The Boston Beer Company, Inc. $SAM Shares Sold by Southernsun Asset Management LLC

Southernsun Asset Management LLC reduced its stake in The Boston Beer Company, Inc. (NYSE:SAM) by 17.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,627 shares of the company’s stock after selling 18,800 shares during the period. Boston Beer makes up about 2.5% of Southernsun Asset Management LLC’s investment portfolio, making the stock its 21st biggest holding. Southernsun Asset Management LLC owned approximately 0.82% of Boston Beer worth $17,483,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its position in shares of Boston Beer by 97.3% in the first quarter. Millennium Management LLC now owns 185,898 shares of the company’s stock worth $44,400,000 after buying an additional 91,667 shares during the period. Armistice Capital LLC raised its holdings in shares of Boston Beer by 72.7% during the 1st quarter. Armistice Capital LLC now owns 210,553 shares of the company’s stock valued at $50,288,000 after buying an additional 88,624 shares during the period. Acadian Asset Management LLC acquired a new position in Boston Beer during the 2nd quarter worth approximately $12,795,000. Arrowstreet Capital Limited Partnership boosted its holdings in Boston Beer by 34.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 239,109 shares of the company’s stock worth $45,624,000 after acquiring an additional 60,880 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Boston Beer by 159.0% in the 2nd quarter. American Century Companies Inc. now owns 90,652 shares of the company’s stock worth $17,298,000 after acquiring an additional 55,645 shares during the period. 81.13% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Boston Beer

In other Boston Beer news, Director Michael Spillane sold 3,120 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $205.78, for a total transaction of $642,033.60. Following the sale, the director owned 10,877 shares in the company, valued at $2,238,269.06. This represents a 22.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 26.10% of the stock is owned by insiders.

Boston Beer Price Performance

NYSE SAM opened at $195.06 on Tuesday. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 1.70 and a beta of 1.06. The Boston Beer Company, Inc. has a 12 month low of $185.34 and a 12 month high of $323.98. The company’s fifty day moving average price is $208.53 and its two-hundred day moving average price is $211.26.

Boston Beer (NYSE:SAM) last released its earnings results on Thursday, October 23rd. The company reported $4.25 earnings per share for the quarter, topping the consensus estimate of $3.78 by $0.47. Boston Beer had a net margin of 4.38% and a return on equity of 12.29%. The company had revenue of $537.49 million during the quarter, compared to the consensus estimate of $542.97 million. During the same quarter in the previous year, the firm earned $2.86 EPS. The company’s revenue was down 11.2% on a year-over-year basis. Boston Beer has set its FY 2025 guidance at 7.800-9.800 EPS. As a group, analysts anticipate that The Boston Beer Company, Inc. will post 9.29 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on SAM shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Boston Beer in a research report on Wednesday, October 8th. Piper Sandler lowered their price target on shares of Boston Beer from $230.00 to $220.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Citigroup lowered shares of 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 report on Monday, October 6th. UBS Group upped their price objective on shares of Boston Beer from $230.00 to $246.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Finally, Jefferies Financial Group lowered their target price on Boston Beer from $230.00 to $225.00 and set a “hold” rating for the company in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $249.74.

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.