Quantbot Technologies LP Invests $3.49 Million in The Boston Beer Company, Inc. $SAM

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 acquired a new stake in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,607 shares of the company's stock, valued at approximately $3,489,000. Quantbot Technologies LP owned 0.13% of Boston Beer at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas raised its position in Boston Beer by 34.8% in the first quarter. Teacher Retirement System of Texas now owns 6,472 shares of the company's stock valued at $1,546,000 after purchasing an additional 1,671 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of Boston Beer by 51.8% during the 1st 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 boosted its stake 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 valued at $11,004,000 after buying an additional 19,090 shares in the last quarter. GAMMA Investing LLC boosted its position in Boston Beer by 7,861.2% during the first quarter. GAMMA Investing LLC now owns 10,270 shares of the company's stock worth $2,453,000 after purchasing an additional 10,141 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Boston Beer during the 1st quarter valued at $394,000. 81.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on SAM. Wall Street Zen lowered Boston Beer from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. The Goldman Sachs Group decreased their target price on Boston Beer from $219.00 to $187.00 and set a "sell" rating for the company in a research report on Monday, June 23rd. UBS Group reduced their price objective on Boston Beer from $275.00 to $214.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Evercore ISI cut their target price on Boston Beer from $275.00 to $250.00 and set an "in-line" rating on the stock in a research note on Friday, July 25th. Finally, Citigroup dropped their target price on Boston Beer from $285.00 to $230.00 and set a "buy" rating on the stock in a report on Tuesday, July 15th. Two investment 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 an average rating of "Hold" and a consensus price target of $258.09.

Boston Beer Stock Performance

SAM traded down $5.31 on Monday, hitting $218.33. 40,349 shares of the company were exchanged, compared to its average volume of 223,167. The Boston Beer Company, Inc. has a 12 month low of $185.34 and a 12 month high of $329.55. The company has a market cap of $2.43 billion, a PE ratio of 30.77, a PEG ratio of 1.91 and a beta of 0.84. The stock's fifty day moving average is $205.65 and its 200-day moving average is $224.93.

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

Insider Transactions at Boston Beer

In related news, VP Annette N. Fritsch sold 600 shares of the company's stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 26.10% of the company's stock.

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.