Hsbc Holdings PLC bought a new position in The Boston Beer Company, Inc. (NYSE:SAM – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,036 shares of the company’s stock, valued at approximately $593,000.
Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Boston Beer by 55.4% in the first quarter. Goldman Sachs Group Inc. now owns 62,051 shares of the company’s stock valued at $14,820,000 after purchasing an additional 22,129 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Boston Beer by 8.8% during the first quarter. Empowered Funds LLC now owns 1,207 shares of the company’s stock worth $288,000 after buying an additional 98 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Boston Beer by 5.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 21,902 shares of the company’s stock valued at $5,231,000 after buying an additional 1,067 shares during the last quarter. Cetera Investment Advisers raised its position in Boston Beer by 17.9% in the 2nd quarter. Cetera Investment Advisers now owns 1,653 shares of the company’s stock valued at $315,000 after buying an additional 251 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Boston Beer by 41.5% in the 2nd quarter. First Trust Advisors LP now owns 15,657 shares of the company’s stock valued at $2,988,000 after acquiring an additional 4,591 shares in the last quarter. Institutional investors own 81.13% of the company’s stock.
Analysts Set New Price Targets
SAM has been the subject of a number of recent research reports. UBS Group reduced their price target on Boston Beer from $250.00 to $245.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Morgan Stanley cut their price objective on shares of Boston Beer from $235.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen cut shares of Boston Beer from a “hold” rating to a “sell” rating in a report on Sunday. Evercore set a $240.00 target price on shares of Boston Beer in a research report on Friday, May 1st. Finally, Weiss Ratings lowered shares of Boston Beer from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Ten investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $229.00.
Boston Beer Stock Up 0.9%
SAM opened at $170.35 on Thursday. 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 $1.77 billion, a price-to-earnings ratio of -27.04, a PEG ratio of 2.17 and a beta of 0.78. The business has a 50 day moving average of $178.79 and a 200-day moving average of $210.32.
Boston Beer (NYSE:SAM – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $1.64 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.32). Boston Beer had a positive return on equity of 12.08% and a negative net margin of 2.96%.The business had revenue of $433.93 million for the quarter, compared to the consensus estimate of $436.06 million. During the same quarter in the prior year, the firm posted $2.16 earnings per share. The business’s revenue was down 4.4% compared to the same quarter last year. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, analysts expect that The Boston Beer Company, Inc. will post 9.77 earnings per share for the current year.
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.
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