Pacer Advisors Inc. Reduces Stock Position in The Boston Beer Company, Inc. $SAM

Pacer Advisors Inc. decreased its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 6.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,839 shares of the company’s stock after selling 3,084 shares during the quarter. Pacer Advisors Inc. owned 0.42% of Boston Beer worth $9,903,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. California State Teachers Retirement System raised its holdings in Boston Beer by 0.7% during the second quarter. California State Teachers Retirement System now owns 8,414 shares of the company’s stock worth $1,605,000 after purchasing an additional 57 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Boston Beer by 2.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,115 shares of the company’s stock valued at $404,000 after buying an additional 58 shares in the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of Boston Beer by 5.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,192 shares of the company’s stock worth $227,000 after buying an additional 60 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Boston Beer by 81.7% during the 3rd quarter. GAMMA Investing LLC now owns 189 shares of the company’s stock worth $40,000 after buying an additional 85 shares during the last quarter. Finally, 1620 Investment Advisors Inc. boosted its position in shares of Boston Beer by 10.1% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 1,004 shares of the company’s stock worth $212,000 after buying an additional 92 shares in the last quarter. Institutional investors and hedge funds own 81.13% of the company’s stock.

Insider Buying and Selling

In other Boston Beer news, Director Michael Spillane sold 3,120 shares of Boston Beer stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available through this link. 26.10% of the stock is owned by company insiders.

Boston Beer Stock Performance

SAM stock opened at $197.17 on Monday. The company has a 50 day moving average price of $202.14 and a two-hundred day moving average price of $208.63. The stock has a market capitalization of $2.10 billion, a P/E ratio of 23.25, a PEG ratio of 1.71 and a beta of 1.06. The Boston Beer Company, Inc. has a one year low of $185.34 and a one year high of $305.20.

Boston Beer (NYSE:SAM) last issued its quarterly 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 for the quarter, compared to analyst estimates of $542.97 million. Boston Beer had a return on equity of 12.29% and a net margin of 4.38%.The business’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.86 EPS. Boston Beer has set its FY 2025 guidance at 7.800-9.800 EPS. Research analysts forecast that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SAM. UBS Group raised their target price on shares of Boston Beer from $230.00 to $246.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of Boston Beer in a research note on Wednesday, October 8th. Jefferies Financial Group reduced their target price on Boston Beer from $230.00 to $225.00 and set a “hold” rating on the stock in a research note on Tuesday, September 30th. Piper Sandler dropped their price target on Boston Beer from $230.00 to $220.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Finally, Citigroup cut their price target on Boston Beer from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $248.37.

Boston Beer Company Profile

The Boston Beer Company, Inc (NYSE: SAM) is a leading craft brewer headquartered in Boston, Massachusetts. Since its founding in 1984 by Jim Koch, the company has focused on producing high-quality, distinctive beers and beverages for retail, on-premise, and distribution partners across the United States. Its operations include brewing, packaging, marketing and distribution, supported by a network of wholly owned brewing facilities and strategic partnerships with regional breweries.

Boston Beer’s flagship brand, Samuel Adams Boston Lager, helped establish the modern U.S.