Bayforest Capital Ltd Purchases 1,556 Shares of The Boston Beer Company, Inc. $SAM

Key Points

• Bayforest Capital Ltd increased its stake in The Boston Beer Company by 576.3%, owning a total of 1,826 shares worth $436,000 after purchasing an additional 1,556 shares in the first quarter.
• The Boston Beer Company reported $5.45 EPS for the last quarter, exceeding expectations of $4.37, while the revenue of $587.95 million fell short of the anticipated $599.18 million.
• Recent analyst ratings on Boston Beer show a shift, with UBS Group lowering its price target from $275.00 to $214.00 and others recommending a Hold rating, reflecting a cautious outlook on the stock.

Bayforest Capital Ltd raised its stake in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 576.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,826 shares of the company's stock after purchasing an additional 1,556 shares during the quarter. Bayforest Capital Ltd's holdings in Boston Beer were worth $436,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SAM. Northern Trust Corp raised its holdings in Boston Beer by 21.8% in the 4th quarter. Northern Trust Corp now owns 80,632 shares of the company's stock valued at $24,188,000 after acquiring an additional 14,458 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in Boston Beer in the 4th quarter valued at $386,000. BNP Paribas Financial Markets increased its position in Boston Beer by 32.9% during the 4th quarter. BNP Paribas Financial Markets now owns 1,914 shares of the company's stock worth $574,000 after buying an additional 474 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Boston Beer by 16.3% during the fourth quarter. Captrust Financial Advisors now owns 2,976 shares of the company's stock worth $893,000 after buying an additional 418 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Boston Beer by 4.6% in the 4th quarter. Cetera Investment Advisers now owns 1,269 shares of the company's stock worth $381,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 81.13% of the company's stock.

Boston Beer Price Performance

Shares of NYSE:SAM opened at $222.55 on Wednesday. The company has a market capitalization of $2.48 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 1.92 and a beta of 0.82. The business has a fifty day moving average price of $211.36 and a two-hundred day moving average price of $224.15. The Boston Beer Company, Inc. has a 1 year low of $185.34 and a 1 year high of $329.55.

Boston Beer (NYSE:SAM - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $587.95 million for the quarter, compared to analysts' expectations of $599.18 million. Boston Beer had a return on equity of 15.15% and a net margin of 3.65%.The firm's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $4.39 EPS. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. Sell-side analysts anticipate that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Insider Transactions at Boston Beer

In other Boston Beer news, VP Annette N. Fritsch sold 600 shares of the company's 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 transaction, the vice president directly owned 9,715 shares in the company, valued at $2,129,916.60. This represents a 5.82% decrease in their position. 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 owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on SAM shares. UBS Group dropped their price target on Boston Beer from $275.00 to $214.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Wall Street Zen cut shares of Boston Beer from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. The Goldman Sachs Group cut their target price on Boston Beer from $219.00 to $187.00 and set a "sell" rating for the company in a research note on Monday, June 23rd. Sanford C. Bernstein set a $230.00 price target on Boston Beer and gave the company a "market perform" rating in a research note on Monday, July 28th. Finally, Evercore ISI dropped their price objective on Boston Beer from $275.00 to $250.00 and set an "in-line" rating for the company in a research report on Friday, July 25th. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $258.09.

Boston Beer Company 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.

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