Russell Investments Group Ltd. Has $47,000 Holdings in The Boston Beer Company, Inc. $SAM

Key Points

• Russell Investments Group Ltd. significantly reduced its stake in The Boston Beer Company by 96.2%, selling 5,078 shares in the first quarter, leaving them with only 198 shares valued at $47,000.
• The Boston Beer Company reported quarterly earnings of $5.45 per share, exceeding estimates, with a revenue of $587.95 million, although slightly below the consensus of $599.18 million.
• Despite mixed performance, various analysts have downgraded Boston Beer, resulting in a consensus rating of "Hold" with a price target averaging $258.09.

Russell Investments Group Ltd. lessened its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 96.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 198 shares of the company's stock after selling 5,078 shares during the quarter. Russell Investments Group Ltd.'s holdings in Boston Beer were worth $47,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas grew its position in Boston Beer by 34.8% in the first quarter. Teacher Retirement System of Texas now owns 6,472 shares of the company's stock worth $1,546,000 after buying an additional 1,671 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Boston Beer by 51.8% in the 1st quarter. Wedge Capital Management L L P NC now owns 8,593 shares of the company's stock worth $2,052,000 after acquiring an additional 2,932 shares during the last quarter. Calamos Advisors LLC grew its holdings in shares of Boston Beer by 70.8% in the 1st quarter. Calamos Advisors LLC now owns 46,071 shares of the company's stock worth $11,004,000 after acquiring an additional 19,090 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Boston Beer by 7,861.2% in the 1st quarter. GAMMA Investing LLC now owns 10,270 shares of the company's stock worth $2,453,000 after acquiring an additional 10,141 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Boston Beer in the 1st quarter worth $394,000. Institutional investors and hedge funds own 81.13% of the company's stock.

Boston Beer Stock Performance

Shares of NYSE:SAM traded down $2.25 during midday trading on Tuesday, hitting $222.73. 128,217 shares of the stock were exchanged, compared to its average volume of 224,473. The Boston Beer Company, Inc. has a 52-week low of $185.34 and a 52-week high of $329.55. The business's fifty day simple moving average is $210.90 and its two-hundred day simple moving average is $224.17. The company has a market capitalization of $2.48 billion, a PE ratio of 31.41, a P/E/G ratio of 1.93 and a beta of 0.82.

Boston Beer (NYSE:SAM - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $5.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.37 by $1.08. Boston Beer had a return on equity of 15.15% and a net margin of 3.65%.The business had revenue of $587.95 million during the quarter, compared to analyst estimates of $599.18 million. During the same period last year, the company earned $4.39 earnings per share. Boston Beer's quarterly revenue was up 1.5% compared to the same quarter last year. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. As a group, equities analysts anticipate that The Boston Beer Company, Inc. will post 9.29 EPS for the current year.

Insider Activity

In related news, VP Annette N. Fritsch sold 600 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $219.24, for a total transaction of $131,544.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 26.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SAM shares. Evercore ISI decreased their target price 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. Sanford C. Bernstein set a $230.00 target price on Boston Beer and gave the stock a "market perform" rating in a report on Monday, July 28th. UBS Group decreased their target price on Boston Beer from $275.00 to $214.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Morgan Stanley lowered their price objective on shares of 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, The Goldman Sachs Group lowered their price objective on shares of Boston Beer from $219.00 to $187.00 and set a "sell" rating on the stock in a research report on Monday, June 23rd. Two research 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $258.09.

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.