Arrowstreet Capital Limited Partnership Sells 26,267 Shares of The Boston Beer Company, Inc. $SAM

Arrowstreet Capital Limited Partnership lessened its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 9.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,249 shares of the company’s stock after selling 26,267 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Boston Beer were worth $56,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Ascentis Independent Advisors bought a new position in shares of Boston Beer in the first quarter worth approximately $37,000. Flagship Harbor Advisors LLC bought a new position in Boston Beer in the 4th quarter valued at approximately $35,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Boston Beer by 154.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock valued at $49,000 after acquiring an additional 141 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in Boston Beer by 4,780.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 244 shares of the company’s stock valued at $52,000 after purchasing an additional 239 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Boston Beer by 180.9% during the 4th quarter. Covestor Ltd now owns 250 shares of the company’s stock valued at $49,000 after purchasing an additional 161 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price target on Boston Beer from $192.00 to $169.00 and set a “sell” rating on the stock in a report on Wednesday, July 8th. Jefferies Financial Group decreased their target price on Boston Beer from $230.00 to $195.00 and set a “hold” rating for the company in a research report on Friday. Citigroup lowered their target price on shares of Boston Beer from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft set a $176.00 price target on shares of Boston Beer in a report on Friday. Finally, Evercore set a $240.00 price target on shares of Boston Beer in a research note on Friday, May 1st. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $205.91.

Boston Beer Stock Up 1.9%

SAM stock opened at $183.51 on Tuesday. The business’s 50-day moving average price is $177.79 and its 200-day moving average price is $209.21. The stock has a market cap of $1.91 billion, a P/E ratio of -27.03, a PEG ratio of 3.68 and a beta of 0.78. The Boston Beer Company, Inc. has a twelve month low of $158.68 and a twelve month high of $264.46.

Boston Beer (NYSE:SAM) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.83 by ($1.18). The business had revenue of $568.34 million during the quarter, compared to analysts’ expectations of $566.68 million. Boston Beer had a positive return on equity of 9.99% and a negative net margin of 3.42%.The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.45 EPS. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. On average, equities research analysts expect that The Boston Beer Company, Inc. will post 8.74 earnings per share for the current fiscal year.

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.