Engineers Gate Manager LP Increases Holdings in The Boston Beer Company, Inc. $SAM

Key Points

• Engineers Gate Manager LP increased its Boston Beer stake by 367.2% in the second quarter, bringing its holdings to 9,610 shares valued at approximately $1.7 million. Institutional investors collectively own 81.13% of the company.
• Analysts remain cautious, with Boston Beer receiving a consensus rating of “Reduce” and an average price target of $206.91; recent firms lowered targets while maintaining mostly hold ratings.
• Boston Beer reported quarterly EPS of $3.65, missing the $4.83 consensus estimate, while revenue of $568.34 million slightly exceeded expectations but declined 3.3% year over year. Shares opened at $170.67, near the lower end of their 52-week range.

Engineers Gate Manager LP increased its position in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 367.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,610 shares of the company's stock after purchasing an additional 7,553 shares during the quarter. Engineers Gate Manager LP owned approximately 0.09% of Boston Beer worth $1,701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc increased its stake in shares of Boston Beer by 333.3% during the second quarter. IFP Advisors Inc now owns 156 shares of the company's stock valued at $28,000 after buying an additional 120 shares during the period. Nykredit A S purchased a new position in Boston Beer during the 2nd quarter valued at about $115,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Boston Beer in the 2nd quarter valued at about $901,000. AlphaGrep UK Ltd bought a new stake in shares of Boston Beer in the 2nd quarter valued at about $436,000. Finally, Odyssean LLC lifted its position in shares of Boston Beer by 152.3% in the 2nd quarter. Odyssean LLC now owns 16,344 shares of the company's stock worth $2,893,000 after purchasing an additional 9,867 shares during the period. 81.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SAM has been the subject of a number of recent research reports. Jefferies Financial Group reduced their price objective on shares of Boston Beer from $230.00 to $195.00 and set a "hold" rating for the company in a research note on Friday, July 24th. Roth Capital reiterated a "buy" rating and issued a $295.00 price target (down from $315.00) on shares of Boston Beer in a report on Friday, July 24th. Citigroup decreased their price objective on Boston Beer from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft set a $176.00 price objective on Boston Beer in a research report on Friday, July 24th. Finally, Wall Street Zen upgraded shares of Boston Beer from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Boston Beer has an average rating of "Reduce" and a consensus target price of $206.91.

Boston Beer Price Performance

Shares of SAM stock opened at $170.67 on Thursday. The Boston Beer Company, Inc. has a 1-year low of $158.68 and a 1-year high of $264.46. The stock's fifty day moving average price is $178.77 and its 200 day moving average price is $197.53. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -25.14 and a beta of 0.83.

Boston Beer (NYSE:SAM - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The company reported $3.65 EPS for the quarter, missing analysts' consensus estimates of $4.83 by ($1.18). The business had revenue of $568.34 million during the quarter, compared to analysts' expectations of $566.68 million. Boston Beer had a negative net margin of 3.42% and a positive return on equity of 9.99%. The company's quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $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 anticipate that The Boston Beer Company, Inc. will post 8.99 earnings per share for the current 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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