Acadian Asset Management LLC Invests $12.80 Million in The Boston Beer Company, Inc. $SAM

Acadian Asset Management LLC acquired a new stake in The Boston Beer Company, Inc. (NYSE:SAM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 67,116 shares of the company’s stock, valued at approximately $12,795,000. Acadian Asset Management LLC owned 0.60% of Boston Beer at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SAM. Elequin Capital LP purchased a new stake in Boston Beer in the 1st quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Boston Beer in the first quarter worth $44,000. Signaturefd LLC increased its holdings in shares of Boston Beer by 483.7% in the first quarter. Signaturefd LLC now owns 251 shares of the company’s stock worth $60,000 after purchasing an additional 208 shares during the period. US Bancorp DE increased its holdings in shares of Boston Beer by 23.5% in the first quarter. US Bancorp DE now owns 336 shares of the company’s stock worth $80,000 after purchasing an additional 64 shares during the period. Finally, Plato Investment Management Ltd purchased a new stake in shares of Boston Beer in the first quarter worth $104,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Up 1.9%

Shares of Boston Beer stock opened at $205.17 on Wednesday. The company’s fifty day simple moving average is $217.79 and its two-hundred day simple moving average is $217.54. 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 $2.19 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 1.85 and a beta of 0.91.

Boston Beer (NYSE:SAM) last posted its earnings results on Thursday, October 23rd. The company reported $4.25 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.47. The company had revenue of $537.49 million during the quarter, compared to analyst estimates of $542.97 million. Boston Beer had a net margin of 4.38% and a return on equity of 12.29%. Boston Beer’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.86 earnings per share. Boston Beer has set its FY 2025 guidance at 7.800-9.800 EPS. As a group, sell-side analysts expect that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SAM has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Boston Beer in a research report on Wednesday, October 8th. Evercore ISI dropped 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. Morgan Stanley dropped 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. UBS Group increased their price target on shares of Boston Beer from $230.00 to $246.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Jefferies Financial Group dropped their price objective on shares of Boston Beer from $230.00 to $225.00 and set a “hold” rating for the company in a report on Tuesday, September 30th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Boston Beer currently has an average rating of “Reduce” and an average price target of $250.65.

Insiders Place Their Bets

In other news, Director Michael Spillane sold 3,120 shares of Boston Beer stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $205.78, for a total value of $642,033.60. Following the sale, the director directly owned 10,877 shares in the company, valued at approximately $2,238,269.06. This trade represents a 22.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 26.10% of the company’s stock.

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.