Inscription Capital LLC Purchases 2,602 Shares of The Boston Beer Company, Inc. $SAM

Inscription Capital LLC boosted its position in The Boston Beer Company, Inc. (NYSE:SAM) by 192.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,954 shares of the company’s stock after purchasing an additional 2,602 shares during the period. Inscription Capital LLC’s holdings in Boston Beer were worth $836,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Quent Capital LLC purchased a new position in shares of Boston Beer in the third quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB raised its position in Boston Beer by 137.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 159 shares of the company’s stock worth $34,000 after acquiring an additional 92 shares during the period. GAMMA Investing LLC boosted 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 acquiring an additional 85 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Boston Beer by 606.1% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 233 shares of the company’s stock valued at $46,000 after acquiring an additional 200 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Boston Beer in the 2nd quarter worth $50,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Trading Up 5.3%

NYSE SAM opened at $217.69 on Wednesday. The Boston Beer Company, Inc. has a 12 month low of $185.34 and a 12 month high of $260.00. The stock has a market cap of $2.32 billion, a PE ratio of 25.67, a P/E/G ratio of 1.51 and a beta of 1.04. The stock’s 50 day moving average is $199.66 and its 200 day moving average is $209.27.

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

Analyst Ratings Changes

Several research firms recently weighed in on SAM. UBS Group lowered their target price on Boston Beer from $246.00 to $234.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Citigroup lowered their price objective on Boston Beer from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Piper Sandler reduced their target price on shares of Boston Beer from $230.00 to $220.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Boston Beer in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group dropped their price target on shares of Boston Beer from $230.00 to $225.00 and set a “hold” rating for the company in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $247.28.

Insider Buying and Selling

In other Boston Beer news, Director Michael Spillane sold 3,120 shares of the 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 transaction, the director owned 10,877 shares of the company’s stock, valued at $2,238,269.06. This represents a 22.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 26.10% of the stock is currently owned by insiders.

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.