Oak Thistle LLC Acquires 5,732 Shares of The Boston Beer Company, Inc. $SAM

Oak Thistle LLC lifted its holdings in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 540.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,793 shares of the company’s stock after acquiring an additional 5,732 shares during the quarter. Oak Thistle LLC owned approximately 0.06% of Boston Beer worth $1,436,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SAM. Millennium Management LLC lifted its holdings in Boston Beer by 97.3% during the 1st quarter. Millennium Management LLC now owns 185,898 shares of the company’s stock valued at $44,400,000 after purchasing an additional 91,667 shares during the last quarter. Armistice Capital LLC raised its position in shares of Boston Beer by 72.7% in the first quarter. Armistice Capital LLC now owns 210,553 shares of the company’s stock valued at $50,288,000 after purchasing an additional 88,624 shares during the period. Qube Research & Technologies Ltd raised its position 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 period. Acadian Asset Management LLC acquired a new stake in shares of Boston Beer during the 2nd quarter worth about $12,795,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of 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 buying an additional 60,880 shares during the period. 81.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SAM shares. Citigroup decreased their price target on shares of Boston Beer from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday. UBS Group upped their target price on Boston Beer from $230.00 to $246.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. 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 report 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 note on Tuesday, September 30th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Boston Beer in a research report on Wednesday, October 8th. One equities research 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.com, the stock presently has a consensus rating of “Reduce” and an average target price of $248.37.

Boston Beer Trading Down 1.8%

Shares of SAM stock opened at $197.84 on Thursday. The stock has a market cap of $2.11 billion, a P/E ratio of 23.33, a price-to-earnings-growth ratio of 1.75 and a beta of 1.06. The Boston Beer Company, Inc. has a 1 year low of $185.34 and a 1 year high of $310.53. The stock has a 50 day simple moving average of $205.64 and a 200 day simple moving average of $209.86.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $4.25 EPS for the quarter, topping analysts’ consensus estimates of $3.78 by $0.47. The firm 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 company’s revenue was down 11.2% on a year-over-year basis. During the same quarter last year, the company earned $2.86 EPS. Boston Beer has set its FY 2025 guidance at 7.800-9.800 EPS. Analysts forecast that The Boston Beer Company, Inc. will post 9.29 EPS for the current year.

Insider Activity at Boston Beer

In related news, Director Michael Spillane sold 3,120 shares of the business’s 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 transaction, the director owned 10,877 shares of the company’s stock, valued at $2,238,269.06. The trade was a 22.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 26.10% of the company’s stock.

Boston Beer Profile

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.