The Boston Beer Company, Inc. $SAM Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in The Boston Beer Company, Inc. (NYSE:SAM) by 64.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 470 shares of the company’s stock after selling 862 shares during the period. PNC Financial Services Group Inc.’s holdings in Boston Beer were worth $112,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Horizon Advisors Inc. grew its position in Boston Beer by 24.4% in the 1st quarter. First Horizon Advisors Inc. now owns 214 shares of the company’s stock valued at $51,000 after buying an additional 42 shares in the last quarter. Lazard Asset Management LLC grew its position in Boston Beer by 10.3% in the 4th quarter. Lazard Asset Management LLC now owns 515 shares of the company’s stock valued at $153,000 after buying an additional 48 shares in the last quarter. Cetera Investment Advisers grew its position in Boston Beer by 4.6% in the 4th quarter. Cetera Investment Advisers now owns 1,269 shares of the company’s stock valued at $381,000 after buying an additional 56 shares in the last quarter. US Bancorp DE grew its position in Boston Beer by 23.5% in the 1st quarter. US Bancorp DE now owns 336 shares of the company’s stock valued at $80,000 after buying an additional 64 shares in the last quarter. Finally, Bank of Montreal Can grew its position in Boston Beer by 7.3% in the 4th quarter. Bank of Montreal Can now owns 1,001 shares of the company’s stock valued at $300,000 after buying an additional 68 shares in the last quarter. Institutional investors own 81.13% of the company’s stock.

Insider Buying and Selling at Boston Beer

In other news, VP Annette N. Fritsch sold 600 shares of the business’s stock in a transaction on Friday, August 8th. The shares were 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 directly owned 9,715 shares in the company, valued at approximately $2,129,916.60. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 26.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SAM shares. Royal Bank Of Canada restated a “sector perform” rating and set a $279.00 price objective on shares of Boston Beer in a research report on Tuesday, April 22nd. Cfra Research upgraded shares of Boston Beer from a “moderate sell” rating to a “moderate buy” rating in a research report on Thursday, April 24th. Evercore ISI reduced their price objective 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. Sanford C. Bernstein set a $230.00 price objective on shares of Boston Beer and gave the company a “market perform” rating in a research report on Monday, July 28th. Finally, Wall Street Zen lowered shares of Boston Beer from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Two 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $258.09.

Boston Beer Stock Performance

SAM stock opened at $223.0480 on Wednesday. The stock has a market cap of $2.49 billion, a P/E ratio of 31.46, a P/E/G ratio of 1.84 and a beta of 0.84. The firm has a 50 day simple moving average of $205.17 and a 200 day simple moving average of $225.57. The Boston Beer Company, Inc. has a 52 week low of $185.34 and a 52 week high of $329.55.

Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Thursday, July 24th. The company reported $5.45 EPS for the quarter, topping the consensus estimate of $4.37 by $1.08. The business had revenue of $587.95 million during the quarter, compared to analysts’ expectations of $599.18 million. Boston Beer had a net margin of 3.65% and a return on equity of 15.15%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company posted $4.39 earnings per share. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. Sell-side analysts predict that The Boston Beer Company, Inc. will post 9.29 EPS for the current 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.