American Century Companies Inc. Has $17.30 Million Holdings in The Boston Beer Company, Inc. $SAM

American Century Companies Inc. lifted its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 159.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,652 shares of the company’s stock after acquiring an additional 55,645 shares during the period. American Century Companies Inc. owned approximately 0.81% of Boston Beer worth $17,298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SAM. Franklin Resources Inc. boosted its stake in Boston Beer by 32.7% in the 2nd quarter. Franklin Resources Inc. now owns 24,133 shares of the company’s stock worth $4,605,000 after purchasing an additional 5,943 shares during the period. Legal & General Group Plc lifted its holdings in shares of Boston Beer by 2.0% in the second quarter. Legal & General Group Plc now owns 14,628 shares of the company’s stock valued at $2,791,000 after purchasing an additional 281 shares in the last quarter. Magnetar Financial LLC boosted its position in shares of Boston Beer by 1,704.8% during the second quarter. Magnetar Financial LLC now owns 18,012 shares of the company’s stock worth $3,437,000 after buying an additional 17,014 shares during the period. TD Waterhouse Canada Inc. grew its holdings in shares of Boston Beer by 606.1% during the second quarter. TD Waterhouse Canada Inc. now owns 233 shares of the company’s stock worth $46,000 after buying an additional 200 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of Boston Beer by 14.8% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 9,382 shares of the company’s stock worth $1,790,000 after buying an additional 1,209 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Boston Beer

In related news, Director Michael Spillane sold 3,120 shares of the business’s stock in a transaction 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 completion of the sale, the director directly owned 10,877 shares in the company, valued at $2,238,269.06. The trade was a 22.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 26.10% of the stock is owned by company insiders.

Boston Beer Stock Performance

Shares of SAM opened at $194.87 on Wednesday. The firm has a market cap of $2.08 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06. The Boston Beer Company, Inc. has a 52 week low of $185.34 and a 52 week high of $323.98. The firm’s 50-day simple moving average is $210.14 and its 200 day simple moving average is $212.50.

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

Analyst Ratings Changes

A number of research firms have weighed in on SAM. UBS Group upped their price target on Boston Beer from $230.00 to $246.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Citigroup lowered shares of Boston Beer from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $255.00 to $235.00 in a research report on Monday, October 6th. Jefferies Financial Group reduced their target price 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. Piper Sandler lowered their price target on shares of Boston Beer from $230.00 to $220.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Boston Beer in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Boston Beer has a consensus rating of “Reduce” and an average price target of $249.74.

Boston Beer 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.