The Boston Beer Company, Inc. $SAM Shares Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 52.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,238 shares of the company’s stock after acquiring an additional 4,210 shares during the period. Wedge Capital Management L L P NC’s holdings in Boston Beer were worth $2,166,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in SAM. Ascentis Independent Advisors purchased a new position in shares of Boston Beer during the 1st quarter worth approximately $37,000. Covestor Ltd increased its holdings in Boston Beer by 180.9% in the 4th quarter. Covestor Ltd now owns 250 shares of the company’s stock valued at $49,000 after purchasing an additional 161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Boston Beer by 154.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 232 shares of the company’s stock valued at $49,000 after purchasing an additional 141 shares during the period. CIBC Private Wealth Group LLC raised its position in Boston Beer by 4,780.0% in the third quarter. CIBC Private Wealth Group LLC now owns 244 shares of the company’s stock valued at $52,000 after purchasing an additional 239 shares during the period. Finally, Group One Trading LLC purchased a new stake in Boston Beer in the fourth quarter valued at approximately $52,000. 81.13% of the stock is currently owned by institutional investors and hedge funds.

Boston Beer Trading Up 0.4%

Shares of SAM stock opened at $185.66 on Friday. The firm has a fifty day moving average price of $179.87 and a 200 day moving average price of $206.45. The company has a market cap of $1.93 billion, a P/E ratio of -27.34 and a beta of 0.80. The Boston Beer Company, Inc. has a 12 month low of $158.68 and a 12 month high of $264.46.

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

Analyst Ratings Changes

Several research firms have recently commented on SAM. Zacks Research lowered Boston Beer from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. Jefferies Financial Group cut their price objective on Boston Beer from $230.00 to $195.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Morgan Stanley set a $190.00 target price on Boston Beer and gave the stock an “equal weight” rating in a research note on Friday, July 24th. UBS Group lowered their target price on Boston Beer from $245.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, July 16th. Finally, 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 research report on Wednesday, July 8th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Boston Beer has an average rating of “Reduce” and an average target price of $206.91.

Boston Beer Company 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.