The Boston Beer Company, Inc. $SAM Shares Sold by Profit Investment Management LLC

Key Points

• Profit Investment Management LLC reduced its stake in The Boston Beer Company by 57.4% during the second quarter, now holding 1,378 shares valued at approximately $263,000.
• Several research analysts have lowered their price targets for Boston Beer, with Goldman Sachs reducing its target from $219 to $187 and rating the stock as a "sell."
• Boston Beer reported earnings of $5.45 EPS for the last quarter, surpassing estimates, and has set its FY 2025 guidance between 8.000-10.500 EPS.

Profit Investment Management LLC trimmed its holdings in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 57.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,378 shares of the company's stock after selling 1,857 shares during the quarter. Profit Investment Management LLC's holdings in Boston Beer were worth $263,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Diversified Trust Co bought a new position in Boston Beer in the 2nd quarter valued at $313,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Boston Beer by 28.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,022 shares of the company's stock worth $407,000 after purchasing an additional 448 shares during the last quarter. Parallel Advisors LLC increased its stake in Boston Beer by 34.1% in the 2nd quarter. Parallel Advisors LLC now owns 673 shares of the company's stock worth $128,000 after buying an additional 171 shares during the period. Voya Investment Management LLC lifted its holdings in Boston Beer by 29.1% during the 1st quarter. Voya Investment Management LLC now owns 6,713 shares of the company's stock valued at $1,603,000 after buying an additional 1,513 shares in the last quarter. Finally, Intech Investment Management LLC lifted its holdings in Boston Beer by 300.6% during the 1st quarter. Intech Investment Management LLC now owns 8,097 shares of the company's stock valued at $1,934,000 after buying an additional 6,076 shares in the last quarter. Hedge funds and other institutional investors own 81.13% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SAM shares. Evercore ISI decreased their price target on shares of Boston Beer from $275.00 to $250.00 and set an "in-line" rating for the company in a research note on Friday, July 25th. Wall Street Zen downgraded shares of Boston Beer from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Morgan Stanley decreased their price target on shares of Boston Beer from $270.00 to $245.00 and set an "equal weight" rating for the company in a research note on Friday, July 25th. Citigroup cut their price target on Boston Beer from $285.00 to $230.00 and set a "buy" rating on the stock in a research note on Tuesday, July 15th. Finally, Sanford C. Bernstein set a $230.00 price target on Boston Beer and gave the company a "market perform" rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $258.09.

Insiders Place Their Bets

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

Boston Beer Stock Down 3.4%

SAM stock traded down $7.60 during trading on Monday, hitting $215.64. 341,637 shares of the company's stock traded hands, compared to its average volume of 226,338. The firm has a market capitalization of $2.40 billion, a P/E ratio of 30.42, a PEG ratio of 1.90 and a beta of 0.82. The business has a fifty day simple moving average of $214.88 and a two-hundred day simple moving average of $223.00. The Boston Beer Company, Inc. has a 1 year low of $185.34 and a 1 year high of $329.55.

Boston Beer (NYSE:SAM - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $5.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.37 by $1.08. The company had revenue of $587.95 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last 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, equities research analysts predict that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.

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.