OMERS ADMINISTRATION Corp Takes Position in The Boston Beer Company, Inc. $SAM

Key Points

• OMERS ADMINISTRATION Corp acquired a new stake in The Boston Beer Company, Inc. by purchasing 5,200 shares valued at approximately $1.24 million in the first quarter.
• Boston Beer reported $5.45 earnings per share (EPS) for the last quarter, exceeding analysts' estimates, with revenues of $587.95 million, which was slightly below expectations.
• Analysts have recently downgraded their target prices for Boston Beer, with the consensus target now at $258.09, while maintaining an overall "Hold" rating on the stock.

OMERS ADMINISTRATION Corp purchased a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,200 shares of the company's stock, valued at approximately $1,242,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAM. J. Goldman & Co LP lifted its position in Boston Beer by 251.8% during the 4th quarter. J. Goldman & Co LP now owns 119,687 shares of the company's stock worth $35,904,000 after buying an additional 85,669 shares in the last quarter. Jump Financial LLC lifted its position in Boston Beer by 2,695.2% during the 1st quarter. Jump Financial LLC now owns 37,036 shares of the company's stock worth $8,846,000 after buying an additional 35,711 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Boston Beer by 67.4% during the 4th quarter. Point72 Asset Management L.P. now owns 56,769 shares of the company's stock worth $17,030,000 after buying an additional 22,854 shares in the last quarter. Lighthouse Investment Partners LLC bought a new stake in Boston Beer during the 4th quarter worth about $6,390,000. Finally, Quantinno Capital Management LP lifted its position in Boston Beer by 91.0% during the 4th quarter. Quantinno Capital Management LP now owns 40,225 shares of the company's stock worth $12,067,000 after buying an additional 19,161 shares in the last quarter. 81.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SAM shares. Sanford C. Bernstein set a $230.00 price target on shares of Boston Beer and gave the stock a "market perform" rating in a research report on Monday, July 28th. Evercore ISI dropped their target price 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 dropped their target price 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. Wall Street Zen cut shares of Boston Beer from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, Morgan Stanley dropped 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. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $258.09.

Boston Beer Price Performance

Boston Beer stock traded up $4.42 during trading hours on Friday, hitting $227.29. The company had a trading volume of 261,502 shares, compared to its average volume of 204,321. The firm has a market cap of $2.53 billion, a PE ratio of 32.06, a PEG ratio of 1.93 and a beta of 0.82. The Boston Beer Company, Inc. has a one year low of $185.34 and a one year high of $329.55. The firm has a 50-day moving average of $210.21 and a 200 day moving average of $224.19.

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, beating the consensus estimate of $4.37 by $1.08. The firm had revenue of $587.95 million for 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 business's revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.39 EPS. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. As a group, research analysts expect that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Insiders Place Their Bets

In other Boston Beer news, VP Annette N. Fritsch sold 600 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $219.24, for a total value of $131,544.00. Following the transaction, the vice president directly owned 9,715 shares of the company's stock, valued at $2,129,916.60. This represents a 5.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.10% of the stock is currently owned by corporate insiders.

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.