The Boston Beer Company, Inc. $SAM Shares Sold by Russell Investments Group Ltd.

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. cut its holdings in The Boston Beer Company, Inc. (NYSE:SAM - Free Report) by 96.2% in the first quarter, according to the company in 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 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Boston Beer during the fourth quarter valued at approximately $243,000. Hsbc Holdings PLC raised its position in shares of Boston Beer by 33.8% in the 4th quarter. Hsbc Holdings PLC now owns 1,442 shares of the company's stock worth $433,000 after acquiring an additional 364 shares in the last quarter. Northern Trust Corp boosted its position in Boston Beer by 21.8% during the fourth quarter. Northern Trust Corp now owns 80,632 shares of the company's stock valued at $24,188,000 after purchasing an additional 14,458 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Boston Beer in the fourth quarter valued at about $386,000. Finally, Algert Global LLC raised its holdings in Boston Beer by 16.9% in the fourth quarter. Algert Global LLC now owns 5,906 shares of the company's stock worth $1,772,000 after purchasing an additional 853 shares in the last quarter. Hedge funds and other institutional investors own 81.13% of the company's stock.

Boston Beer Stock Down 1.6%

Shares of SAM traded down $3.50 during trading hours on Wednesday, reaching $219.50. 294,348 shares of the company traded hands, compared to its average volume of 208,913. The business has a fifty day moving average price of $211.65 and a 200-day moving average price of $224.12. The Boston Beer Company, Inc. has a 12-month low of $185.34 and a 12-month high of $329.55. The stock has a market capitalization of $2.45 billion, a P/E ratio of 30.96, a P/E/G ratio of 1.90 and a beta of 0.82.

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

Insider Transactions at Boston Beer

In other Boston Beer 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 sale, the vice president directly owned 9,715 shares in the company, valued at approximately $2,129,916.60. The trade was a 5.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 26.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on SAM shares. The Goldman Sachs Group lowered their price target on shares of Boston Beer from $219.00 to $187.00 and set a "sell" rating on the stock in a report on Monday, June 23rd. Citigroup lowered their target price on shares of Boston Beer from $285.00 to $230.00 and set a "buy" rating for the company in a research note on Tuesday, July 15th. Morgan Stanley cut their price target on shares of Boston Beer from $270.00 to $245.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Wall Street Zen lowered Boston Beer from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, UBS Group dropped their target price on Boston Beer from $275.00 to $214.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average 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.