BCGM Wealth Management LLC Boosts Holdings in The Boston Beer Company, Inc. $SAM

BCGM Wealth Management LLC lifted its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 167.0% in the third quarter, Holdings Channel reports. The institutional investor owned 9,491 shares of the company’s stock after acquiring an additional 5,936 shares during the quarter. BCGM Wealth Management LLC’s holdings in Boston Beer were worth $2,007,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd grew its position in Boston Beer by 278.0% in the second quarter. Qube Research & Technologies Ltd now owns 112,507 shares of the company’s stock worth $21,467,000 after acquiring an additional 82,742 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Boston Beer during the 2nd quarter worth $12,795,000. Arrowstreet Capital Limited Partnership increased its position in shares of Boston Beer by 34.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 239,109 shares of the company’s stock worth $45,624,000 after purchasing an additional 60,880 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Boston Beer by 266.7% in the 2nd quarter. Quantinno Capital Management LP now owns 77,337 shares of the company’s stock valued at $14,757,000 after buying an additional 56,248 shares during the period. Finally, American Century Companies Inc. raised its holdings in Boston Beer by 159.0% in the 2nd quarter. American Century Companies Inc. now owns 90,652 shares of the company’s stock valued at $17,298,000 after buying an additional 55,645 shares during the period. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Boston Beer Stock Up 0.4%

Shares of SAM stock opened at $226.49 on Monday. The firm has a 50 day moving average of $218.06 and a two-hundred day moving average of $213.95. The stock has a market capitalization of $2.41 billion, a PE ratio of 23.25, a P/E/G ratio of 2.47 and a beta of 1.00. The Boston Beer Company, Inc. has a 52 week low of $185.34 and a 52 week high of $260.00.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Tuesday, February 24th. The company reported ($2.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.33) by $0.21. The business had revenue of $385.68 million for the quarter, compared to analyst estimates of $381.75 million. Boston Beer had a return on equity of 12.16% and a net margin of 5.20%.The company’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.68) earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. Analysts expect that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Citigroup increased their target price on shares of Boston Beer from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Piper Sandler lowered their price objective on shares of Boston Beer from $230.00 to $220.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Weiss Ratings lowered Boston Beer from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Morgan Stanley lowered their price target on Boston Beer from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 25th. Finally, Zacks Research cut Boston Beer from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Ten analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $233.31.

Boston Beer 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.