Vanguard Group Inc. Raises Stock Holdings in The Boston Beer Company, Inc. $SAM

Key Points

• Vanguard Group Inc. increased its stake in The Boston Beer Company by 1.8%, owning about 7.76% of the company, valued at approximately $206.7 million as of its latest SEC filing.
• During the 4th quarter, other institutional investors like Barclays PLC and Sterling Capital Management significantly increased their positions in Boston Beer, indicating growing institutional interest in the stock.
• Boston Beer reported a $5.45 earnings per share for the last quarter, exceeding estimates by $1.08, despite a slight revenue decrease compared to analyst expectations.

Vanguard Group Inc. boosted its position in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 865,251 shares of the company's stock after purchasing an additional 15,563 shares during the quarter. Vanguard Group Inc. owned approximately 7.76% of Boston Beer worth $206,657,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. New Age Alpha Advisors LLC boosted its position in Boston Beer by 74.4% during the first quarter. New Age Alpha Advisors LLC now owns 1,240 shares of the company's stock worth $296,000 after purchasing an additional 529 shares in the last quarter. US Bancorp DE boosted its position in Boston Beer by 23.5% during the first quarter. US Bancorp DE now owns 336 shares of the company's stock worth $80,000 after purchasing an additional 64 shares in the last quarter. Bayforest Capital Ltd boosted its position in Boston Beer by 576.3% during the first quarter. Bayforest Capital Ltd now owns 1,826 shares of the company's stock worth $436,000 after purchasing an additional 1,556 shares in the last quarter. Mackenzie Financial Corp boosted its position in Boston Beer by 17.2% during the first quarter. Mackenzie Financial Corp now owns 1,625 shares of the company's stock worth $388,000 after purchasing an additional 239 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in Boston Beer by 10.5% during the first quarter. Cetera Investment Advisers now owns 1,402 shares of the company's stock worth $335,000 after purchasing an additional 133 shares in the last quarter. 81.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SAM shares. Sanford C. Bernstein set a $230.00 target price on Boston Beer and gave the stock a "market perform" rating in a research report on Monday, July 28th. Evercore ISI reduced their price objective on Boston Beer from $275.00 to $250.00 and set an "in-line" rating on the stock in a research report on Friday, July 25th. UBS Group reduced their price objective on Boston Beer from $275.00 to $214.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. Morgan Stanley reduced their price objective on Boston Beer from $270.00 to $245.00 and set an "equal weight" rating on the stock in a research report on Friday, July 25th. Finally, Needham & Company LLC restated a "hold" rating on shares of Boston Beer in a research report on Friday, April 25th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $258.09.

Insider Activity

In other news, VP Annette N. Fritsch sold 600 shares of the stock in a transaction dated Friday, August 8th. The stock was 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 26.10% of the company's stock.

Boston Beer Stock Performance

Boston Beer stock traded up $5.5930 during trading on Friday, hitting $223.8030. The company's stock had a trading volume of 157,645 shares, compared to its average volume of 291,246. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 1.86 and a beta of 0.84. The stock's fifty day moving average is $205.65 and its 200 day moving average is $225.19. 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 released its earnings results on Thursday, July 24th. The company reported $5.45 EPS for the quarter, beating the consensus estimate of $4.37 by $1.08. The firm had revenue of $587.95 million during 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%.The business's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.39 earnings per share. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. On average, research analysts anticipate that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.

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.