New York State Teachers Retirement System Sells 133 Shares of The Boston Beer Company, Inc. $SAM

New York State Teachers Retirement System cut its stake in shares of The Boston Beer Company, Inc. (NYSE:SAM) by 1.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 11,739 shares of the company’s stock after selling 133 shares during the quarter. New York State Teachers Retirement System’s holdings in Boston Beer were worth $2,240,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Rossby Financial LCC purchased a new stake in shares of Boston Beer during the first quarter valued at approximately $25,000. Elequin Capital LP bought a new stake in Boston Beer during the 1st quarter valued at $30,000. Caitong International Asset Management Co. Ltd purchased a new stake in Boston Beer during the 1st quarter valued at $44,000. First Horizon Advisors Inc. grew its holdings in Boston Beer by 24.4% in the 1st quarter. First Horizon Advisors Inc. now owns 214 shares of the company’s stock worth $51,000 after acquiring an additional 42 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Boston Beer by 483.7% in the first quarter. Signaturefd LLC now owns 251 shares of the company’s stock valued at $60,000 after acquiring an additional 208 shares during the period. 81.13% of the stock is owned by hedge funds and other institutional investors.

Boston Beer Stock Down 0.6%

NYSE SAM opened at $218.83 on Wednesday. The firm has a market capitalization of $2.44 billion, a PE ratio of 30.86, a P/E/G ratio of 2.02 and a beta of 0.83. The stock’s 50 day moving average is $220.33 and its 200 day moving average is $220.84. The Boston Beer Company, Inc. has a twelve month low of $185.34 and a twelve month high of $329.55.

Boston Beer (NYSE:SAM) last posted its quarterly earnings data on Thursday, July 24th. The company reported $5.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.37 by $1.08. Boston Beer had a return on equity of 15.15% and a net margin of 3.65%.The business had revenue of $587.95 million during the quarter, compared to the consensus estimate of $599.18 million. During the same quarter in the prior year, the company earned $4.39 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. On average, research analysts anticipate that The Boston Beer Company, Inc. will post 9.29 earnings per share for the current year.

Insider Transactions at Boston Beer

In related news, VP Annette N. Fritsch sold 600 shares of the business’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $219.24, for a total transaction of $131,544.00. Following the sale, the vice president owned 9,715 shares of the company’s stock, valued at $2,129,916.60. The trade was a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 26.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SAM has been the subject of a number of analyst reports. Jefferies Financial Group dropped their target price on shares of Boston Beer from $230.00 to $225.00 and set a “hold” rating for the company in a report on Tuesday, September 30th. Citigroup lowered Boston Beer from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $255.00 to $235.00 in a research report on Monday, October 6th. UBS Group reduced their target price on Boston Beer from $234.00 to $230.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Sanford C. Bernstein set a $230.00 price target on Boston Beer and gave the stock a “market perform” rating in a research note on Monday, July 28th. Finally, Weiss Ratings reissued 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, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Boston Beer currently has an average rating of “Reduce” and an average target price of $251.51.

Boston Beer Company 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.