Bank of New York Mellon Corp Cuts Holdings in The Boston Beer Company, Inc. $SAM

Bank of New York Mellon Corp reduced its position in The Boston Beer Company, Inc. (NYSE:SAM) by 5.5% in the first quarter, Holdings Channel.com reports. The firm owned 56,995 shares of the company’s stock after selling 3,288 shares during the quarter. Bank of New York Mellon Corp’s holdings in Boston Beer were worth $13,132,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of Boston Beer by 0.7% during the second quarter. California State Teachers Retirement System now owns 8,414 shares of the company’s stock worth $1,605,000 after acquiring an additional 57 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of Boston Beer by 5.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,192 shares of the company’s stock valued at $227,000 after purchasing an additional 60 shares in the last quarter. US Bancorp DE boosted its stake in shares of Boston Beer by 28.2% in the 3rd quarter. US Bancorp DE now owns 386 shares of the company’s stock valued at $82,000 after purchasing an additional 85 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Boston Beer by 12.6% during the 3rd quarter. Parallel Advisors LLC now owns 758 shares of the company’s stock valued at $160,000 after purchasing an additional 85 shares during the last quarter. Finally, Empowered Funds LLC grew 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 valued at $288,000 after purchasing an additional 98 shares during the last quarter. 81.13% of the stock is currently owned by institutional investors.

Boston Beer Trading Down 1.3%

NYSE SAM opened at $182.85 on Friday. The Boston Beer Company, Inc. has a 12 month low of $158.68 and a 12 month high of $264.46. The stock has a market cap of $1.90 billion, a P/E ratio of -26.93, a P/E/G ratio of 3.68 and a beta of 0.78. The stock’s fifty day moving average price is $177.79 and its 200-day moving average price is $208.57.

Boston Beer (NYSE:SAM) last issued its earnings results on Thursday, July 23rd. The company reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.83 by ($1.18). Boston Beer had a positive return on equity of 9.99% and a negative net margin of 3.42%.The firm had revenue of $568.34 million during the quarter, compared to analysts’ expectations of $566.68 million. During the same period last year, the firm posted $5.45 earnings per share. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, analysts forecast that The Boston Beer Company, Inc. will post 8.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on SAM shares. Evercore set a $240.00 price target on shares of Boston Beer in a research note on Friday, May 1st. Wall Street Zen upgraded Boston Beer from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Jefferies Financial Group lowered their target price on Boston Beer from $230.00 to $195.00 and set a “hold” rating for the company in a research note on Friday, July 24th. The Goldman Sachs Group dropped their target price on Boston Beer from $192.00 to $169.00 and set a “sell” rating for the company in a report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft set a $176.00 price target on Boston Beer in a research report on Friday, July 24th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $206.91.

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.