Pacer Advisors Inc. Sells 4,307 Shares of The Boston Beer Company, Inc. $SAM

Pacer Advisors Inc. decreased its position in The Boston Beer Company, Inc. (NYSE:SAM) by 10.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,529 shares of the company’s stock after selling 4,307 shares during the period. Pacer Advisors Inc. owned about 0.36% of Boston Beer worth $8,647,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC increased its position in shares of Boston Beer by 67.3% during the first quarter. Parallel Advisors LLC now owns 843 shares of the company’s stock valued at $194,000 after purchasing an additional 339 shares during the period. Glenmede Trust Co. NA lifted its position in Boston Beer by 25.9% in the first quarter. Glenmede Trust Co. NA now owns 3,456 shares of the company’s stock worth $796,000 after purchasing an additional 712 shares during the period. Bull Harbor Capital LLC acquired a new stake in Boston Beer during the first quarter worth $303,000. EverSource Wealth Advisors LLC boosted its stake in Boston Beer by 23.3% during the first quarter. EverSource Wealth Advisors LLC now owns 423 shares of the company’s stock worth $97,000 after buying an additional 80 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in Boston Beer by 26.6% in the 1st quarter. California State Teachers Retirement System now owns 9,973 shares of the company’s stock valued at $2,298,000 after buying an additional 2,097 shares during the period. Institutional investors own 81.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SAM shares. Wall Street Zen raised shares of Boston Beer from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Roth Capital reissued a “buy” rating and issued a $295.00 target price (down from $315.00) on shares of Boston Beer in a research note on Friday, July 24th. Citigroup dropped their price target on shares of Boston Beer from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. UBS Group dropped their price target on shares of Boston Beer from $245.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, July 16th. Finally, Zacks Research cut shares of Boston Beer from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Boston Beer currently has an average rating of “Reduce” and a consensus target price of $206.91.

Boston Beer Price Performance

Boston Beer stock opened at $184.35 on Wednesday. The stock has a fifty day moving average price of $177.76 and a two-hundred day moving average price of $208.19. The Boston Beer Company, Inc. has a 52-week low of $158.68 and a 52-week high of $264.46. The firm has a market capitalization of $1.92 billion, a P/E ratio of -27.15 and a beta of 0.80.

Boston Beer (NYSE:SAM) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $568.34 million for the quarter, compared to the consensus estimate of $566.68 million. During the same period in the previous year, the business posted $5.45 earnings per share. The firm’s 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 research analysts predict that The Boston Beer Company, Inc. will post 8.99 EPS for the current fiscal 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.