Calamos Advisors LLC Purchases 7,035 Shares of The Boston Beer Company, Inc. $SAM

Calamos Advisors LLC increased its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 12.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,364 shares of the company’s stock after purchasing an additional 7,035 shares during the period. Calamos Advisors LLC’s holdings in Boston Beer were worth $13,819,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Boston Beer by 81.7% during the 3rd quarter. GAMMA Investing LLC now owns 189 shares of the company’s stock worth $40,000 after buying an additional 85 shares during the period. TD Waterhouse Canada Inc. increased its position in Boston Beer by 606.1% during the second quarter. TD Waterhouse Canada Inc. now owns 233 shares of the company’s stock worth $46,000 after acquiring an additional 200 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in Boston Beer in the 2nd quarter worth about $50,000. Signaturefd LLC boosted its holdings in Boston Beer by 42.6% in the 2nd quarter. Signaturefd LLC now owns 358 shares of the company’s stock valued at $68,000 after purchasing an additional 107 shares during the period. Finally, Group One Trading LLC acquired a new position in shares of Boston Beer during the 2nd quarter worth approximately $99,000. 81.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. UBS Group lifted 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. Weiss Ratings restated a “sell (d+)” rating on shares of Boston Beer in a research note on Wednesday, October 8th. Jefferies Financial Group dropped their price objective on Boston Beer from $230.00 to $225.00 and set a “hold” rating for the company in a report on Tuesday, September 30th. Piper Sandler reduced 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. Finally, Citigroup decreased their price target on Boston Beer from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Boston Beer presently has a consensus rating of “Reduce” and a consensus target price of $248.37.

Boston Beer Trading Up 0.0%

Shares of Boston Beer stock opened at $197.70 on Wednesday. The firm’s 50 day moving average is $201.28 and its 200 day moving average is $208.43. The firm has a market capitalization of $2.11 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.72 and a beta of 1.06. The Boston Beer Company, Inc. has a 1 year low of $185.34 and a 1 year high of $302.68.

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

Insider Buying and Selling at Boston Beer

In related news, Director Michael Spillane sold 3,120 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $205.78, for a total transaction of $642,033.60. Following the sale, the director owned 10,877 shares in the company, valued at $2,238,269.06. The trade was a 22.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 26.10% of the stock is currently owned by company insiders.

Boston Beer Company Profile

The Boston Beer Company, Inc (NYSE: SAM) is a leading craft brewer headquartered in Boston, Massachusetts. Since its founding in 1984 by Jim Koch, the company has focused on producing high-quality, distinctive beers and beverages for retail, on-premise, and distribution partners across the United States. Its operations include brewing, packaging, marketing and distribution, supported by a network of wholly owned brewing facilities and strategic partnerships with regional breweries.

Boston Beer’s flagship brand, Samuel Adams Boston Lager, helped establish the modern U.S.