Kestra Investment Management LLC Invests $653,000 in The Boston Beer Company, Inc. $SAM

Key Points

• Kestra Investment Management LLC invested approximately $653,000 in The Boston Beer Company, acquiring 2,732 shares during the first quarter.
• Boston Beer reported $5.45 earnings per share (EPS) for the latest quarter, exceeding expectations and showing a year-over-year revenue increase of 1.5%.
• Institutional investors now hold 81.13% of Boston Beer’s stock, with several hedge funds significantly increasing their positions in the company.

Kestra Investment Management LLC bought a new position in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,732 shares of the company's stock, valued at approximately $653,000.

Other hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its holdings in shares of Boston Beer by 34.8% in the first quarter. Teacher Retirement System of Texas now owns 6,472 shares of the company's stock worth $1,546,000 after buying an additional 1,671 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Boston Beer by 51.8% in the first quarter. Wedge Capital Management L L P NC now owns 8,593 shares of the company's stock worth $2,052,000 after buying an additional 2,932 shares in the last quarter. Calamos Advisors LLC lifted its holdings in shares of Boston Beer by 70.8% in the first quarter. Calamos Advisors LLC now owns 46,071 shares of the company's stock worth $11,004,000 after buying an additional 19,090 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Boston Beer by 7,861.2% in the first quarter. GAMMA Investing LLC now owns 10,270 shares of the company's stock worth $2,453,000 after buying an additional 10,141 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Boston Beer in the first quarter worth $394,000. Hedge funds and other institutional investors own 81.13% of the company's stock.

Boston Beer Stock Up 2.0%

Boston Beer stock opened at $227.29 on Monday. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 1.93 and a beta of 0.82. The firm's fifty day moving average is $210.21 and its 200 day moving average is $224.18. The Boston Beer Company, Inc. has a 52-week low of $185.34 and a 52-week high of $329.55.

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 (EPS) for the quarter, beating analysts' consensus estimates of $4.37 by $1.08. The company had revenue of $587.95 million for the quarter, compared to the consensus estimate of $599.18 million. Boston Beer had a net margin of 3.65% and a return on equity of 15.15%. Boston Beer's revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.39 earnings per share. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. On average, equities research analysts anticipate that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Boston Beer news, VP Annette N. Fritsch sold 600 shares of the business'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 transaction, the vice president 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 26.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on SAM. Citigroup lowered their target price 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. Morgan Stanley lowered their target price 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. The Goldman Sachs Group lowered their target price on shares of Boston Beer from $219.00 to $187.00 and set a "sell" rating on the stock in a report on Monday, June 23rd. Sanford C. Bernstein set a $230.00 price target on shares of Boston Beer and gave the company a "market perform" rating in a research note on Monday, July 28th. Finally, UBS Group decreased their price target on shares of Boston Beer from $275.00 to $214.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $258.09.

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.

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