Algert Global LLC Has $3.15 Million Position in The Boston Beer Company, Inc. $SAM

Key Points

• Algert Global LLC increased its stake in The Boston Beer Company by 123.3%, owning 13,186 shares valued at approximately $3.15 million as of its latest SEC filing.
• Boston Beer reported earnings of $5.45 per share for the last quarter, exceeding analysts' expectations by $1.08, even though revenue slightly fell short of estimates at $587.95 million.
• Insider trading activity included VP Annette N. Fritsch selling 600 shares for over $131,000, reducing her stake to approximately 9,715 shares valued at around $2.13 million.

Algert Global LLC lifted its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 123.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 13,186 shares of the company's stock after purchasing an additional 7,280 shares during the period. Algert Global LLC owned 0.12% of Boston Beer worth $3,149,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Rossby Financial LCC bought a new stake in shares of Boston Beer during the first quarter worth $25,000. GeoWealth Management LLC bought a new stake in shares of Boston Beer during the fourth quarter worth $35,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Boston Beer during the first quarter worth $44,000. First Horizon Advisors Inc. boosted its holdings in Boston Beer by 24.4% in the first quarter. First Horizon Advisors Inc. now owns 214 shares of the company's stock valued at $51,000 after acquiring an additional 42 shares during the last quarter. Finally, True Wealth Design LLC boosted its holdings in Boston Beer by 44.1% in the fourth quarter. True Wealth Design LLC now owns 232 shares of the company's stock valued at $70,000 after acquiring an additional 71 shares during the last quarter. Institutional investors own 81.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SAM shares. The Goldman Sachs Group decreased their price target on Boston Beer from $219.00 to $187.00 and set a "sell" rating on the stock in a report on Monday, June 23rd. Sanford C. Bernstein set a $230.00 price target on Boston Beer and gave the company a "market perform" rating in a report on Monday, July 28th. Evercore ISI decreased their price target on Boston Beer from $275.00 to $250.00 and set an "in-line" rating on the stock in a report on Friday, July 25th. Morgan Stanley decreased their price target on Boston Beer from $270.00 to $245.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Finally, Citigroup decreased their price target 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 given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $258.09.

Boston Beer Trading Down 0.4%

Shares of NYSE SAM traded down $0.78 during mid-day trading on Tuesday, reaching $216.52. 178,994 shares of the company's stock were exchanged, compared to its average volume of 258,059. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 1.85 and a beta of 0.84. The business has a fifty day simple moving average of $206.07 and a 200 day simple moving average of $224.72. The Boston Beer Company, Inc. has a twelve month low of $185.34 and a twelve month high of $329.55.

Boston Beer (NYSE:SAM - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $5.45 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 15.15% and a net margin of 3.65%.Boston Beer's revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.39 earnings per share. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. Equities research analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

Insider Activity at Boston Beer

In other news, VP Annette N. Fritsch sold 600 shares of the firm'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 of the company's stock, valued at $2,129,916.60. This trade represents a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 26.10% of the stock is currently owned by corporate insiders.

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.