Jump Financial LLC Purchases 35,711 Shares of The Boston Beer Company, Inc. $SAM

Key Points

• Jump Financial LLC significantly increased its holdings in The Boston Beer Company by 2,695.2% during the 1st quarter, reaching approximately 37,036 shares valued at $8.8 million.
• Despite Jump Financial's growth, several analysts have lowered their target prices for Boston Beer, with Evercore ISI adjusting its target from $275 to $250 and UBS from $275 to $214 in recent reports.
• Boston Beer reported $5.45 earnings per share for the last quarter, exceeding the analysts' estimates of $4.37, while revenue for the quarter was $587.95 million, slightly below the estimate of $599.18 million.

Jump Financial LLC increased its holdings in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 2,695.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,036 shares of the company's stock after acquiring an additional 35,711 shares during the period. Jump Financial LLC owned about 0.33% of Boston Beer worth $8,846,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rossby Financial LCC acquired a new position in Boston Beer in the 1st quarter worth about $25,000. GeoWealth Management LLC acquired a new stake in Boston Beer in the 4th quarter valued at approximately $35,000. Elequin Capital LP acquired a new stake in Boston Beer in the 1st quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd acquired a new stake in Boston Beer in the 1st quarter valued at approximately $44,000. Finally, First Horizon Advisors Inc. grew its holdings 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 during the last quarter. 81.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SAM has been the topic of a number of research analyst reports. UBS Group lowered their target price on Boston Beer from $275.00 to $214.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. The Goldman Sachs Group lowered their target price on Boston Beer from $219.00 to $187.00 and set a "sell" rating on the stock in a report on Monday, June 23rd. Wall Street Zen downgraded Boston Beer from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Sanford C. Bernstein set a $230.00 price objective on Boston Beer and gave the stock a "market perform" rating in a research report on Monday, July 28th. Finally, Evercore ISI cut their target price on Boston Beer from $275.00 to $250.00 and set an "in-line" rating for the company in a research report on Friday, July 25th. Two 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $258.09.

Insider Activity at Boston Beer

In other 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 value of $131,544.00. Following the sale, the vice president directly owned 9,715 shares in the company, valued at $2,129,916.60. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 26.10% of the stock is currently owned by company insiders.

Boston Beer Stock Performance

SAM stock traded down $5.20 during midday trading on Thursday, hitting $216.77. 150,652 shares of the company's stock were exchanged, compared to its average volume of 223,079. The stock's fifty day moving average price is $206.48 and its 200-day moving average price is $224.70. The company has a market cap of $2.42 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 1.84 and a beta of 0.84. The Boston Beer Company, Inc. has a one year low of $185.34 and a one year high of $329.55.

Boston Beer (NYSE:SAM - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $5.45 earnings per share for the quarter, topping 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 return on equity of 15.15% and a net margin of 3.65%.The company's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $4.39 earnings per share. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. On average, analysts expect 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.