AlphaQuest LLC Grows Stock Holdings in The Boston Beer Company, Inc. $SAM

Key Points

• AlphaQuest LLC significantly increased its holdings in The Boston Beer Company, Inc. by 246% during the second quarter, owning approximately 6,518 shares valued at $1.24 million.
• The company reported an EPS of $4.25 for the latest quarter, surpassing estimates by $0.47, but experienced an 11.2% decline in revenue compared to the previous year.
• Boston Beer has received mixed ratings from analysts, with an average consensus target price of $250.65 and a mix of Hold and Sell ratings.

AlphaQuest LLC grew its stake in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 246.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,518 shares of the company's stock after purchasing an additional 4,634 shares during the period. AlphaQuest LLC owned approximately 0.06% of Boston Beer worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in SAM. Rossby Financial LCC purchased a new position in shares of Boston Beer during the 1st quarter worth $25,000. Elequin Capital LP purchased a new stake in shares of Boston Beer in the first quarter valued at about $30,000. Caitong International Asset Management Co. Ltd acquired a new stake in Boston Beer during the first quarter worth about $44,000. First Horizon Advisors Inc. raised its stake in Boston Beer by 24.4% during the first quarter. First Horizon Advisors Inc. now owns 214 shares of the company's stock worth $51,000 after purchasing an additional 42 shares during the period. Finally, Signaturefd LLC raised its stake in Boston Beer by 483.7% during the first quarter. Signaturefd LLC now owns 251 shares of the company's stock worth $60,000 after purchasing an additional 208 shares during the period. Hedge funds and other institutional investors own 81.13% of the company's stock.

Boston Beer Stock Performance

NYSE SAM opened at $232.13 on Friday. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 2.13 and a beta of 0.83. The firm has a 50 day simple moving average of $220.41 and a 200-day simple moving average of $220.68. The Boston Beer Company, Inc. has a one year low of $185.34 and a one year high of $329.55.

Boston Beer (NYSE:SAM - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $4.25 EPS for the quarter, beating the consensus estimate of $3.78 by $0.47. The company had revenue of $537.49 million during the quarter, compared to analysts' expectations of $542.97 million. Boston Beer had a net margin of 4.38% and a return on equity of 12.30%. The firm's revenue was down 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.86 EPS. Boston Beer has set its FY 2025 guidance at 7.800-9.800 EPS. Equities analysts predict that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.

Insider Transactions at Boston Beer

In other news, VP Annette N. Fritsch sold 600 shares of Boston Beer stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $219.24, for a total value of $131,544.00. Following the completion of the transaction, the vice president owned 9,715 shares in the company, valued at approximately $2,129,916.60. This trade represents a 5.82% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 26.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SAM has been the topic of several research analyst reports. UBS Group boosted their price objective on shares of Boston Beer from $230.00 to $246.00 and gave the company a "neutral" rating in a report on Friday. Evercore ISI reduced their price target on shares of Boston Beer from $275.00 to $250.00 and set an "in-line" rating on the stock in a research note on Friday, July 25th. Sanford C. Bernstein set a $230.00 price objective on shares of Boston Beer and gave the stock a "market perform" rating in a research report on Monday, July 28th. Citigroup downgraded shares of Boston Beer from a "buy" rating to a "neutral" rating and dropped their target price for the company from $255.00 to $235.00 in a report on Monday, October 6th. Finally, Jefferies Financial Group cut their target price on Boston Beer from $230.00 to $225.00 and set a "hold" rating on the stock in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $250.65.

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.

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