Parallel Advisors LLC Has $128,000 Position in The Boston Beer Company, Inc. $SAM

Parallel Advisors LLC grew its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 34.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 673 shares of the company’s stock after acquiring an additional 171 shares during the quarter. Parallel Advisors LLC’s holdings in Boston Beer were worth $128,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. First Horizon Advisors Inc. boosted its position in shares of Boston Beer by 24.4% in the first quarter. First Horizon Advisors Inc. now owns 214 shares of the company’s stock valued at $51,000 after acquiring an additional 42 shares during the period. Cetera Investment Advisers boosted its position in shares of Boston Beer by 4.6% in the fourth quarter. Cetera Investment Advisers now owns 1,269 shares of the company’s stock valued at $381,000 after acquiring an additional 56 shares during the period. US Bancorp DE boosted its position in shares of Boston Beer by 23.5% in the first quarter. US Bancorp DE now owns 336 shares of the company’s stock valued at $80,000 after acquiring an additional 64 shares during the period. Principal Financial Group Inc. boosted its position in shares of Boston Beer by 0.4% in the first quarter. Principal Financial Group Inc. now owns 19,912 shares of the company’s stock valued at $4,756,000 after acquiring an additional 79 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of Boston Beer by 35.7% in the first quarter. UMB Bank n.a. now owns 331 shares of the company’s stock valued at $79,000 after acquiring an additional 87 shares during the period. Institutional investors own 81.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SAM. Morgan Stanley reduced their target price 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. The Goldman Sachs Group cut their price objective on shares of Boston Beer from $219.00 to $187.00 and set a “sell” rating for the company in a research report on Monday, June 23rd. Citigroup cut their price objective 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. Evercore ISI cut 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. Finally, Wall Street Zen cut shares of Boston Beer from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $258.09.

Boston Beer Price Performance

Shares of NYSE SAM opened at $216.07 on Wednesday. The company has a 50 day simple moving average of $215.85 and a 200 day simple moving average of $222.79. The firm has a market cap of $2.41 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 1.84 and a beta of 0.82. 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) last issued its quarterly earnings data on Thursday, July 24th. The company reported $5.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.37 by $1.08. The business 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 firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business earned $4.39 EPS. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. As a group, research analysts anticipate that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Boston Beer 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 completion of the sale, the vice president owned 9,715 shares of the company’s stock, valued at approximately $2,129,916.60. This represents a 5.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 26.10% of the company’s stock.

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.