The Boston Beer Company, Inc. $SAM Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in The Boston Beer Company, owning 99,457 shares valued at approximately $23.75 million after a 5.4% rise in position during Q1.
• The stock is predominantly held by institutional investors and hedge funds, with 81.13% ownership, while insiders hold 26.10% of the shares.
• Boston Beer has faced recent downgrades from analysts, with a consensus rating of "Hold" and an average price target of $258.09.

Charles Schwab Investment Management Inc. raised its holdings in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 5.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,457 shares of the company's stock after purchasing an additional 5,101 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.89% of Boston Beer worth $23,754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its holdings in Boston Beer by 24.4% in the 1st quarter. First Horizon Advisors Inc. now owns 214 shares of the company's stock valued at $51,000 after purchasing an additional 42 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Boston Beer by 10.3% in the 4th 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 boosted its holdings in Boston Beer by 4.6% in the 4th 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 boosted its holdings in Boston Beer by 23.5% in the 1st quarter. US Bancorp DE now owns 336 shares of the company's stock valued at $80,000 after purchasing an additional 64 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Boston Beer by 7.3% in the 4th quarter. Bank of Montreal Can now owns 1,001 shares of the company's stock valued at $300,000 after purchasing an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 81.13% of the company's stock.

Boston Beer Stock Up 2.6%

Shares of Boston Beer stock traded up $5.5930 during trading on Friday, hitting $223.8030. 157,645 shares of the company were exchanged, compared to its average volume of 291,246. The Boston Beer Company, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $329.55. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 1.91 and a beta of 0.84. The firm has a 50 day moving average price of $205.65 and a 200 day moving average price of $225.05.

Boston Beer (NYSE:SAM - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.37 by $1.08. Boston Beer had a return on equity of 15.15% and a net margin of 3.65%.The firm had revenue of $587.95 million during the quarter, compared to the consensus estimate of $599.18 million. During the same period in the previous year, the firm posted $4.39 EPS. The company's quarterly revenue was up 1.5% compared to the same quarter last year. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. Analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SAM has been the topic of several research analyst reports. Morgan Stanley decreased their price target on Boston Beer from $270.00 to $245.00 and set an "equal weight" rating on the stock in a research note on Friday, July 25th. Wall Street Zen lowered Boston Beer from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. The Goldman Sachs Group decreased their price target on Boston Beer from $219.00 to $187.00 and set a "sell" rating on the stock in a research note on Monday, June 23rd. UBS Group decreased their price target on Boston Beer from $275.00 to $214.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Finally, Citigroup decreased their price target on Boston Beer from $285.00 to $230.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $258.09.

Insiders Place Their Bets

In other Boston Beer news, VP Annette N. Fritsch sold 600 shares of the business's stock in a transaction on 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 directly owned 9,715 shares in the company, valued at approximately $2,129,916.60. The trade was a 5.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 26.10% 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.