14,607 Shares in The Boston Beer Company, Inc. $SAM Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has acquired a new stake in The Boston Beer Company, purchasing 14,607 shares valued at approximately $3.49 million, representing roughly 0.13% of the company's stock.
• The Boston Beer Company reported a quarterly EPS of $5.45, beating estimates, and generated revenues of $587.95 million, reflecting a 1.5% year-over-year increase.
• Institutional investors collectively own 81.13% of Boston Beer, with notable recent stakes by Rossby Financial and GeoWealth Management among others.

Quantbot Technologies LP purchased a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,607 shares of the company's stock, valued at approximately $3,489,000. Quantbot Technologies LP owned about 0.13% of Boston Beer at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SAM. Rossby Financial LCC purchased a new stake in Boston Beer during the 1st quarter worth about $25,000. Elequin Capital LP purchased a new stake in Boston Beer during the 1st quarter worth about $30,000. GeoWealth Management LLC purchased a new stake in Boston Beer during the 4th quarter worth about $35,000. Caitong International Asset Management Co. Ltd purchased a new stake in Boston Beer during the 1st quarter worth about $44,000. Finally, First Horizon Advisors Inc. lifted its holdings in Boston Beer by 24.4% during the 1st quarter. First Horizon Advisors Inc. now owns 214 shares of the company's stock worth $51,000 after buying an additional 42 shares during the last quarter. 81.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Boston Beer

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SAM shares. Citigroup reduced their target price on Boston Beer from $285.00 to $230.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. Morgan Stanley reduced their target price on Boston Beer from $270.00 to $245.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Sanford C. Bernstein set a $230.00 target price on Boston Beer and gave the company a "market perform" rating in a report on Monday, July 28th. Evercore ISI reduced their target price on Boston Beer from $275.00 to $250.00 and set an "in-line" rating for the company in a report on Friday, July 25th. Finally, UBS Group reduced their target price on Boston Beer from $275.00 to $214.00 and set a "neutral" rating for the company in a report 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $258.09.

Boston Beer Stock Up 2.6%

SAM traded up $5.5930 on Friday, hitting $223.8030. 157,645 shares of the company traded hands, compared to its average volume of 291,246. The company has a 50 day moving average of $205.65 and a 200-day moving average of $225.19. The stock has a market capitalization of $2.49 billion, a PE ratio of 31.57, a PEG ratio of 1.86 and a beta of 0.84. The Boston Beer Company, Inc. has a 12-month low of $185.34 and a 12-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 EPS for the quarter, beating the consensus estimate of $4.37 by $1.08. The firm had revenue of $587.95 million during the quarter, compared to the consensus estimate of $599.18 million. Boston Beer had a return on equity of 15.15% and a net margin of 3.65%.The firm's revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $4.39 EPS. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. On average, 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.