Arrowstreet Capital Limited Partnership Acquires 60,880 Shares of The Boston Beer Company, Inc. $SAM

Arrowstreet Capital Limited Partnership lifted its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 34.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 239,109 shares of the company’s stock after purchasing an additional 60,880 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Boston Beer were worth $45,624,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers grew its holdings in shares of Boston Beer by 10.5% during the 1st quarter. Cetera Investment Advisers now owns 1,402 shares of the company’s stock worth $335,000 after purchasing an additional 133 shares in the last quarter. Mackenzie Financial Corp increased its stake in Boston Beer by 17.2% in the first quarter. Mackenzie Financial Corp now owns 1,625 shares of the company’s stock valued at $388,000 after acquiring an additional 239 shares during the last quarter. US Bancorp DE increased its stake in Boston Beer by 23.5% in the first quarter. US Bancorp DE now owns 336 shares of the company’s stock valued at $80,000 after acquiring an additional 64 shares during the last quarter. New Age Alpha Advisors LLC raised its position in Boston Beer by 74.4% during the first quarter. New Age Alpha Advisors LLC now owns 1,240 shares of the company’s stock valued at $296,000 after purchasing an additional 529 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Boston Beer by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 865,251 shares of the company’s stock valued at $206,657,000 after purchasing an additional 15,563 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SAM has been the topic of a number of research reports. Jefferies Financial Group decreased their target price on shares of Boston Beer from $230.00 to $225.00 and set a “hold” rating on the stock in a research note on Tuesday, September 30th. UBS Group upped their target price on Boston Beer from $230.00 to $246.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Citigroup lowered Boston Beer from a “buy” rating to a “neutral” rating and cut their price target for the company from $255.00 to $235.00 in a research note on Monday, October 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boston Beer in a research report on Wednesday, October 8th. Finally, Piper Sandler cut 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. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $249.74.

Boston Beer Stock Performance

Boston Beer stock opened at $195.83 on Friday. The Boston Beer Company, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $323.98. The firm’s 50-day simple moving average is $208.93 and its 200 day simple moving average is $211.94. The stock has a market cap of $2.09 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 1.69 and a beta of 1.06.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $4.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.78 by $0.47. Boston Beer had a return on equity of 12.29% and a net margin of 4.38%.The firm had revenue of $537.49 million during the quarter, compared to the consensus estimate of $542.97 million. During the same quarter in the prior year, the company earned $2.86 EPS. The business’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. As a group, analysts predict that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.

Insider Buying and Selling at Boston Beer

In related news, Director Michael Spillane sold 3,120 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $205.78, for a total value of $642,033.60. Following the transaction, the director owned 10,877 shares in the company, valued at approximately $2,238,269.06. This represents a 22.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 26.10% of the stock is owned by corporate insiders.

Boston Beer Company 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.