Invesco Ltd. Purchases 10,241 Shares of 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. raised its position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 10.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,259 shares of the company's stock after purchasing an additional 10,241 shares during the period. Invesco Ltd. owned 0.98% of Boston Beer worth $26,095,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rossby Financial LCC bought a new stake in shares of Boston Beer during the 1st quarter worth about $25,000. GeoWealth Management LLC bought a new stake in shares of Boston Beer in the 4th quarter worth approximately $35,000. First Horizon Advisors Inc. raised 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 worth $51,000 after purchasing an additional 42 shares in the last quarter. Signaturefd LLC raised 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 worth $60,000 after purchasing an additional 208 shares in the last quarter. Finally, True Wealth Design LLC raised 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 worth $70,000 after purchasing an additional 71 shares in the last quarter. 81.13% of the stock is owned by institutional investors and hedge funds.

Boston Beer Price Performance

Boston Beer stock traded up $5.5930 during trading hours on Friday, hitting $223.8030. The company had a trading volume of 157,645 shares, compared to its average volume of 291,246. The firm has a market capitalization of $2.50 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. The firm's fifty day moving average is $205.65 and its 200-day moving average is $225.19. The Boston Beer Company, Inc. has a fifty-two week low of $185.34 and a fifty-two week high of $329.55.

Boston Beer (NYSE:SAM - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $5.45 earnings per share for the quarter, beating the consensus estimate of $4.37 by $1.08. The firm had revenue of $587.95 million for the quarter, compared to analyst estimates of $599.18 million. Boston Beer had a net margin of 3.65% and a return on equity of 15.15%. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.39 EPS. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. Analysts anticipate that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SAM shares. Evercore ISI cut their price target on shares of Boston Beer from $275.00 to $250.00 and set an "in-line" rating on the stock in a report on Friday, July 25th. UBS Group cut their price target on shares of Boston Beer from $275.00 to $214.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Morgan Stanley cut their price target on shares of Boston Beer from $270.00 to $245.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Sanford C. Bernstein set a $230.00 price target on shares of Boston Beer and gave the company a "market perform" rating in a report on Monday, July 28th. Finally, Citigroup cut their price target on shares of Boston Beer from $285.00 to $230.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $258.09.

Insider Buying and Selling

In other Boston Beer news, VP Annette N. Fritsch sold 600 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $219.24, for a total value of $131,544.00. Following the completion of the sale, the vice president directly owned 9,715 shares of the company's stock, valued at $2,129,916.60. The trade was a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 26.10% of the stock is owned by corporate insiders.

Boston Beer Company 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.