Gabelli Funds LLC Has $4.32 Million Holdings in The Boston Beer Company, Inc. $SAM

Key Points

• Gabelli Funds LLC increased its stake in The Boston Beer Company by 11.0%, owning 18,100 shares valued at approximately $4.32 million as of the end of the first quarter.
• The Boston Beer Company reported earnings of $5.45 per share, exceeding estimates of $4.37, with a revenue of $587.95 million, slightly below analyst predictions.
• Institutional investors, including several hedge funds, own a significant 81.13% of Boston Beer, with target price adjustments from various analysts reflecting a cautious outlook on the stock.

Gabelli Funds LLC grew its position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,100 shares of the company's stock after acquiring an additional 1,800 shares during the quarter. Gabelli Funds LLC owned about 0.16% of Boston Beer worth $4,323,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rossby Financial LCC acquired a new position in shares of Boston Beer during the first quarter valued at $25,000. Elequin Capital LP acquired a new position in shares of Boston Beer during the first quarter valued at $30,000. Caitong International Asset Management Co. Ltd acquired a new stake in Boston Beer in the first quarter worth about $44,000. First Horizon Advisors Inc. grew its position in Boston Beer by 24.4% in the 1st quarter. First Horizon Advisors Inc. now owns 214 shares of the company's stock valued at $51,000 after buying an additional 42 shares in the last quarter. Finally, True Wealth Design LLC grew its position in Boston Beer by 44.1% in the 4th quarter. True Wealth Design LLC now owns 232 shares of the company's stock valued at $70,000 after buying an additional 71 shares in the last quarter. Institutional investors and hedge funds own 81.13% of the company's stock.

Boston Beer Stock Up 2.3%

Boston Beer stock traded up $5.07 during midday trading on Friday, hitting $221.48. The company's stock had a trading volume of 287,631 shares, compared to its average volume of 226,816. The stock's 50-day moving average price is $207.27 and its 200-day moving average price is $224.41. The Boston Beer Company, Inc. has a 12 month low of $185.34 and a 12 month high of $329.55. The company has a market capitalization of $2.47 billion, a PE ratio of 31.24, a price-to-earnings-growth ratio of 1.88 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 EPS for the quarter, topping the consensus estimate of $4.37 by $1.08. Boston Beer had a net margin of 3.65% and a return on equity of 15.15%. The firm had revenue of $587.95 million for the quarter, compared to analysts' expectations of $599.18 million. During the same period in the previous year, the business earned $4.39 earnings per share. 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. As a group, equities analysts anticipate that The Boston Beer Company, Inc. will post 9.29 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SAM shares. Citigroup decreased their target price on shares of Boston Beer from $285.00 to $230.00 and set a "buy" rating for the company in a research report on Tuesday, July 15th. UBS Group decreased their target price on shares of Boston Beer from $275.00 to $214.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Sanford C. Bernstein set a $230.00 target price on shares of Boston Beer and gave the company a "market perform" rating in a research report on Monday, July 28th. Morgan Stanley decreased their target price on shares of Boston Beer from $270.00 to $245.00 and set an "equal weight" rating for the company in a research report on Friday, July 25th. Finally, The Goldman Sachs Group decreased their target price on shares of Boston Beer from $219.00 to $187.00 and set a "sell" rating for the company in a research report on Monday, June 23rd. Two research 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. According to MarketBeat, Boston Beer presently has a consensus rating of "Hold" and a consensus price target of $258.09.

Insider Transactions at Boston Beer

In other Boston Beer 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 26.10% of the company's stock.

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.