Asset Management Group Inc. Decreases Position in The Boston Beer Company, Inc. $SAM

Asset Management Group Inc. decreased its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 72.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,775 shares of the company’s stock after selling 4,556 shares during the quarter. Asset Management Group Inc.’s holdings in Boston Beer were worth $346,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Boston Beer by 9.4% in the fourth quarter. Vanguard Group Inc. now owns 1,039,184 shares of the company’s stock valued at $202,776,000 after buying an additional 89,053 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in Boston Beer in the fourth quarter valued at approximately $893,000. American Century Companies Inc. lifted its stake in Boston Beer by 35.7% in the third quarter. American Century Companies Inc. now owns 123,034 shares of the company’s stock valued at $26,012,000 after buying an additional 32,382 shares during the last quarter. WINTON GROUP Ltd increased its holdings in shares of Boston Beer by 1,152.1% in the third quarter. WINTON GROUP Ltd now owns 28,085 shares of the company’s stock valued at $5,938,000 after purchasing an additional 25,842 shares during the period. Finally, Gotham Asset Management LLC increased its holdings in shares of Boston Beer by 1,752.2% in the third quarter. Gotham Asset Management LLC now owns 213,266 shares of the company’s stock valued at $45,089,000 after purchasing an additional 201,752 shares during the period. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Performance

SAM opened at $179.50 on Wednesday. The business’s fifty day moving average is $205.02 and its two-hundred day moving average is $213.18. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -28.49, a PEG ratio of 2.35 and a beta of 0.79. The Boston Beer Company, Inc. has a one year low of $158.68 and a one year high of $264.46.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.32). Boston Beer had a negative net margin of 2.96% and a positive return on equity of 12.08%. The company had revenue of $433.93 million during the quarter, compared to analysts’ expectations of $436.06 million. During the same quarter in the prior year, the company earned $2.16 earnings per share. The firm’s revenue was down 4.4% compared to the same quarter last year. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. On average, analysts predict that The Boston Beer Company, Inc. will post 9.77 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Roth Mkm set a $315.00 target price on Boston Beer in a report on Friday, May 1st. UBS Group dropped their target price on Boston Beer from $250.00 to $245.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Morgan Stanley dropped their target price on Boston Beer from $235.00 to $220.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $233.00 target price on shares of Boston Beer in a report on Friday, May 1st. Finally, Royal Bank Of Canada dropped their target price on Boston Beer from $245.00 to $242.00 and set a “sector perform” rating on the stock in a report on Friday, May 1st. Ten analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $235.64.

About Boston Beer

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.