Envestnet Asset Management Inc. Cuts Position in The Boston Beer Company, Inc. $SAM

Envestnet Asset Management Inc. reduced its position in The Boston Beer Company, Inc. (NYSE:SAM) by 40.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,350 shares of the company’s stock after selling 2,902 shares during the period. Envestnet Asset Management Inc.’s holdings in Boston Beer were worth $920,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Qube Research & Technologies Ltd lifted its position in Boston Beer by 278.0% during the second quarter. Qube Research & Technologies Ltd now owns 112,507 shares of the company’s stock valued at $21,467,000 after buying an additional 82,742 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Boston Beer during the 2nd quarter valued at $12,795,000. Arrowstreet Capital Limited Partnership boosted its position in Boston Beer by 34.2% during the 2nd 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 period. Quantinno Capital Management LP increased its holdings in Boston Beer by 266.7% in the 2nd 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. Finally, American Century Companies Inc. raised its position in Boston Beer by 159.0% in the second quarter. American Century Companies Inc. now owns 90,652 shares of the company’s stock valued at $17,298,000 after purchasing an additional 55,645 shares during the period. Institutional investors and hedge funds own 81.13% of the company’s stock.

Boston Beer Trading Up 1.3%

Boston Beer stock opened at $226.06 on Wednesday. The Boston Beer Company, Inc. has a 52 week low of $185.34 and a 52 week high of $260.00. The stock has a market cap of $2.41 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 2.43 and a beta of 1.00. The stock has a 50 day moving average of $219.19 and a 200-day moving average of $214.01.

Boston Beer (NYSE:SAM) last posted its quarterly earnings results on Tuesday, February 24th. The company reported ($2.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.33) by $0.21. The firm had revenue of $385.68 million for the quarter, compared to analysts’ expectations of $381.75 million. Boston Beer had a net margin of 5.20% and a return on equity of 12.16%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the company posted ($1.68) earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-11.000 EPS. As a group, equities analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings downgraded Boston Beer from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 25th. Zacks Research downgraded shares of Boston Beer from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Morgan Stanley dropped their price objective on shares of Boston Beer from $245.00 to $235.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. Citigroup upped their target price on shares of Boston Beer from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Finally, UBS Group dropped their price target on shares of Boston Beer from $234.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Ten investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $233.31.

About Boston Beer

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.