Claret Asset Management Corp Acquires Shares of 1,261 The Boston Beer Company, Inc. $SAM

Claret Asset Management Corp bought a new position in shares of The Boston Beer Company, Inc. (NYSE:SAM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,261 shares of the company’s stock, valued at approximately $241,000.

A number of other hedge funds also recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Boston Beer by 2.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,115 shares of the company’s stock worth $404,000 after buying an additional 58 shares in the last quarter. US Bancorp DE raised its position in shares of Boston Beer by 23.5% in the 1st quarter. US Bancorp DE now owns 336 shares of the company’s stock valued at $80,000 after buying an additional 64 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Boston Beer by 8.8% during the 1st quarter. Empowered Funds LLC now owns 1,207 shares of the company’s stock worth $288,000 after acquiring an additional 98 shares during the period. Signaturefd LLC boosted its position in shares of Boston Beer by 42.6% during the 2nd quarter. Signaturefd LLC now owns 358 shares of the company’s stock worth $68,000 after acquiring an additional 107 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Boston Beer by 24.7% in the second quarter. Allworth Financial LP now owns 565 shares of the company’s stock valued at $108,000 after acquiring an additional 112 shares during the last quarter. Institutional investors own 81.13% of the company’s stock.

Wall Street Analyst Weigh In

SAM has been the subject of several recent analyst reports. Piper Sandler cut their target price on Boston Beer from $230.00 to $220.00 and set a “neutral” rating for the company in a research note on Friday, November 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Boston Beer in a research report on Wednesday, October 8th. Jefferies Financial Group reduced their price objective 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. UBS Group boosted their target price on Boston Beer from $230.00 to $246.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Finally, Citigroup downgraded shares of Boston Beer from a “buy” rating to a “neutral” rating and reduced their price target for the company from $255.00 to $235.00 in a research note on Monday, October 6th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Boston Beer currently has a consensus rating of “Reduce” and a consensus price target of $249.74.

Insider Transactions at Boston Beer

In other news, Director Michael Spillane sold 3,120 shares of the firm’s stock in a transaction on 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 approximately $2,238,269.06. This trade represents a 22.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 26.10% of the company’s stock.

Boston Beer Trading Up 1.0%

Boston Beer stock opened at $196.78 on Tuesday. The stock has a 50-day moving average price of $210.56 and a two-hundred day moving average price of $212.89. The Boston Beer Company, Inc. has a 12 month low of $185.34 and a 12 month high of $323.98. The company has a market capitalization of $2.10 billion, a PE ratio of 23.21, a P/E/G ratio of 1.85 and a beta of 0.91.

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. The company had revenue of $537.49 million during the quarter, compared to the consensus estimate of $542.97 million. Boston Beer had a return on equity of 12.29% and a net margin of 4.38%.The firm’s revenue was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.86 earnings per share. Boston Beer has set its FY 2025 guidance at 7.800-9.800 EPS. As a group, analysts predict that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

About Boston Beer

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.