Vanguard Group Inc. Buys 15,563 Shares of 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. raised its position in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 865,251 shares of the company's stock after acquiring an additional 15,563 shares during the period. Vanguard Group Inc. owned about 7.76% of Boston Beer worth $206,657,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its holdings in Boston Beer by 4.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 703,480 shares of the company's stock valued at $211,030,000 after acquiring an additional 29,412 shares in the last quarter. AQR Capital Management LLC raised its position in Boston Beer by 19.8% in the fourth quarter. AQR Capital Management LLC now owns 422,217 shares of the company's stock worth $125,821,000 after purchasing an additional 69,778 shares in the last quarter. Dimensional Fund Advisors LP raised 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 worth $67,723,000 after purchasing an additional 19,063 shares in the last quarter. Southernsun Asset Management LLC raised its position in Boston Beer by 1.6% in the fourth quarter. Southernsun Asset Management LLC now owns 121,972 shares of the company's stock worth $36,589,000 after purchasing an additional 1,864 shares in the last quarter. Finally, J. Goldman & Co LP raised its position in Boston Beer by 251.8% in the fourth quarter. J. Goldman & Co LP now owns 119,687 shares of the company's stock worth $35,904,000 after purchasing an additional 85,669 shares in the last quarter. Institutional investors and hedge funds own 81.13% of the company's stock.

Insider Activity at Boston Beer

In other news, VP Annette N. Fritsch sold 600 shares of the 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 sale, the vice president directly owned 9,715 shares of the company's stock, valued at $2,129,916.60. This 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 available through this link. 26.10% of the stock is owned by company insiders.

Boston Beer Stock Performance

Shares of NYSE SAM traded down $6.2590 during mid-day trading on Monday, hitting $217.3810. 189,803 shares of the stock were exchanged, compared to its average volume of 267,018. The company has a market cap of $2.42 billion, a P/E ratio of 30.66, a PEG ratio of 1.91 and a beta of 0.84. The stock's fifty day simple moving average is $205.85 and its two-hundred day simple moving average is $224.78. 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 posted its quarterly earnings data on Thursday, July 24th. The company reported $5.45 earnings per share for the quarter, topping the consensus estimate of $4.37 by $1.08. The company had revenue of $587.95 million during 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%. The company's revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $4.39 earnings per share. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. As a group, equities research analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Morgan Stanley dropped 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 report on Friday, July 25th. Wall Street Zen lowered shares of Boston Beer from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Evercore ISI dropped 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 report on Friday, July 25th. UBS Group dropped their price target 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. Finally, Citigroup dropped their price target on shares of Boston Beer from $285.00 to $230.00 and set a "buy" rating for the company in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Boston Beer has a consensus rating of "Hold" and an average price target of $258.09.

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.