Invesco Ltd. Increases Position in The Boston Beer Company, Inc. $SAM

Key Points

• Invesco Ltd. increased its stake in The Boston Beer Company by 10.3% in Q1, now owning approximately 0.98% of the company valued at about $26 million.
• Boston Beer reported a quarterly EPS of $5.45, exceeding estimates by $1.08, although its revenue fell slightly short of expectations at $587.95 million.
• Analysts have mixed ratings for Boston Beer, with a range of target prices, including Citigroup lowering its target from $285 to $230, reflecting a cautious outlook.

Invesco Ltd. grew its holdings in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 10.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,259 shares of the company's stock after acquiring an additional 10,241 shares during the period. Invesco Ltd. owned about 0.98% of Boston Beer worth $26,095,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SAM. Rossby Financial LCC purchased a new stake in shares of Boston Beer in the 1st quarter valued at $25,000. GeoWealth Management LLC purchased a new stake in shares of Boston Beer in the 4th quarter valued at $35,000. First Horizon Advisors Inc. boosted its holdings in shares of 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 acquiring an additional 42 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Boston Beer by 483.7% in the 1st quarter. Signaturefd LLC now owns 251 shares of the company's stock valued at $60,000 after acquiring an additional 208 shares during the last quarter. Finally, True Wealth Design LLC boosted its holdings in shares of 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 acquiring an additional 71 shares during the last quarter. 81.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on SAM. 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 note on Friday, July 25th. Wall Street Zen cut shares of Boston Beer from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. 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 note on Thursday, July 17th. 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 note on Monday, June 23rd. Finally, 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 note on Friday, July 25th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Boston Beer has an average rating of "Hold" and a consensus price target of $258.09.

Insiders Place Their Bets

In other Boston Beer news, VP Annette N. Fritsch sold 600 shares of the company's stock in a transaction on 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 directly owned 9,715 shares in the company, valued at approximately $2,129,916.60. This represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 26.10% of the company's stock.

Boston Beer Trading Down 2.8%

NYSE:SAM traded down $6.2590 during trading hours on Monday, reaching $217.3810. 189,803 shares of the company were exchanged, compared to its average volume of 267,018. The stock's 50-day moving average is $205.85 and its 200-day moving average is $224.78. The firm has a market cap of $2.42 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 1.91 and a beta of 0.84. The Boston Beer Company, Inc. has a twelve month low of $185.34 and a twelve month high of $329.55.

Boston Beer (NYSE:SAM - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $587.95 million during the quarter, compared to analysts' expectations of $599.18 million. Boston Beer had a net margin of 3.65% and a return on equity of 15.15%. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $4.39 earnings per share. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. As a group, research analysts anticipate that The Boston Beer Company, Inc. will post 9.29 EPS for the current year.

Boston Beer 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.