Signaturefd LLC Grows Stock Position in The Boston Beer Company, Inc. $SAM

Signaturefd LLC raised its position in The Boston Beer Company, Inc. (NYSE:SAM) by 42.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 358 shares of the company’s stock after buying an additional 107 shares during the quarter. Signaturefd LLC’s holdings in Boston Beer were worth $68,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Rossby Financial LCC bought a new position in shares of Boston Beer during the 1st quarter worth $25,000. Elequin Capital LP purchased a new stake in Boston Beer during the first quarter valued at about $30,000. Caitong International Asset Management Co. Ltd bought a new position in Boston Beer during the first quarter worth about $44,000. First Horizon Advisors Inc. boosted its position in Boston Beer by 24.4% during the first quarter. First Horizon Advisors Inc. now owns 214 shares of the company’s stock worth $51,000 after purchasing an additional 42 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Boston Beer by 602.4% in the first quarter. Farther Finance Advisors LLC now owns 295 shares of the company’s stock worth $72,000 after purchasing an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Up 1.7%

Shares of SAM stock opened at $226.95 on Monday. The business has a 50-day moving average price of $218.82 and a two-hundred day moving average price of $222.25. The Boston Beer Company, Inc. has a 12-month low of $185.34 and a 12-month high of $329.55. The firm has a market cap of $2.53 billion, a P/E ratio of 32.01, a price-to-earnings-growth ratio of 1.93 and a beta of 0.83.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, July 24th. The company reported $5.45 EPS for the quarter, beating the consensus estimate of $4.37 by $1.08. The firm had revenue of $587.95 million for 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 company’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.39 EPS. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. As a group, research analysts expect that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.

Insider Buying and Selling at Boston Beer

In other news, VP Annette N. Fritsch sold 600 shares of the company’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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 26.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. The Goldman Sachs Group dropped their price target on shares of Boston Beer from $219.00 to $187.00 and set a “sell” rating on the stock in a research note on Monday, June 23rd. Jefferies Financial Group dropped their target price on Boston Beer from $230.00 to $225.00 and set a “hold” rating on the stock in a research report on Tuesday, September 30th. UBS Group cut their price target on Boston Beer from $275.00 to $214.00 and set a “neutral” rating for the company in a report on Thursday, July 17th. Evercore ISI reduced their price target on 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, Citigroup dropped their price objective on Boston Beer from $285.00 to $230.00 and set a “buy” rating on the stock in a report on Tuesday, July 15th. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Boston Beer currently has a consensus rating of “Hold” and a consensus target price of $249.76.

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.