its position in Boston Beer by 2,695.2% during the 1st quarter. Jump Financial LLC now owns 37,036 shares of the company’s stock worth $8,846,000 after purchasing an additional 35,711 shares during the period. Finally, Global Alpha Capital Management Ltd. raised its stake in shares of Boston Beer by 42.7% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 113,804 shares of the company’s stock valued at $21,715,000 after buying an additional 34,070 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on SAM. Piper Sandler dropped their target price on Boston Beer from $230.00 to $220.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Boston Beer in a research report on Wednesday, October 8th. Citigroup lowered shares of Boston Beer from a “buy” rating to a “neutral” rating and cut their target price for the company from $255.00 to $235.00 in a report on Monday, October 6th. Jefferies Financial Group decreased their target price on shares of Boston Beer from $230.00 to $225.00 and set a “hold” rating for the company in a research note on Tuesday, September 30th. Finally, UBS Group raised their price target on shares of Boston Beer from $230.00 to $246.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Boston Beer presently has an average rating of “Reduce” and an average target price of $249.74.

Insider Transactions at Boston Beer

In related news, Director Michael Spillane sold 3,120 shares of Boston Beer stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $205.78, for a total value of $642,033.60. Following the sale, the director directly owned 10,877 shares in the company, valued at approximately $2,238,269.06. The trade was a 22.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 26.10% of the company’s stock.

Boston Beer Stock Performance

Boston Beer stock opened at $196.78 on Tuesday. The stock has a market capitalization of $2.10 billion, a P/E ratio of 23.21, a P/E/G ratio of 1.85 and a beta of 0.91. The company’s fifty day moving average price is $210.56 and its 200 day moving average price is $212.89. The Boston Beer Company, Inc. has a 1 year low of $185.34 and a 1 year high of $323.98.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $4.25 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.47. Boston Beer had a net margin of 4.38% and a return on equity of 12.29%. The company had revenue of $537.49 million during the quarter, compared to analysts’ expectations of $542.97 million. During the same period in the prior year, the business posted $2.86 earnings per share. The firm’s revenue for the quarter was down 11.2% on a year-over-year basis. Boston Beer has set its FY 2025 guidance at 7.800-9.800 EPS. Sell-side analysts predict that The Boston Beer Company, Inc. will post 9.29 EPS for the current year.

Boston Beer Profile

The Boston Beer Company, Inc produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, flavored malt beverages, and hard seltzers under the Samuel Adams, Twisted Tea, Truly, Angry Orchard, Dogfish Head, Angel City, and Coney Island brand names.