The Boston Beer Company, Inc. $SAM Shares Acquired by Bayforest Capital Ltd

Bayforest Capital Ltd grew its holdings in The Boston Beer Company, Inc. (NYSE:SAM) by 14.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,098 shares of the company’s stock after acquiring an additional 272 shares during the period. Bayforest Capital Ltd’s holdings in Boston Beer were worth $400,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SAM. Millennium Management LLC boosted its holdings in shares of Boston Beer by 97.3% in the 1st quarter. Millennium Management LLC now owns 185,898 shares of the company’s stock valued at $44,400,000 after acquiring an additional 91,667 shares during the last quarter. Armistice Capital LLC boosted its holdings in shares of Boston Beer by 72.7% in the 1st quarter. Armistice Capital LLC now owns 210,553 shares of the company’s stock valued at $50,288,000 after acquiring an additional 88,624 shares during the last quarter. Jump Financial LLC boosted its holdings in shares of Boston Beer by 2,695.2% in the 1st quarter. Jump Financial LLC now owns 37,036 shares of the company’s stock valued at $8,846,000 after acquiring an additional 35,711 shares during the last quarter. Trexquant Investment LP boosted its holdings in shares of Boston Beer by 147.8% in the 1st quarter. Trexquant Investment LP now owns 46,434 shares of the company’s stock valued at $11,090,000 after acquiring an additional 27,698 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Boston Beer by 55.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 62,051 shares of the company’s stock valued at $14,820,000 after acquiring an additional 22,129 shares during the last quarter. 81.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SAM has been the topic of several recent research reports. UBS Group dropped their price objective on shares of Boston Beer from $234.00 to $230.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Jefferies Financial Group lowered their price target on shares of Boston Beer from $230.00 to $225.00 and set a “hold” rating on the stock in a report on Tuesday, September 30th. The Goldman Sachs Group lowered their price target on shares of Boston Beer from $219.00 to $187.00 and set a “sell” rating on the stock in a report on Monday, June 23rd. Sanford C. Bernstein set a $230.00 price target on shares of Boston Beer and gave the stock a “market perform” rating in a report on Monday, July 28th. Finally, Wall Street Zen downgraded shares of Boston Beer from a “buy” rating to a “hold” rating in a report on Friday, June 27th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $251.51.

Boston Beer Stock Up 0.3%

SAM opened at $223.43 on Thursday. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 2.05 and a beta of 0.83. The Boston Beer Company, Inc. has a 52-week low of $185.34 and a 52-week high of $329.55. The firm’s fifty day simple moving average is $220.07 and its two-hundred day simple moving average is $221.60.

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, beating the consensus estimate of $4.37 by $1.08. The business had revenue of $587.95 million for the quarter, compared to the consensus estimate of $599.18 million. Boston Beer had a net margin of 3.65% and a return on equity of 15.15%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm posted $4.39 earnings per share. Boston Beer has set its FY 2025 guidance at 8.000-10.500 EPS. On average, research analysts forecast that The Boston Beer Company, Inc. will post 9.29 EPS for the current year.

Insider Transactions at Boston Beer

In other news, VP Annette N. Fritsch sold 600 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $219.24, for a total value of $131,544.00. Following the completion of the sale, the vice president directly owned 9,715 shares in the company, valued at $2,129,916.60. This represents a 5.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 26.10% of the stock is currently owned by insiders.

About Boston Beer

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.