Intech Investment Management LLC Purchases 6,076 Shares of The Boston Beer Company, Inc. $SAM

Key Points

• Intech Investment Management LLC increased its stake in The Boston Beer Company by a significant 300.6% in Q1, owning 8,097 shares valued at approximately $1.93 million.
• The company's shares opened at $221.88, with a 52-week range between $185.34 and $329.55, and a market cap of $2.47 billion.
• Boston Beer reported $5.45 earnings per share (EPS) for the last quarter, exceeding expectations, and set its FY 2025 EPS guidance between 8.000-10.500.

Intech Investment Management LLC boosted its position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 300.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,097 shares of the company's stock after buying an additional 6,076 shares during the quarter. Intech Investment Management LLC owned 0.07% of Boston Beer worth $1,934,000 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 the company. 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. Lazard Asset Management LLC lifted its position in shares of Boston Beer by 10.3% during the fourth quarter. Lazard Asset Management LLC now owns 515 shares of the company's stock worth $153,000 after purchasing an additional 48 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Boston Beer by 4.6% during the fourth quarter. Cetera Investment Advisers now owns 1,269 shares of the company's stock worth $381,000 after purchasing an additional 56 shares during the last quarter. US Bancorp DE lifted its position in shares of Boston Beer by 23.5% during the first quarter. US Bancorp DE now owns 336 shares of the company's stock worth $80,000 after purchasing an additional 64 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Boston Beer by 0.4% in the first quarter. Principal Financial Group Inc. now owns 19,912 shares of the company's stock worth $4,756,000 after acquiring an additional 79 shares during the period. 81.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group reduced their target price on shares of Boston Beer from $275.00 to $214.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Citigroup dropped their target price on Boston Beer from $285.00 to $230.00 and set a "buy" rating on the stock in a research report on Tuesday, July 15th. Sanford C. Bernstein set a $230.00 target price on Boston Beer and gave the company a "market perform" rating in a research report on Monday, July 28th. Morgan Stanley dropped their target price on Boston Beer from $270.00 to $245.00 and set an "equal weight" rating on the stock in a research report on Friday, July 25th. Finally, Wall Street Zen lowered Boston Beer from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Two investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $258.09.

Boston Beer Stock Performance

Shares of NYSE SAM traded up $0.06 during mid-day trading on Friday, reaching $223.58. 286,507 shares of the company's stock were exchanged, compared to its average volume of 222,611. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 1.91 and a beta of 0.82. The Boston Beer Company, Inc. has a 52-week low of $185.34 and a 52-week high of $329.55. The company's 50-day moving average is $214.88 and its 200-day moving average is $223.17.

Boston Beer (NYSE:SAM - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $599.18 million. During the same period in the prior year, the business posted $4.39 EPS. The company's revenue 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 predict that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Annette N. Fritsch sold 600 shares of the firm'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 of the company's stock, 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 is accessible through the SEC website. 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.