Algert Global LLC Purchases 7,280 Shares of 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 boosted its position in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 123.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,186 shares of the company's stock after acquiring an additional 7,280 shares during the quarter. Algert Global LLC owned 0.12% of Boston Beer worth $3,149,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Rossby Financial LCC bought a new position in shares of Boston Beer during the first quarter valued at about $25,000. GeoWealth Management LLC bought a new position in shares of Boston Beer during the fourth quarter valued at about $35,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Boston Beer during the first quarter valued at about $44,000. First Horizon Advisors Inc. grew its stake in shares of Boston Beer by 24.4% during the first quarter. First Horizon Advisors Inc. now owns 214 shares of the company's stock valued at $51,000 after buying an additional 42 shares during the last quarter. Finally, True Wealth Design LLC grew its stake in shares of Boston Beer by 44.1% during the fourth quarter. True Wealth Design LLC now owns 232 shares of the company's stock valued at $70,000 after buying an additional 71 shares during the last quarter. Institutional investors own 81.13% of the company's stock.

Insider Activity

In other news, VP Annette N. Fritsch sold 600 shares of Boston Beer stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $219.24, for a total transaction of $131,544.00. Following the completion of the transaction, the vice president directly owned 9,715 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.10% of the company's stock.

Analysts Set New Price Targets

SAM has been the subject of a number of analyst reports. Evercore ISI dropped 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 report on Friday, July 25th. Morgan Stanley dropped their target price on shares of Boston Beer from $270.00 to $245.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Needham & Company LLC reiterated a "hold" rating on shares of Boston Beer in a report on Friday, April 25th. Citigroup dropped their target price on shares of Boston Beer from $285.00 to $230.00 and set a "buy" rating for the company in a report on Tuesday, July 15th. Finally, UBS Group dropped their target price on shares of Boston Beer from $275.00 to $214.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $258.09.

Boston Beer Price Performance

SAM traded up $5.5930 on Friday, hitting $223.8030. The company had a trading volume of 157,645 shares, compared to its average volume of 291,246. The Boston Beer Company, Inc. has a 52-week low of $185.34 and a 52-week high of $329.55. The stock has a fifty day simple moving average of $205.65 and a 200-day simple moving average of $225.05. The firm has a market capitalization of $2.50 billion, a P/E ratio of 31.57, a P/E/G ratio of 1.91 and a beta of 0.84.

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, 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 during the quarter, compared to analyst estimates of $599.18 million. During the same period last year, the business earned $4.39 earnings per share. The business'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. Equities research analysts expect that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

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.