Royal Bank of Canada boosted its position in shares of The Boston Beer Company, Inc. (NYSE:SAM – Free Report) by 136.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,081 shares of the company’s stock after acquiring an additional 11,012 shares during the period. Royal Bank of Canada owned 0.18% of Boston Beer worth $4,395,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Quantinno Capital Management LP grew its position in shares of Boston Beer by 155.2% during the 1st quarter. Quantinno Capital Management LP now owns 230,587 shares of the company’s stock valued at $53,127,000 after purchasing an additional 140,247 shares in the last quarter. Lombard Odier Asset Management USA Corp purchased a new stake in shares of Boston Beer in the first quarter worth $330,000. Renaissance Technologies LLC boosted its stake in Boston Beer by 13.4% during the first quarter. Renaissance Technologies LLC now owns 93,779 shares of the company’s stock valued at $21,607,000 after buying an additional 11,100 shares during the period. First Trust Advisors LP boosted its position in shares of Boston Beer by 34.8% during the 1st quarter. First Trust Advisors LP now owns 51,675 shares of the company’s stock valued at $11,906,000 after acquiring an additional 13,348 shares during the last quarter. Finally, Quantedge Capital Pte Ltd bought a new stake in Boston Beer during the first quarter valued at approximately $2,396,000. Institutional investors own 81.13% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on SAM. Zacks Research cut Boston Beer from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. UBS Group decreased their price objective on shares of Boston Beer from $245.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, July 16th. The Goldman Sachs Group decreased 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. Morgan Stanley set a $190.00 price target on shares of Boston Beer and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $195.00 price objective on shares of Boston Beer in a research report on Monday, July 27th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $206.91.
Boston Beer Price Performance
SAM opened at $185.03 on Friday. The firm has a market cap of $1.93 billion, a PE ratio of -27.25 and a beta of 0.80. The stock has a 50-day moving average price of $179.46 and a 200-day moving average price of $206.59. The Boston Beer Company, Inc. has a 1 year low of $158.68 and a 1 year high of $264.46.
Boston Beer (NYSE:SAM – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported $3.65 earnings per share for the quarter, missing analysts’ consensus estimates of $4.83 by ($1.18). The firm had revenue of $568.34 million for the quarter, compared to the consensus estimate of $566.68 million. Boston Beer had a negative net margin of 3.42% and a positive return on equity of 9.99%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.45 earnings per share. Boston Beer has set its FY 2026 guidance at 8.500-10.500 EPS. As a group, sell-side analysts anticipate that The Boston Beer Company, Inc. will post 8.99 EPS 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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