Corient Private Wealth LP Cuts Stock Position in The Boston Beer Company, Inc. $SAM

Key Points

• Corient Private Wealth LP cut its Boston Beer stake by 92.2% in the second quarter, selling 41,878 shares and retaining 3,549 shares valued at approximately $628,000. Institutional investors collectively own 81.13% of SAM.
• Analyst sentiment remains cautious: the stock has an average rating of “Reduce” and a consensus price target of $206.91, with recent firms lowering targets and maintaining mostly Hold or Sell recommendations.
• Boston Beer shares opened at $162.86, near their 12-month low, after the company reported quarterly EPS of $3.65—below the $4.83 consensus estimate—while revenue slightly exceeded forecasts but declined 3.3% year over year.

Corient Private Wealth LP reduced its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 92.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,549 shares of the company's stock after selling 41,878 shares during the period. Corient Private Wealth LP's holdings in Boston Beer were worth $628,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Plato Investment Management Ltd bought a new position in Boston Beer during the 2nd quarter worth about $35,000. Ascentis Independent Advisors acquired a new position in shares of Boston Beer during the first quarter worth about $37,000. Public Employees Retirement System of Ohio bought a new position in shares of Boston Beer during the second quarter worth about $47,000. Hantz Financial Services Inc. grew its holdings in shares of Boston Beer by 56.1% during the fourth quarter. Hantz Financial Services Inc. now owns 437 shares of the company's stock worth $85,000 after buying an additional 157 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Boston Beer by 23.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 423 shares of the company's stock valued at $97,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 81.13% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on SAM shares. The Goldman Sachs Group cut their price objective on shares of Boston Beer from $192.00 to $169.00 and set a "sell" rating on the stock in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $176.00 price target on shares of Boston Beer in a research note on Friday, July 24th. UBS Group reduced their price objective on shares of Boston Beer from $245.00 to $190.00 and set a "neutral" rating for the company in a research note on Thursday, July 16th. Morgan Stanley set a $190.00 target price on Boston Beer and gave the company an "equal weight" rating in a research report on Friday, July 24th. Finally, Royal Bank Of Canada reduced their price target on Boston Beer from $234.00 to $210.00 and set a "sector perform" rating for the company in a research report on Friday, July 24th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $206.91.

Boston Beer Trading Down 1.5%

Boston Beer stock opened at $162.86 on Wednesday. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of -23.98 and a beta of 0.83. The Boston Beer Company, Inc. has a 12 month low of $158.68 and a 12 month high of $264.46. The stock's 50 day moving average is $177.39 and its 200-day moving average is $193.57.

Boston Beer (NYSE:SAM - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $3.65 EPS for the quarter, missing analysts' consensus estimates of $4.83 by ($1.18). The firm had revenue of $568.34 million during the quarter, compared to analyst estimates of $566.68 million. Boston Beer had a negative net margin of 3.42% and a positive return on equity of 9.99%. The business's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $5.45 earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, equities research analysts predict that The Boston Beer Company, Inc. will post 8.99 earnings per share for the current fiscal year.

About Boston Beer

Boston Beer Company, Inc is an American beverage company that develops, produces and sells alcoholic beverages. Founded in 1984 by Jim Koch, the company helped popularize craft beer in the United States with Samuel Adams Boston Lager, its flagship brand.

Boston Beer's portfolio includes Samuel Adams and other craft beer brands, as well as Truly Hard Seltzer, Twisted Tea hard iced tea, Angry Orchard hard cider and beverages associated with Dogfish Head Brewery, which it acquired in 2019.

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