The Boston Beer Company, Inc. $SAM Shares Acquired by Dark Forest Capital Management LP

Key Points

• Dark Forest Capital Management LP significantly increased its holdings in The Boston Beer Company by 2,308.8%, now owning 18,572 shares valued at approximately $4.44 million.
• Insider trading was noted as VP Annette N. Fritsch sold 600 shares, decreasing her ownership by 5.82%, while insiders collectively own 26.10% of the company's stock.
• Boston Beer reported earnings of $5.45 per share, exceeding analysts' expectations, despite a revenue of $587.95 million that fell short of the consensus estimate.

Dark Forest Capital Management LP boosted its holdings in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 2,308.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,572 shares of the company's stock after acquiring an additional 17,801 shares during the quarter. Dark Forest Capital Management LP owned about 0.17% of Boston Beer worth $4,436,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Armistice Capital LLC boosted its stake in shares of Boston Beer by 72.7% during the first quarter. Armistice Capital LLC now owns 210,553 shares of the company's stock valued at $50,288,000 after acquiring an additional 88,624 shares during the last quarter. J. Goldman & Co LP boosted its stake in Boston Beer by 251.8% in the 4th quarter. J. Goldman & Co LP now owns 119,687 shares of the company's stock worth $35,904,000 after buying an additional 85,669 shares during the last quarter. Jump Financial LLC boosted its stake in Boston Beer by 2,695.2% in the 1st quarter. Jump Financial LLC now owns 37,036 shares of the company's stock worth $8,846,000 after buying an additional 35,711 shares during the last quarter. Trexquant Investment LP boosted its stake in Boston Beer by 147.8% in the 1st quarter. Trexquant Investment LP now owns 46,434 shares of the company's stock worth $11,090,000 after buying an additional 27,698 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Boston Beer by 67.4% in the 4th quarter. Point72 Asset Management L.P. now owns 56,769 shares of the company's stock worth $17,030,000 after buying an additional 22,854 shares during the last quarter. Hedge funds and other institutional investors own 81.13% of the company's stock.

Analysts Set New Price Targets

SAM has been the topic of a number of research analyst reports. Wall Street Zen lowered Boston Beer from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Morgan Stanley reduced their price objective 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. UBS Group reduced their price objective 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. Evercore ISI reduced their price objective on 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. Finally, Citigroup dropped their target price on Boston Beer from $285.00 to $230.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $258.09.

Boston Beer Trading Up 2.0%

SAM stock traded up $4.42 during midday trading on Friday, hitting $227.29. 261,502 shares of the company's stock were exchanged, compared to its average volume of 204,321. The Boston Beer Company, Inc. has a 12-month low of $185.34 and a 12-month high of $329.55. The firm has a 50 day moving average price of $210.21 and a 200-day moving average price of $224.19. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 1.93 and a beta of 0.82.

Boston Beer (NYSE:SAM - Get Free Report) last posted 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 company had revenue of $587.95 million for the quarter, compared to the consensus estimate of $599.18 million. During the same period in the previous year, the business earned $4.39 EPS. Boston Beer's revenue for the quarter 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. On average, sell-side analysts forecast that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.

Insider Activity at Boston Beer

In other news, VP Annette N. Fritsch sold 600 shares of Boston Beer stock in a transaction that occurred 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 26.10% of the company's stock.

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.