Calamos Advisors LLC Has $13.82 Million Stake in The Boston Beer Company, Inc. $SAM

Calamos Advisors LLC lifted its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 12.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,364 shares of the company’s stock after buying an additional 7,035 shares during the period. Calamos Advisors LLC owned about 0.59% of Boston Beer worth $13,819,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SAM. Millennium Management LLC lifted its stake in Boston Beer by 97.3% in the 1st quarter. Millennium Management LLC now owns 185,898 shares of the company’s stock valued at $44,400,000 after acquiring an additional 91,667 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Boston Beer by 278.0% in the second quarter. Qube Research & Technologies Ltd now owns 112,507 shares of the company’s stock valued at $21,467,000 after purchasing an additional 82,742 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Boston Beer in the second quarter worth $12,795,000. Arrowstreet Capital Limited Partnership boosted its holdings in Boston Beer by 34.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 239,109 shares of the company’s stock worth $45,624,000 after purchasing an additional 60,880 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in Boston Beer by 266.7% in the second quarter. Quantinno Capital Management LP now owns 77,337 shares of the company’s stock valued at $14,757,000 after purchasing an additional 56,248 shares in the last quarter. 81.13% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Michael Spillane sold 3,120 shares of Boston Beer stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $205.78, for a total transaction of $642,033.60. Following the completion of the sale, the director owned 10,877 shares of the company’s stock, valued at approximately $2,238,269.06. The trade was a 22.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 26.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SAM. Piper Sandler reduced their price objective on shares of Boston Beer from $230.00 to $220.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Jefferies Financial Group reduced their price target on Boston Beer from $230.00 to $225.00 and set a “hold” rating for the company in a research report on Tuesday, September 30th. UBS Group raised their price target on Boston Beer from $230.00 to $246.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boston Beer in a research note on Wednesday, October 8th. Finally, Citigroup decreased their target price on shares of Boston Beer from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. One 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 presently has an average rating of “Reduce” and an average target price of $248.37.

Boston Beer Trading Up 0.0%

Shares of NYSE SAM opened at $197.70 on Wednesday. The company has a market capitalization of $2.11 billion, a P/E ratio of 23.31, a P/E/G ratio of 1.72 and a beta of 1.06. The Boston Beer Company, Inc. has a 12 month low of $185.34 and a 12 month high of $302.68. The stock has a 50 day moving average of $201.28 and a 200-day moving average of $208.43.

Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $4.25 earnings per share for the quarter, beating 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 business had revenue of $537.49 million for the quarter, compared to analysts’ expectations of $542.97 million. During the same quarter in the prior year, the business earned $2.86 EPS. The firm’s revenue for the quarter was down 11.2% on a year-over-year basis. Boston Beer has set its FY 2025 guidance at 7.800-9.800 EPS. Analysts predict that The Boston Beer Company, Inc. will post 9.29 EPS for the current fiscal year.

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.