Boston Beer (NYSE:SAM) Releases Quarterly Earnings Results

Key Points

• Boston Beer Company reported a quarterly EPS of $4.25, exceeding the consensus estimate of $3.69 by $0.56, indicating strong performance in the latest quarter.
• Despite the positive earnings report, shares of Boston Beer saw a minor decline of 0.0% during trading hours, closing at $218.66.
• Various institutional investors, including Goldman Sachs, have recently increased their stakes in Boston Beer, showcasing strong institutional interest in the company.

Boston Beer (NYSE:SAM - Get Free Report) released its earnings results on Thursday. The company reported $4.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.78 by $0.47, Zacks reports. Boston Beer had a return on equity of 15.15% and a net margin of 3.65%.The business had revenue of $537.49 million for the quarter, compared to the consensus estimate of $542.97 million. During the same quarter in the previous year, the business earned $2.86 earnings per share. Boston Beer's quarterly revenue was down 11.2% on a year-over-year basis. Boston Beer updated its FY 2025 guidance to 7.800-9.800 EPS.

Boston Beer Stock Performance

NYSE SAM opened at $218.66 on Friday. Boston Beer has a 52-week low of $185.34 and a 52-week high of $329.55. The company has a market capitalization of $2.44 billion, a P/E ratio of 30.84, a P/E/G ratio of 2.01 and a beta of 0.83. The company has a fifty day moving average of $220.17 and a 200-day moving average of $220.70.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SAM. Jefferies Financial Group lowered their price objective on shares of Boston Beer from $230.00 to $225.00 and set a "hold" rating for the company in a research report on Tuesday, September 30th. Weiss Ratings reissued a "sell (d+)" rating on shares of Boston Beer in a research report on Wednesday, October 8th. Evercore ISI lowered their target price on shares of Boston Beer from $275.00 to $250.00 and set an "in-line" rating on the stock in a report on Friday, July 25th. Wall Street Zen lowered shares of Boston Beer from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, Citigroup lowered shares of Boston Beer from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $255.00 to $235.00 in a research note on Monday, October 6th. One 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 data from MarketBeat, Boston Beer has an average rating of "Reduce" and an average target price of $249.19.

Insider Activity

In other news, VP Annette N. Fritsch sold 600 shares of Boston Beer stock in a transaction on Friday, August 8th. The shares were sold at an average price of $219.24, for a total transaction of $131,544.00. Following the completion of the sale, the vice president directly owned 9,715 shares of the company's stock, valued at approximately $2,129,916.60. The trade was a 5.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 26.10% of the company's stock.

Hedge Funds Weigh In On Boston Beer

Large investors have recently added to or reduced their stakes in the business. Group One Trading LLC purchased a new position in shares of Boston Beer in the second quarter valued at about $99,000. Raymond James Financial Inc. lifted its stake in shares of Boston Beer by 34.5% in the second quarter. Raymond James Financial Inc. now owns 1,145 shares of the company's stock worth $218,000 after buying an additional 294 shares in the last quarter. Great Valley Advisor Group Inc. lifted its position in Boston Beer by 5.3% during the second quarter. Great Valley Advisor Group Inc. now owns 1,192 shares of the company's stock valued at $227,000 after purchasing an additional 60 shares during the period. Cresset Asset Management LLC lifted its position in Boston Beer by 12.5% during the second quarter. Cresset Asset Management LLC now owns 1,400 shares of the company's stock valued at $267,000 after purchasing an additional 156 shares during the period. Finally, Empowered Funds LLC lifted its position in Boston Beer by 8.8% during the first quarter. Empowered Funds LLC now owns 1,207 shares of the company's stock valued at $288,000 after purchasing an additional 98 shares during the period. Hedge funds and other institutional investors own 81.13% of the company's stock.

About Boston Beer

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.