Diversified Trust Co Makes New $313,000 Investment in The Boston Beer Company, Inc. $SAM

Key Points

• Diversified Trust Co has made a new investment of approximately $313,000 in The Boston Beer Company, acquiring 1,641 shares of stock.
• Insider activity includes VP Annette N. Fritsch selling 600 shares for around $131,544, resulting in a 5.82% decrease in her ownership.
• The company reported an earnings per share (EPS) of $5.45 for the last quarter, exceeding expectations, while also guiding FY 2025 EPS to be between 8.000-10.500.

Diversified Trust Co acquired a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,641 shares of the company's stock, valued at approximately $313,000.

Other hedge funds have also made changes to their positions in the company. Rossby Financial LCC purchased a new stake in shares of Boston Beer in the first quarter worth approximately $25,000. Elequin Capital LP acquired a new position in Boston Beer in the 1st quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Boston Beer during the 1st quarter valued at $44,000. First Horizon Advisors Inc. grew its holdings in shares of Boston Beer by 24.4% during the 1st quarter. First Horizon Advisors Inc. now owns 214 shares of the company's stock valued at $51,000 after acquiring an additional 42 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Boston Beer by 483.7% during the 1st quarter. Signaturefd LLC now owns 251 shares of the company's stock valued at $60,000 after acquiring an additional 208 shares in the last quarter. 81.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Boston Beer

In other news, VP Annette N. Fritsch sold 600 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $219.24, for a total transaction of $131,544.00. Following the completion of the transaction, the vice president owned 9,715 shares of the company's stock, valued at approximately $2,129,916.60. This represents a 5.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 26.10% of the company's stock.

Boston Beer Stock Up 2.1%

Shares of NYSE SAM opened at $220.55 on Thursday. The business's 50 day moving average is $216.42 and its two-hundred day moving average is $222.77. The company has a market cap of $2.46 billion, a P/E ratio of 31.11, a P/E/G ratio of 1.84 and a beta of 0.82. The Boston Beer Company, Inc. has a 12 month low of $185.34 and a 12 month 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, topping the consensus estimate of $4.37 by $1.08. The business had revenue of $587.95 million for the quarter, compared to the consensus estimate of $599.18 million. Boston Beer had a net margin of 3.65% and a return on equity of 15.15%. Boston Beer's quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $4.39 earnings per share. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. Sell-side analysts expect that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wall Street Zen cut Boston Beer from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. The Goldman Sachs Group dropped their price objective on Boston Beer from $219.00 to $187.00 and set a "sell" rating on the stock in a report on Monday, June 23rd. Sanford C. Bernstein set a $230.00 price objective on Boston Beer and gave the stock a "market perform" rating in a report on Monday, July 28th. Evercore ISI decreased their target price on shares of 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. Finally, Morgan Stanley reduced their price objective on shares of Boston Beer from $270.00 to $245.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Boston Beer has a consensus rating of "Hold" and a consensus price target of $258.09.

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.

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