Redwood Investment Management LLC Purchases 3,085 Shares of The Boston Beer Company, Inc. $SAM

Key Points

• Redwood Investment Management LLC has increased its stake in The Boston Beer Company by 25.1%, now owning 15,372 shares valued at approximately $3.67 million.
• Boston Beer reported a quarterly EPS of $5.45, exceeding estimates, but its revenue of $587.95 million fell short of analyst expectations.
• Analysts have varied targets for Boston Beer, with the consensus price target at $258.09 and a majority rating of "Hold."

Redwood Investment Management LLC raised its stake in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 25.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,372 shares of the company's stock after buying an additional 3,085 shares during the quarter. Redwood Investment Management LLC owned about 0.14% of Boston Beer worth $3,671,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SAM. Raymond James Financial Inc. bought a new position in Boston Beer in the fourth quarter valued at approximately $243,000. First Trust Advisors LP grew its position in Boston Beer by 17.4% in the fourth quarter. First Trust Advisors LP now owns 31,620 shares of the company's stock valued at $9,485,000 after purchasing an additional 4,681 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Boston Beer by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 225,762 shares of the company's stock valued at $67,723,000 after purchasing an additional 19,063 shares in the last quarter. MetLife Investment Management LLC grew its position in Boston Beer by 6.2% in the fourth quarter. MetLife Investment Management LLC now owns 4,929 shares of the company's stock valued at $1,479,000 after purchasing an additional 289 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Boston Beer by 59.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 618 shares of the company's stock valued at $185,000 after purchasing an additional 230 shares in the last quarter. Institutional investors own 81.13% of the company's stock.

Boston Beer Trading Up 2.3%

Shares of NYSE:SAM traded up $5.07 on Friday, hitting $221.48. The company had a trading volume of 287,631 shares, compared to its average volume of 236,152. The Boston Beer Company, Inc. has a 1-year low of $185.34 and a 1-year high of $329.55. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 1.84 and a beta of 0.84. The stock has a 50 day moving average price of $207.27 and a 200 day moving average price of $224.50.

Boston Beer (NYSE:SAM - Get Free Report) last released 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. Boston Beer had a net margin of 3.65% and a return on equity of 15.15%. The firm had revenue of $587.95 million for the quarter, compared to the consensus estimate of $599.18 million. During the same period in the previous year, the company earned $4.39 earnings per share. The company's quarterly 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. Sell-side analysts anticipate that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

Insider Activity 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 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 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 link. Company insiders own 26.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. UBS Group decreased their target price on shares of Boston Beer from $275.00 to $214.00 and set a "neutral" rating for the company in a research report on Thursday, July 17th. Sanford C. Bernstein set a $230.00 target price on shares of Boston Beer and gave the company a "market perform" rating in a research report on Monday, July 28th. Evercore ISI decreased their target price on shares of Boston Beer from $275.00 to $250.00 and set an "in-line" rating for the company in a research 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. Finally, 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. Two 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, the stock presently has an average rating of "Hold" and an average price target of $258.09.

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.