Gagnon Securities LLC Decreases Stock Holdings in The Boston Beer Company, Inc. $SAM

Gagnon Securities LLC reduced its position in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 70.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,355 shares of the company’s stock after selling 15,153 shares during the period. Gagnon Securities LLC’s holdings in Boston Beer were worth $1,240,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Boston Beer during the 4th quarter worth $35,000. Covestor Ltd lifted its position in shares of Boston Beer by 180.9% during the 4th quarter. Covestor Ltd now owns 250 shares of the company’s stock worth $49,000 after purchasing an additional 161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Boston Beer by 154.9% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock worth $49,000 after purchasing an additional 141 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Boston Beer by 4,780.0% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 244 shares of the company’s stock worth $52,000 after purchasing an additional 239 shares during the last quarter. Finally, Group One Trading LLC purchased a new stake in shares of Boston Beer during the 4th quarter worth $52,000. 81.13% of the stock is owned by hedge funds and other institutional investors.

Boston Beer Stock Performance

Shares of SAM opened at $181.77 on Friday. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -28.85, a PEG ratio of 2.31 and a beta of 0.79. The company’s 50 day simple moving average is $207.37 and its 200 day simple moving average is $213.19. The Boston Beer Company, Inc. has a 1 year low of $158.68 and a 1 year high of $264.46.

Boston Beer (NYSE:SAM) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.32). The firm had revenue of $433.93 million for the quarter, compared to analysts’ expectations of $436.06 million. Boston Beer had a negative net margin of 2.96% and a positive return on equity of 12.08%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.16 EPS. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. Equities analysts expect that The Boston Beer Company, Inc. will post 9.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SAM. Zacks Research raised shares of Boston Beer from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Wall Street Zen raised shares of Boston Beer from a “sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Evercore set a $240.00 price objective on shares of Boston Beer in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $233.00 price objective on shares of Boston Beer in a report on Friday, May 1st. Finally, UBS Group decreased their price objective on shares of Boston Beer from $250.00 to $245.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Ten research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $235.64.

Boston Beer 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.