Dean Capital Management Cuts Stock Position in The Boston Beer Company, Inc. $SAM

Key Points

• Dean Capital Management significantly reduced its stake in The Boston Beer Company by 59.6%, selling 6,211 shares and retaining 4,213 shares, which were valued at approximately $1 million.
• Several institutional investors made moves regarding Boston Beer during the first quarter, with Signaturefd LLC increasing its stake by 483.7%, despite hedge funds holding 81.13% of the stock overall.
• Analysts have recently downgraded Boston Beer's stock targets, with Goldman Sachs reducing its target price from $219 to $187 and several maintaining a consensus rating of "Hold" with an average target price of $258.09.

Dean Capital Management trimmed its position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 59.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,213 shares of the company's stock after selling 6,211 shares during the quarter. Dean Capital Management's holdings in Boston Beer were worth $1,006,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of SAM. Rossby Financial LCC purchased a new position in Boston Beer during the first quarter worth $25,000. Elequin Capital LP purchased a new position in Boston Beer during the first quarter worth $30,000. Caitong International Asset Management Co. Ltd purchased a new position in Boston Beer during the first quarter worth $44,000. First Horizon Advisors Inc. boosted its stake in Boston Beer by 24.4% during the first quarter. First Horizon Advisors Inc. now owns 214 shares of the company's stock worth $51,000 after buying an additional 42 shares during the period. Finally, Signaturefd LLC lifted its position in shares of Boston Beer by 483.7% during the first quarter. Signaturefd LLC now owns 251 shares of the company's stock worth $60,000 after purchasing an additional 208 shares during the last quarter. 81.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Boston Beer

In other news, VP Annette N. Fritsch sold 600 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $219.24, for a total transaction of $131,544.00. Following the sale, the vice president owned 9,715 shares in the company, valued at approximately $2,129,916.60. The trade was 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 accessible through this hyperlink. Insiders own 26.10% of the company's stock.

Wall Street Analyst Weigh In

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

Boston Beer Price Performance

SAM opened at $222.55 on Wednesday. The business's 50-day moving average is $211.36 and its two-hundred day moving average is $224.15. The Boston Beer Company, Inc. has a 1 year low of $185.34 and a 1 year high of $329.55. The firm 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.

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

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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