American Century Companies Inc. Sells 4,338 Shares of The Boston Beer Company, Inc. $SAM

Key Points

• American Century Companies Inc. has reduced its holdings in The Boston Beer Company by 11.0%, now owning 35,007 shares worth approximately $8.36 million.
• Boston Beer reported $5.45 earnings per share (EPS) for the recent quarter, exceeding estimates, with a revenue of $587.95 million, which was lower than the consensus forecast.
• Institutional investors own 81.13% of Boston Beer’s stock, indicating strong institutional interest despite recent downgrades from several analysts regarding the company's stock rating and price objectives.

American Century Companies Inc. lessened its stake in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 11.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,007 shares of the company's stock after selling 4,338 shares during the period. American Century Companies Inc. owned approximately 0.31% of Boston Beer worth $8,361,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its holdings in shares of Boston Beer by 24.4% during the 1st quarter. First Horizon Advisors Inc. now owns 214 shares of the company's stock worth $51,000 after acquiring an additional 42 shares during the last quarter. Lazard Asset Management LLC raised its position in Boston Beer by 10.3% during the fourth quarter. Lazard Asset Management LLC now owns 515 shares of the company's stock valued at $153,000 after purchasing an additional 48 shares in the last quarter. Cetera Investment Advisers raised its position in Boston Beer by 4.6% during the fourth quarter. Cetera Investment Advisers now owns 1,269 shares of the company's stock valued at $381,000 after purchasing an additional 56 shares in the last quarter. US Bancorp DE lifted its stake in Boston Beer by 23.5% during the first quarter. US Bancorp DE now owns 336 shares of the company's stock worth $80,000 after purchasing an additional 64 shares during the last quarter. Finally, True Wealth Design LLC boosted its holdings in shares of Boston Beer by 44.1% in the 4th quarter. True Wealth Design LLC now owns 232 shares of the company's stock worth $70,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 81.13% of the company's stock.

Boston Beer Stock Up 2.3%

Shares of NYSE:SAM traded up $5.07 during midday trading on Friday, hitting $221.48. 287,631 shares of the stock traded hands, compared to its average volume of 236,152. The business's 50 day moving average is $207.27 and its two-hundred day moving average is $224.50. The stock has a market capitalization of $2.47 billion, a PE ratio of 31.24, a P/E/G ratio of 1.84 and a beta of 0.84. 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 announced its quarterly earnings results on Thursday, July 24th. The company reported $5.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.37 by $1.08. The company had revenue of $587.95 million for the quarter, compared to the consensus estimate of $599.18 million. Boston Beer had a return on equity of 15.15% and a net margin of 3.65%.Boston Beer's revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.39 EPS. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. As a group, sell-side analysts forecast that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Insider Activity at Boston Beer

In related news, VP Annette N. Fritsch sold 600 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $219.24, for a total transaction of $131,544.00. Following the completion of the transaction, the vice president owned 9,715 shares in the company, valued at $2,129,916.60. This represents a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SAM has been the topic of a number of research reports. Morgan Stanley decreased their price objective on Boston Beer from $270.00 to $245.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Citigroup reduced their price target on shares of Boston Beer from $285.00 to $230.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. The Goldman Sachs Group decreased their price target on shares of Boston Beer from $219.00 to $187.00 and set a "sell" rating on the stock in a research note on Monday, June 23rd. Sanford C. Bernstein set a $230.00 price objective on shares of Boston Beer and gave the company a "market perform" rating in a research note on Monday, July 28th. Finally, UBS Group reduced their target price on shares of Boston Beer from $275.00 to $214.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Boston Beer has an average rating of "Hold" and a consensus target price of $258.09.

Boston Beer Profile

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.