The Boston Beer Company, Inc. $SAM Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC lifted its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 26.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,329 shares of the company’s stock after buying an additional 12,258 shares during the period. Calamos Advisors LLC’s holdings in Boston Beer were worth $11,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Elequin Capital LP purchased a new position in Boston Beer in the first quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Boston Beer in the 1st quarter valued at $44,000. Signaturefd LLC grew its holdings in shares of Boston Beer by 483.7% during the 1st quarter. Signaturefd LLC now owns 251 shares of the company’s stock worth $60,000 after purchasing an additional 208 shares during the period. US Bancorp DE increased its position in shares of Boston Beer by 23.5% during the 1st quarter. US Bancorp DE now owns 336 shares of the company’s stock worth $80,000 after purchasing an additional 64 shares during the last quarter. Finally, Plato Investment Management Ltd acquired a new stake in shares of Boston Beer during the 1st quarter worth about $104,000. Hedge funds and other institutional investors own 81.13% of the company’s stock.

Boston Beer Stock Up 0.0%

Boston Beer stock opened at $200.97 on Friday. The Boston Beer Company, Inc. has a 52-week low of $185.34 and a 52-week high of $325.66. The firm has a market cap of $2.14 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 1.85 and a beta of 0.91. The company’s 50 day moving average is $216.99 and its two-hundred day moving average is $217.31.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $4.25 earnings per share for the quarter, topping analysts’ consensus estimates of $3.78 by $0.47. The business 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 in the prior year, the company earned $2.86 earnings per share. Boston Beer has set its FY 2025 guidance at 7.800-9.800 EPS. On average, equities research analysts anticipate that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current fiscal year.

Insider Transactions at Boston Beer

In other news, Director Michael Spillane sold 3,120 shares of Boston Beer 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 in the company, valued at approximately $2,238,269.06. This trade represents a 22.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 26.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Sanford C. Bernstein set a $230.00 target price on shares of Boston Beer and gave the stock a “market perform” rating in a research note on Monday, July 28th. Evercore ISI dropped their target price on shares of Boston Beer from $275.00 to $250.00 and set an “in-line” rating for the company in a report on Friday, July 25th. UBS Group boosted 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. Citigroup lowered Boston Beer from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $255.00 to $235.00 in a research report on Monday, October 6th. Finally, Morgan Stanley dropped their price objective on Boston Beer from $270.00 to $245.00 and set an “equal weight” rating for the company in a research note on Friday, July 25th. One equities 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 company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $250.65.

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.